Billing and Coding

Figuring out a Fee Schedule for Your Midwife Business

There are many ways to create a fee schedule. Simple way is do a cash rate fee schedule based on your overhead expenses, how many women you are seeing each month, and goal for profit margin. For example, monthly business expenses including building, utilities, malpractice insurance, office supplies, birth supplies, birth assistant, staff wages, and …

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Billing Policies to Improve Midwife Business Revenue Return

Making sure a midwife is getting paid for her services is vital to a successful business. Whether you are paid cash or insurance payments, having good written policies to improve communication among staff and clients will create strength to your billing processes. Make sure an attorney looks over your financial contracts before implementing them into …

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Babies are a Billion Dollar Business

Has anyone seen the movie, “Business of Being Born?” Ricky Lake has been a monumental spokesperson for the money making backdrop systems present in the United States compared to other countries. Our society has made birth a booming business to be part of. Health care system has created assembly line maternity systems for women to …

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Benefits of Athena Health EHR System for Midwifery Business

I want to start this post with stressing I am not getting paid by Athena Health to write this post. I have used many electronic medical record systems over the last fifteen years. I have used Cerner, Centricity, Epic, Maternity Motherhood, Athena Health, Allscripts, eClinicalWorks, GE Healthcare, and MEDITECH. I have found Athena Health to …

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Is Midwifery Care Eligible for HSA Coverage?

Health Savings Accounts are one of my favorite tools for families, midwives, and businesses. Every year the limit for contribution increases and varies for single and married individuals (as of 2020, $3550 single and $7100 family). This money is tax free in and out for medical expenses the rest of your life. It isn’t a …

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Additional Services to Midwife Practice: Big Financial Impact

Have you ever thought it would be nice to serve families and not have just adding another birth to the monthly delivery list as the only option to bring in more revenue? There are so many wonderful services midwives can do and many are quite profitable when looking at the time and initial costs for …

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Tips for Negotiating with Insurance Companies

Good negotiations contribute significantly to your midwifery business’s success as they help you build better relationships and deliver lasting quality solutions. The ability to negotiate effectively for your midwifery business is highly appreciated in today’s market. One reason why a business suffers from a great loss is because of poor negotiation skills, on the other …

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