Tuesday, September 23, 2014

Medical Billing Models & Law Firm Billing Models

Elisabeth Rosenthal, a physician who writes for the New York Times, wrote a lengthy article on Sunday about ways that hospitals and physician practices are increasing their revenues.  The examples she points out in her article are absolutely amazing.  Well-known physicians and hospitals calling in extra bodies, without consent from the patient, offer their services — unbeknown to the patient that is sedated — during surgical procedures.  While doctors will no doubt go on the defensive saying that there are times when an additional hand is needed in the operating room to adequately care for a patient, there are certainly other times where that extra hand is brought in to increase the hospital’s and/or physician’s bottom line.  It is a despicable but true practice that is no doubt becoming more prevalent in the tighter healthcare economic climate.
Unfortunately, the same can be said for many law firms.  Have you ever looked at a bill from your lawyer?  Take a look next time you receive a bill from a lawyer that you are paying on an hourly basis.  If you are “lucky” enough to hire one of the big firms, you will no doubt see billable entries by a senior partner, junior partner, associate, paralegal, secretary, and sometimes the college kid that is a runner!  Some mid-sized and small firms charge for every sheet of paper your case uses or each and every $0.48 stamp that is used to send correspondence in your case.
Some large corporations and others have caught on to the billing practices of law firms.  Some law firms have adapted by developing alternative billing models.  Others have abandoned the billable hour and now charge on a task-based model.  Sadly, the vast majority of law firms out there still thrive on sending the detailed bill.
Pay attention to your medical and legal bills.  Challenge the hospitals, physicians, and lawyers to tell you why they charge the way they charge.  As evidenced by Dr. Rosenthal’s article, it is time for both the medical and legal profession to take pause and adjust to the economy like so many others have done.
The Parian Law Firm, LLC gets no money unless and until we win your case.  The personal injury attorneys at The Parian Law Firm, LLC are experienced and can help you or someone you know who has been injured in an accident.  The Parian Law Firm, LLC – and the law firms throughout the country that The Parian Law Firm, LLC has strategic partnerships with – have a track record of recovering millions of dollars in cases involving others’ negligence.  Our personal injury attorneys are licensed in Georgia and Alabama, but take cases all over the United States.  Please contact us at (770) 727-5550 or fill out a contact form at www.westgalawyer.com for a no-obligation assessment of your potential personal injury claim.
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