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Jul 11th, 2018 - johntimber

medical practice reimbursement issues

Hi,

A good friend is a physician-employee at a private practice. His contract states he is paid 50% of collections. This is paid every 2 weeks based on the collections received during that pay window.He noticed his pay has dropped 30-40% since Jan 1. He already had concerns about a relatively high accounts receivable for his work but now it has skyrocketed. His 120 day + is 30% - 2-3x industry standard.Unfortunately the owner of the practice hired his son as practice administrator several years back. He is a JD with no experience in this field. He has gotten a lot of push back about his concerns and some of the actions by the administrator appear to him to be covering up for his incompetence.

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Thanks!

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