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Delve into the depths of healthcare with the Physician Transformation Institute Blog. Read, reflect, and find inspiration in our stories. Don't miss out on our upcoming events — a chance to connect, learn, and be part of the transformative journey in medicine. 

3 Myths Preventing Integrative, Functional, and Lifestyle Medicine Doctors From Accepting Medical Insurance

dr. cheng ruan Feb 14, 2022

**CME Link for reflecting on this post available at the end of this post**

Why do I think doctors should really take patients with medical insurance when doing integrative health? So, let's talk about some old urban legends that used to be true but are no longer valid.

Myth 1: "I don't get paid for my work. I don't get paid enough for the time I spend with patients."

That used to be true until very recently when the AMA CPT panel made some major changes- the biggest changes ever since the early 90s. It used to be that a lot of doctors view the charting process like a waste of time. Which inevitably takes time away from their patients. Because of their new criteria for E&M codes and...

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Doctors: Top 20 Signs Innovation is Toxic To Your Own Practice

dr. cheng ruan Feb 13, 2022

**CME Link for reflecting on this post available at the end of this post**

Innovation can be bad for your medical practice, espeically if you are moving too quickly, it can cause issues within your practice in regards to communication and development opportunities.

There are a number of warning signs that can help you identify whether or not innovation is toxic to your own medical practice.

1. You may be moving too quickly for your team to keep up.

Your team is constantly complaining that they need more resources, time or training/development opportunities to keep up with the changes you are making and it is taking away from patient care.

2. Ineffective communication- your team is...

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How Health Coaches Can Be Reimbursed by Medical Insurance

dr. cheng ruan Feb 12, 2022

As the new health coaching taxonomy took effect in April of 2021, health coaches began receiving reimbursements for services under the same codes used for psychological assessments and other behavioral health services.

This allowed doctors to bill insurance in their private practice for assessments by health coaches rather than using billing codes for their other allied health providers like psychologists, psychiatrists, social workers or counselors.

Let's break down how this occured.

The AMA's creation of behavioral health CPT codes went into effect on 01/01/2020 which included behavioral assessment and intervetion as part of its scope. The origin of these CPT codes were from previous...

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Top 10 Reasons Doctors Are Burnt Out and What To Do About It

dr. cheng ruan Feb 02, 2022
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Doctors are some of the most burnt out professionals in the world. According to a study by Medscape, 54% of doctors reported feeling burnt out in 2016. This is up from 45% in 2012. I can't imagine what the numbers are now during the global pandemic.

There are many reasons for this, and it's important to address them before they cause more doctors to leave the profession altogether. In this blog post, we will discuss the top 10 reasons doctors get burnt out and what we can do about it!

 

Reason #01: Too Much Paperwork

 

One of the main reasons doctors get burnt out is because of all the paperwork we have to do. This includes filling out charts,...

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Cash Profit Accelerator for Doctors | Review of Tyler McBroom's Program

dr. cheng ruan Jan 31, 2022
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Hello fellow doctors, below is my honest opinion of what I think of Tyler McBroom's Cash Profit Accelerator.

Cash Profit Accelerator covers many of the following topics with actionable things you can do to start improving your personal financial situation. I highly recommend it.

My best new skills from the program are the following:

  • Managing Cash Flow
  • Mastering Expenses and how they impact your cash flow
  • Understanding Risk & How Risk is Managed with Investment

However, I find myself being stunned that I didn't know some basic strategies that affect our entire family's finances. Here are some tidbits that I wanted to share

Basic Financial Knowledge

...
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Why Great Doctors Tend to be Terrible with Money Management

dr. cheng ruan Jan 31, 2022

When it comes to what to do with money throughout each stage of a doctor's career, there appears to be a substantial lack of knowledge in some of the updates in the popular Physician Side Gigs and Physician Mom's groups on Facebook.

This is not surprising, given that doctors are educated to have a doctor's mentality, which is to assist their patients. expand on this, and that is why they need good financial advice.

Most doctors, do not know how their medical practice will be funded after death. Without any significant guidance from business savy physicians, new doctors assume that they can continue to work until retirement and everything will be okay.

Here are some reasons why Great...

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Doctors Are Making One Common Social Media Mistake in 2022

dr. cheng ruan Jan 26, 2022

Posting about too much product and not enough fundmental value on social media.

The most common mistake I see my fellow doctors make is putting product before value. I see a lot of wellness doctors promote a specific product or service, but that can backfire, especially in 2022, the era where cancel culture is at the height of humanity.

When a doctor's brand is linked to a product that has been cited by the Federal Trade Commission (FTC) or the Food and Drug Administration (FDA) for advertising claims, who else is liable?

Communicate fundamental beliefs and goals is never a bad idea.

Doctors should communicate their fundamental beliefs and goals rather than...

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The Top 9 Mistakes Integrative and Lifestyle Medicine Doctors Make When Dealing With Medical Insurance | Integrative Practice Builder

As an integrative medicine doctor, you know patients always want to use medical insurance. If you currently submit to insurance payers, you know that making mistakes can lead to denied claims and lost money. If you're a cash-only practitioner, you know that patients request superbills for services rendered.

While most doctors are pretty careful with this, even the most careful doctors can make mistakes when it comes to dealing with their patients' medical insurances.

Here are the top nine mistakes integrative medicine doctors make when dealing with medical insurance. Avoid these errors and you'll be able to better utilize your patients' health insurance...

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