Medical Billing Forum
General Category => General Questions => : DavidZ December 21, 2009, 01:44:05 PM
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If you take over a practice and see that they have some uncollected claims, what should you do?
What should you charge the practice to follow up on these claims?
Should you charge for evaluation , if yes how much?
Thanks,
David
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when i start, i do that from day 1 forward, anything else is AR recovery and a separate stand alone charge
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For me, it depends on how many claims. If it is only a couple (very few compared to current billing) I will slip them thru. Otherwise it is cleanup and handled separately.
Michele
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It is more then a few over 25%.
What should be charged?
Happy Holidays to All and All the Best for 2010!
David
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its hard to tell you what to charge. I charge my worth and factor in the age of the claims, the specialty and the time it would take to pursue payment.
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Charlene's right. You will have to take some things into consideration. How old? Will they likely get paid? Timely filing issues? If it is just a matter of simply resubmitting and most will be paid, it's not too bad, but if more likely, several will be denied, then that is different.
Michele
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Exactly Michelle, you have to go behind someone else's work which is difficult in itself. AR Recovery isn't an easy task. It takes up a lot of your time and you should be compensated for it. The claims processing (new claims) is much easier. You should take on a specialty that you know, so billing it wouldn't be a problem. Also I advise any newbie or anyone with no billing experience to not embarq upon this task on specialties they don't know.
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Thanks
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It depends on your contract. If you have a start date by date of service (recommended) anything prior would need to fall under a separate contract. I have a separate contract drawn up and we usually agree on a higher fee for A/R recovery based on how old the claims are as previous posters have said. No percentage allowed here in NY and besides that I still use a monthly fee this way I get paid for the work I do regardless of what gets paid or not.
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Thank you again, will add that to the contract.