For many medical professionals, accounting advice often stops at compliance, rather than connecting financial guidance to the realities of running a sustainable clinical practice. For Young Han, a BFD MBS workshop in 2019 was the catalyst for becoming a specialist medical accountant, revealing just how difficult the Medicare Benefits Schedule (MBS) can be for doctors to understand and apply with confidence. She saw that when clinicians are supported to utilise MBS appropriately, it can strengthen the sustainability of their practice and give them more capacity to focus on being the doctors they set out to become.
For many doctors, increasing business costs, administrative demands and concerns about compliance can create additional pressure on already demanding careers. While clinicians are focused on delivering high-quality patient care, understanding the complexities of MBS billing has become an important part of maintaining a sustainable practice.
Young’s approach helps doctors understand how to work within the MBS framework in language that is practical and accessible. By improving their understanding of MBS requirements, practitioners can strengthen cash flow, reduce uncertainty and build greater confidence in their billing processes, allowing them to focus more effectively on patient care. Her accounting background also enables her to bridge the gap between clients and the ATO, providing clarification where needed and reinforcing the practical lesson that, across both tax and medical billing compliance, good documentation is essential.
She describes her role as being a trusted adviser who helps medical professionals navigate complex business decisions and connect with the right experts, whether that’s legal, financial or technology support so they can be the clinician they thrive to be.
Beyond individual practices, Young believes accurate MBS utilisation benefits the broader healthcare system. Better data helps inform policy, funding and community health priorities, while stronger primary care can reduce pressure on hospitals and improve patient outcomes.
Ultimately, she sees MBS education and business advisory support as a pathway to career longevity, helping doctors spend less time worrying about the business of medicine and more time focused on their patients.
To learn more about how Young and the team at RSM can support medical professionals, get in touch with the team HERE.
Interested in MBS Education for yourself or your practice staff? BFD’s MBS Education for General Practice workshops run regularly across Australia throughout the year, see the calendar HERE to register.
