In this chapter of the book «#HealthcareFromTheTrenches«, Alejandro Badia, M.D. discusses:
- Medicine is a business and while it’s obvious to say, the people who work in healthcare need to get paid
- However, bill charges in relation to what physicians get paid is not what most patients think they are
- Misconceptions about physicians’ compensation and health insurance companies
- Explanation of benefits (EOBs) and bureaucracy involved in billing
- An EOB is a statement from your health insurance plan describing what costs it will cover for medical care or products you’ve received.
- Working endless hours caring for patients with the threat of lawsuits hanging over our heads.
- Those of us in private practice must maintain high overhead in the form of administrative staff just get some reimbursement for the important and lifesaving work we do.
