Increase Primary Care Physician Income - The White Coat Investor - Basics скачать в хорошем качестве

Increase Primary Care Physician Income - The White Coat Investor - Basics

One of the things I have noticed, that no one ever seems to talk about, is that intraspecialty pay variation is higher than interspecialty pay variation. The ability to increase pay, and increase it substantially, solves a ton of financial problems that real doctors run into and email me about all the time. It's way easier to pay off your student loans or mortgage on twice the income. Four approaches that Primary Care physicians can increase their income… #1 Preventive Medicine Insurance companies pay for preventive care for a reason. An ounce of prevention is worth a pound of cure. Just by doing preventive medicine, and billing for it, you could see about a $70,000 annual increase in revenue in your practice while ensuring better patient care. You don’t need to see more patients. The patients are already coming to your clinic. You just need to spend more time with them. However, spending more time with each patient and providing more services means more documentation. Having templates or using dot phrases in your electronic health record (EHR) will help you effectively chart all the onerous documentation requirements. This is especially true if you want to meet the ones required to bill for a Medicare Wellness visit. #2 Practice Full-Spectrum Medicine Have you thought about doing some inpatient shifts or working at an urgent care? Maybe being the medical director for a nursing home or being on-call coverage for OB? Having work outside of the clinic obviously increases your income, but it is also a nice change of pace that might give you some sanity and time away from the never-ending inbox. #3 Know Your Coding If you want to get better at billing, you need to get better at coding. Know the rules of the game inside out. Physicians routinely undervalue services they are already providing. Taking a coding training course might help you become more confident in the worth of the work that you are doing. #4 Optimize Your Medical Documentation Being more efficient at documenting your progress notes can have a huge impact on your time and therefore could potentially enable you to increase your income. Practicing at the top of your license, doing preventive care, minor procedures, or work outside the clinic are ways to maximize that revenue. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Main Website: https://www.whitecoatinvestor.com YouTube: https://www.whitecoatinvestor.com/you... Student Loan Advice: https://studentloanadvice.com Facebook:   / thewhitecoatinvestor   Twitter:   / wcinvestor   Instagram:   / thewhitecoatinvestor   Subreddit:   / whitecoatinvestor   Online Courses: https://whitecoatinvestor.teachable.com Newsletter: https://www.whitecoatinvestor.com/fre... 00:00 Physician Pay Increase 00:22 Preventive Medicine 01:02 Full Spectrum Medicine 01:21 Get Better At Coding 01:38 Optimize Documentation