Recent laws in New Jersey and California represent a disturbing trend that will negatively impact a practice’s ability to collect monies from patients, as well as expose them to significant penalties if the practice does not follow the mandatory guidelines to a T. Please be aware that a similar law may be coming to your state. The time to act is before the law is passed.
Managed Satisfaction
While Health Maintenance Organizations (HMOs) may not be popular with health care providers, consumers often prefer them. A survey that queried 10,000 consumers found the following percentages completely or very satisfied:
Health Plan Satisfaction
HMOs - 63.6%
PPOs - 50.0%
Traditional Plans - 55.1%
Medicare Only - 40.7%
Percentage of consumers completely satisfied or very satisfied with their health plan.
SOURCE: National Research Corp. survey.