Among the many personal health coverage
categories sold today, you can find products that look and sound like health
insurance, but actually don’t, in fact they don’t provide health insurance
coverage at all. Be careful this product is not a substitute for medical
Let’s look at some other products that do
not provide substitutes for health insurance coverage
Dread Disease Policy.
The dreaded disease policy has a tendency
to have poor grades and only covers treatment for certain diseases such as
diabetes. They are so poor in value that some countries have banned them
together and they have warned consumers about this policy.
Special accident policy.
Accident coverage only pays for the care
you want because of an accident that is not due to an illness. Because a good
overall policy will cover costs related to accidents and illness, accident
policies alone are often not of good value. Additional policies Additional
policies (rarely called hospital compensation policies) pay cash for each day
you are in surgery. However, often the benefits of money will be far from the
price of hospital care. However, this policy can be liked because it is very
cheap and easy to buy.
Additional policies can be an option if
you want to cover up extras that might appear when you are sick. But they are
sometimes not a good purchase and they should not be confused with full
coverage health insurance. The reason why people buy coverage like this is
because it is very cheap
Discount packages are not medical care
insurance, and they cannot protect you from high doctor bills. Some people
might mistakenly consider discounted health packages for health insurance
because of features such as insurance from this product. For example, discount
packages charge a premium once a month, … Read more
As medical practice brokers, we are often
asked how the practice of transition works. Through our years of experience, we
have found that sales practices run smoothly if someone follows a logical
process and doesn’t try to “speed up” events by skipping steps.
Successful sales continue through each of the following phases.
1. Assessment Practices
we provide comprehensive assessments that
establish fair market values. The main information we see includes: call
coverage, hours of work, overhead, years of service, gross income, competition,
hospital admissions, desired percentage of Medicare patients, and established
2. Identifying needs
an analysis of the needs in the community
and the patient base may identify a sub-specialty which would enhance the
practice. This increases the marketability of the practice and helps target the
pool of physicians which should be contacted.
3. Marketing the practice
we use a search of our physician files,
direct mail, advertisements in specialty journals, contacts with residency
programs, cold calls to new leads and other methods to locate the right
physician to take over the practice.
4. Schedule an interview
we arrange for interested doctors to visit
the practice site. We suggest both parties the main questions they should ask,
the items to be reviewed, and what to expect.
5. Write a Real Money Contract
we work with prospective buyers to develop
an initial proposal to buy the practice. All proposals are presented in writing
in an earnest money contract. This contract outlines all aspects of the
transaction from the tax allocation to the introduction period.
6. Negotiating details
negotiating prices and terms of the
transaction into a win-win situation for both parties is the key to successful
sales. We use our expertise for years to develop scenarios that benefit both
sellers and buyers.
7. Removing contingencies
offers often are made … Read more