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Drs. Patel and Edwards, both certified in Family Practice
entered into a partnership to start their own
practice. Both of them had finished their residency
within the last 3 years. Dr. Patel had completed 2
years of a service commitment after residency, and
Dr. Edwards had been employed by a local hospital
in the capacity of a hospitalist for 2 years. Having
known each other from residency, Drs. Patel and Edwards
entered a partnership and setup a Family Practice
PC. As with any new business, establishing solid billing
practices is the key to survival. The new practice
was based in a suburb of a major metropolitan area,
and as such, the overheads were high, and it was critical
that credentialing was done immediately, staffing
costs were kept at a minimum, and reimbursement rates
were kept as high as possible. There was little room
for trial and error.
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