Career and Life Planning Guidebook for Medical Residents

SECTION I: T MINUS THREE YEARS negotiating power. The bottom line is that most physicians have little control over the reimbursement levels they receive for clinical services. Revenue Process: Secure referral sources Market your practice Schedule appointments Provide clinical services Collect patient information Collect insurance information Document diagnosis and treatment procedures File claims with insurance company Follow up on unpaid claims Receive payments from insurance Deposit checks/verify electronic payments Bill patients/secondary insurance for co-payments/deductibles Acquire Patients Treat Patients Document Services Submit Claims Collect Payments CAREER AND LIFE PLANNING GUIDEBOOK FOR MEDICAL RESIDENTS 122

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