Comments on: Don’t Discount The Cost of Receivables http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/ ...because that's who I am. Sun, 05 Feb 2012 15:29:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Hoult http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/comment-page-1/#comment-10675 Matt Hoult Mon, 28 Jul 2008 21:55:22 +0000 http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/#comment-10675 This is a very common occurrence here in Britain too. I do notice that many companies we deal with do not even have company credit cards, while those who do often know the details off the top of their heads, and are always the best clients in terms of finances. I don't understand the others either though. This is a very common occurrence here in Britain too. I do notice that many companies we deal with do not even have company credit cards, while those who do often know the details off the top of their heads, and are always the best clients in terms of finances.

I don’t understand the others either though.

]]> By: Dave http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/comment-page-1/#comment-10674 Dave Mon, 28 Jul 2008 21:54:04 +0000 http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/#comment-10674 Ah yes... good point, Glenn. I'm sure you're right that the insurance companies have some policy that dictates at least part of this. It just seems so *strange* to me as a business owner to follow this sort of thing, especially for a dentist where I'd wager that 50% or more of his practice has no true dental insurance. Ah yes… good point, Glenn. I’m sure you’re right that the insurance companies have some policy that dictates at least part of this.

It just seems so *strange* to me as a business owner to follow this sort of thing, especially for a dentist where I’d wager that 50% or more of his practice has no true dental insurance.

]]> By: Glenn Fleishman http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/comment-page-1/#comment-10673 Glenn Fleishman Mon, 28 Jul 2008 21:52:15 +0000 http://www.davethenerd.com/davehamilton/work/2008/07/28/dont-discount-the-cost-of-receivables/#comment-10673 I'm about to see a podiatrist that my wife just saw. They charge $480 for new molds and orthotics, but they discount it $80 if you're paying out of pocket and pay at the visit. I don't know what their insurance reimbursement is, but it's probably less than the $400 that they bill insurance. Some insurance companies have these weird policies that doctors can't bill a discounted amount to ad hoc patients, because then patients would just get catastrophic insurance and pay bills out of pocket instead of getting mid-level comprehensive. You missed another piece of the logic. It's not just that it costs more to collect insurance and takes longer, but rather that those of us who pay directly are subsidizing people who have health insurance. That makes no sense to me whatsoever. It all goes to show that health insurance and doctors' fees have very little to do with business reality. I’m about to see a podiatrist that my wife just saw. They charge $480 for new molds and orthotics, but they discount it $80 if you’re paying out of pocket and pay at the visit. I don’t know what their insurance reimbursement is, but it’s probably less than the $400 that they bill insurance.

Some insurance companies have these weird policies that doctors can’t bill a discounted amount to ad hoc patients, because then patients would just get catastrophic insurance and pay bills out of pocket instead of getting mid-level comprehensive.

You missed another piece of the logic. It’s not just that it costs more to collect insurance and takes longer, but rather that those of us who pay directly are subsidizing people who have health insurance. That makes no sense to me whatsoever.

It all goes to show that health insurance and doctors’ fees have very little to do with business reality.

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