Establishing Your Fee Schedule

The American Medical Association has developed the educational resource, “Fee schedule analysis: Using your complete practice cost as a guide PDF FIle,” to help physicians and their practice staff recognize the need to establish their practice fee schedule based on what it actually costs to provide a service rather than basing their fee schedule on what a third-party payer or other entity wants to pay. This resource includes a 12-step guide to help physician practices create their own unique physician practice fee schedule with an easy-to-complete spreadsheet that will allow physician practices to include additional markup percentages to account for profit, contributions to reserves and future capital expenditures.

Source: AMA

Jonathan McClung