Health Con

One thought on “Health Con”

1. 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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