darkavenger
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Sorry. I had it up on here for a good while, so I ended up selling on eBay. -
Yes, it's still available. DM sent.
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If no one is interested, I am going to put it up on eBay soon.
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Yes, I still have it and want to sell. Send me a private message
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darkavenger changed their profile photo
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I've got a basically new diagnostic set collecting dust and I want to get rid of. Everything works fine, including the rechargeable battery. See pictures here: https://imgur.com/a/qSe4V Only used it a few times in training; otherwise, it has been sitting in its nice case all of this time. $475 shipped to the continental USA. DM me if interested.
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Realistic collection percentages
darkavenger replied to darkavenger's topic in Contracts, Negotiations & Malpractice
And you still collect 72%. I am guessing primary care bills much differently than derm? -
Realistic collection percentages
darkavenger replied to darkavenger's topic in Contracts, Negotiations & Malpractice
Do you know how your practice calculates this? I've been doing some research about net collection rate, and am seeing some unexpected things. I always thought the collection rate was what you actually took in (both from the patient via cash/check/credit card plus insurance payments) divided by what you charged. But now, I am seeing that the net collection rate can be defined as dividing net received payments by the net of approved insurance contractual adjustment. -
Thanks for the excellent thoughts you guys. You've given me a lot to think about. I am now reviewing my numbers to see if collections were as good as they said when I joined. They had mentioned that they were around 80%, but my own numbers show collections around 40%. I may be miscalculating that, since the breakdown spreadsheet is confusing, but if that is the case, I may stick to base + 20% instead of a straight production 30%.
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New Contract. Need Help Before Tomorrow!
darkavenger replied to SoCal_PA's topic in Contracts, Negotiations & Malpractice
I'd say go for the better quality of life. I went from a unstable surgical position to a very stable derm position and am happy not being on call or work weekends. I would try to once more for a higher hourly rate. -
Realistic collection percentages
darkavenger posted a topic in Contracts, Negotiations & Malpractice
I had posted on another thread that I am looking to renew my contract and maybe go to a straight production contract for my derm job. When I joined the practice, I was told that they had good collections, around the 80% mark. That seemed to be excellent. However, yesterday I had them pull my charged amount for the year and it showed that I had charged (or billed?) about $900K but the net received, which I am assuming is collected monies, was only about $360K. That's a collection rate of 40%. That didn't seem right. What are typical collection rates you guys are seeing out there? -
So you are saying I should ask for 35-40%? I billed $900K in a year's time and the collection rate is around 80%. As for my schedule, my physician does not have control over it and it is handled by the front desk people.
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PACShrink, Thanks for your response. I will be W2 and I'll have to see what benefits I'll retain if I go straight production. Collections is pretty good at around 80% of billed, but I don't know about the lag time.
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I am an experienced derm PA and I just finished my first year and my contract is up for renewal. Currently, I get a base salary plus 20% production bonus on collections over $250K. Now, they want to put me on a straight production contract. I haven't seen the contract terms in detail yet, but they did mention that my compensation, including direct expenses, would be 30% of my production. I've asked for clarification on how my compensation would be calculated and how it would be paid out. Questions: 1. Those of you who are on straight production contracts, how do your's work? 2. Did you retain all of your benefits? 3. What should I keep in mind when negotiating this renewal? Thanks, DA
