Medical Billing Forum

General Category => General Questions => Topic started by: gderilus on October 18, 2010, 12:02:33 PM

Title: late charge fee
Post by: gderilus on October 18, 2010, 12:02:33 PM
If you charging a percentage for your services, is it ok to charge your clients an extra percentage for being late on payments. I think this would be a way to receive payments on time from the provider. Would it be ok if you have it in your contract or would that scare them away.
Title: Re: late charge fee
Post by: PMRNC on October 19, 2010, 05:51:05 AM
It's your business, so as long as you address this in your contract you can charge a late fee. You should check with your state guidelines on late fees or interest.