Saving A Doctors Sanity: One of the big reasons we do this…

This blog isn’t one of our typical ones. It’s just us sharing a bit of background about another doctor who recently contacted us to do a claims review and see if we could help them with their billing and business strategy. But unlike most physicians, this person had an accident and was off of clinical practice for the foreseeable future. They have gone from a take-home pay that was effectively helping them build some savings and a 5 month cash runway, to now very little income. They didn’t have proper insurance coverage in place and other than the cash, don’t have a safety net in place.

So, to help them out, we quickly reviewed their claims and (this happens more than you’d think) we were able to help them recover over 6-figures in past rejections and claims opportunities. These funds will be coming their way in the next several weeks, which means we’re extending their runway another 4 - 6 months.

Now, that’s really only half of our challenge… the other question will be what can this professional do given their situation? To figure this one out:

1) A SWOT analysis of the professionals practice. What are their strengths, weaknesses, opportunities in the practice and the threats to doing different types of work?

2) Based on our collective brainstorm and our SWOT, we helped the doctor consider some consulting and case-review for second opinions. Given their challenges, this work is easy for them to do, there’s demand in their area, it’s paid privately outside of OHIP so they will be paid on OMA rates, and with the large increase in hourly revenue, the physician will have time to rest up and recover.

3) With our plan in mind, we reached out to connections who can facilitate some client flow, and we quickly found a few clients to start with.

The physician is now starting in a different direction, but with some extra cash in hand to help with the transition, a few clients and new contacts in the area they can work, and with a renewed hope and excitement for their career.

It’s a bit of a departure from our typically OHIP Billing Administration and OHIP Billing Optimization support we offer specialists, but we’re not just here for the boring stuff… we’re here to actually put physicians and their practice first!