Chapter 13: Doctors and Money: The Great Divide

In this chapter of the book «#HealthcareFromTheTrenches«, Alejandro Badia, M.D. discusses:

• Medicine is a business and while it’s obvious to say, the people who work in healthcare need to get paid
• However, bill charges in relation to what physicians get paid is not what most patients think they are
• Misconceptions about physicians’ compensation and health insurance companies
• Explanation of benefits (EOBs) and bureaucracy involved in billing
• An EOB is a statement from your health insurance plan describing what costs it will cover for medical care or products you’ve received.
• Working endless hours caring for patients with the threat of lawsuits hanging over our heads.
• Those of us in private practice must maintain high overhead in the form of administrative staff just get some reimbursement for the important and lifesaving work we do.