BC Advantage - 2013 Issue 6

Lead, Follow, or Turn Out the Lights

By: Dave Jakielo, CHBMEI was rereading the booklet written in 1988 by Pritchett and Pound titled Business as Unusual. Its premise is how to survive in an ever-changing environment similar to our current medical billing marketplace. It is hard to believe that it was published over a quarter century ago but it couldn't be more relevant based on what we are facing today.Let's take a look at the past, present, and future of our industry. In the PAST, billing companies enjoyed a high profit margin even if they weren't very efficient. Some of the characteristics of a typical...

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