Dealing With Doctors Who Take Only Cash: I really enjoy it when people try new solutions. The idea of taking insurance out of the patient-doctor relationship is radical, but it may be something for which the time has come.
The only catch was this pediatrician did not accept insurance. He had taken our credit card information before his visit and given us a form to submit to our insurance company as he left, saying insurance usually paid a portion of his fee, which was $650.
A couple of weeks later, our insurance company said it wouldn’t pay anything.
[…] While we were none too happy with the insurance company, we remained impressed by the doctor: he had made our baby better and was compensated for it, all the while avoiding the hassle of dealing with insurance.
This doctor made house calls – he traveled an hour to get to this couple’s home. And it sounds like he’s a consultant-ish doctor, who may not even have a nurse of office to add to his overhead.
The article also tells of another doctor who is doing a subscription model:
“About four years ago, one insurance company was driving me crazy saying I had to fax documents to show I had done a visit,” said Stanford Owen, an internal medical doctor in Gulfport, Miss. “At 2 a.m., I woke up and said, ‘This is it.’ ”
Dr. Owen stopped accepting all insurance and now charges his 1,000 patients $38 a month.
We talked about this earlier – they’re calling it “office visit retainers.”
When you think about it, it’s kind of just another form of insurance — office visit insurance, I would call it.