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A specialty practice in oncology is considering contracting with a collection agency to pursue outstanding payments...

A specialty practice in oncology is considering contracting with a collection agency to pursue outstanding payments due from patients. What are the key considerations in moving forward with this business decision?

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Answer #1

1. The payment should be "value-based payment".

2. The quality of care should be measured before correlating with other payment schemes.

3. The period of coverage should be assessed before pursuing with other outside payment modes.

4. After the reimbursement, the care should be given by specialists in oncology rather than other doctors. The treatment should be made effective to have an outcome.

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