The business of medicine is one that holds surprises around every corner. From insurance delays to clients who refuse to pay to the ever-shifting prices of medical supplies and equipment, being able to track profitability to ensure success can be an extremely challenging endeavor – one that has kept business professionals on their toes for years.
The issues are the aforementioned variables, plus others. The nature of a medical practice can make collecting payments extremely difficult, as self-pay patients may not be able to pay and insurance companies are notorious for refusing to pay full charges. Despite the difficulty of dealing with these issues, however, they are unavoidable.
