Health Con

hc

I love it.  The largest medical coding seminar is coming up and it is called:

HEALTHCON 2015

Does anyone else get the irony of this?

Medical coding is one of the biggest con games in healthcare today.

 

 

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  1 comment for “Health Con

  1. Steve O'
    March 21, 2015 at 11:28 am

    Let it speak for itself. From the HealthCon website:

    “What do people say about HEALTHCON?
    We sent one of my coding leads, and she recently uncovered $687,000 in missed charges. She then re-coded another several thousand more. I’d say it was worth it!
    Pam B, COC, CPC”

    From the investment banking side, investors assess a company for risk, and insist on commensurate profits proportionate to the risk.
    If one is running a company, the more risk of variation in income, the more cash (or credit) must be held back to insure against the risk.
    When medical firms have to gamble on their returns, the costs of doing business go up. Uncertainty creates risk; risk degrades certainty of return; the cost of doing business goes up.
    For insurers, it’s the same gig – except with a twist. The more doubt they can cast on a bill, the less likely they are to pay it, and keep the cash. At least they can delay payment, and pay it off from future income. Insurers like uncertainty, because they can hold the cash.
    So medical providers underwrite the cost of risk, and provide in effect free short-term loans for the duration of claims delays. Doctors and clinics are the bankers, and insurers are the customers.
    Every seminar, coding specialty training, and all that are merely a part of the shell game – when the bankers figure out the rules, the customers change them again. It’s much cheaper to change the rules than to figure out what they REALLY are.
    And the “idle cash” keeps piling up on the insurers’ side. An abundance of it – almost an embarrassment, for those who have consciences. The Dow Jones rolls up 11% per year – that’s an excess of demand on the currency side. The economy’s not growing 11% per year; certainly not the medical economy.
    Sell medical, buy index funds. Or if you’re a medical provider, too bad onya, mate.

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