Need another reason for a cash only medical practice?

If you are still unsure about whether or not to transition your office-based physician position into a niche medical practice-based one, perhaps this information will help you make your decision. While the average primary care physician takes home $150,000 a year, the recent Medicare payment cuts are sure to affect physicians nationwide. Physician payment rates were cut by 10 percent in 2007, and are projected to be cut to a total of 40 percent by 2016.

Low reimbursement rates are just one of the many reasons why starting your own cash only or medical house call practice makes perfect sense. High overhead is also a quite popular reason for this entrepreneurial physician employment opportunity. Typical office-based physician costs are only expected to rise 20 percent in the next nine years alone. Already, several of these practices are losing money every time a Medicare patient is seen.

Accepting patients who will pay cash only will eradicate the worry of losing out on more money due to decreased Medicare reimbursement rates and other insurance reimbursement rates. To learn more about the benefits of cash only medical practices and obtain a cash only medical practice manual, visit Hippocrates Publishing today. Hippocrates Publishing is the entrepreneurial physician’s best resource for physician marketing, physician advertising, and niche medical office information.