Are you Considering Joining a Group Practice offering Percentage Reimbursement?
If you are looking to join a group practice which is offering reimbursement based on a percentage then there are several things you need to consider.
If a percentage model has been offered you need to know all the details to be fully aware if it is suitable for you.
Is the Percentage Model Right for You?
The Percentage Model has a Wide Appeal
Many clinicians prefer the percentage model and feel that it more equitable, and they have made it work for them.
Some clinics offer rewards for volume, where the percentage can go up if the clinician hits a certain case load target for the month.
Consider if the Percentage Model is Right for You
While it is certainly popular, the percentage model has its downside.
You may not be paid until the practice has been, and it has processed the payment. And, you may be required to provide your own supplies and support.
Find the right payment model for you
You may make significantly less than you expected after insurances are factored in, too.
As well, you may be responsible for your own accounting every month. And, you will certainly need to keep tabs to ensure that you are paid the correct amount.
In truth, you never quite know what they’re going to make each month, and you may have to adjust your professional running costs, and your living costs until you have accumulated a ‘safety net’ in your bank account.
If you are considering joining a group practice which is offering percentage reimbursement, you will need to take into consideration many factors before deciding whether it is right for you.