Author Topic: New provider  (Read 2549 times)

deedee

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New provider
« on: February 26, 2012, 10:20:12 AM »
Hello All,

I know that many of you have years of experience and I wanted to get your input on putting an analysis together along with a plan for a provider. I just did an analysis for a new client his aging report and his office.  I wanted to know if anyone has a generic form that I can use when presenting the analysis to the provider? What should I include in the analysis other than the findings? What steps should I include in the plan? How long do you think it will take to take over the billing? Based on your experiences how long does it take????

Please advise,

Thank you,
Diana.

PMRNC

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Re: New provider
« Reply #1 on: February 26, 2012, 11:40:23 AM »
What kind of analysis are you doing? I usually gather enough info to determine pricing based on volume, specialty, aging and dollar amounts billed. I don't there is a generic form, though I'm sure you could use a spread sheet but again depends on what you are doing the analysis for.   As for setup, I can't really say how long, every practice is different and really depends on the health of the accounts when you take it over as well as what you come to in your contract.
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

deedee

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Re: New provider
« Reply #2 on: February 27, 2012, 12:05:45 AM »
Hi Linda,
Thank you for your reply. The physician is solo and he see about 10-15 patients a day and he's primary care. As far as the aging he has over $150,000 of over 120 days of aging for patients that needs to be worked on.  I did some consulting for him to see what his practice is lacking. Do you have an idea of what to charge an hour for consulting? I did my research and no more than $125 does that make sense to you?

Thank you,,
diana.

PMRNC

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Re: New provider
« Reply #3 on: February 27, 2012, 10:51:32 AM »
That seems high to me just to work on aging, I'm not sure I would tag that as a "consulting" fee. I usually contract my consulting for things like compliance, policies/procedures, fee negotiations, etc.   For such things as working aged accounts I tend to go more with about 1/4 of the consulting rate, for your case $30-$40 an hour would be more in line to an average, but I really can't pin point it closer for you w/out really seeing the accounts and work involved. I've taken on aged accounts where much of it was submitting claims never submitted and then I've done ones where the staff never followed up on patient balances. Oh, when I quote a fee for things like this, I never tell them the "hourly" rate. I come up with a flat monthly rate (based on my hourly rate, minus expenses). I do this because the hourly rate usually scares them away because they automatically are not looking at the big picture (no insurance, no time off, no overhead, etc)
I do the same thing for my FPM clients.  If I am asked (normally, I'm not) I will tell them the fee is calculated taking into account my time, expenses, etc. I never go into the "hourly rate". No reason to. :)
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

Medical Billing Forum

Re: New provider
« Reply #3 on: February 27, 2012, 10:51:32 AM »