Author Topic: Fees  (Read 9292 times)

jcbilling

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Re: Fees
« Reply #30 on: October 26, 2009, 09:22:22 PM »
As always..thanks for all the helpful insight!


MBP

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Re: Fees
« Reply #31 on: October 27, 2009, 08:44:08 AM »
Charlene, Linda, thank you both for your insights, great info and advice!!!

Pay_My_Claims

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Re: Fees
« Reply #32 on: October 27, 2009, 11:28:31 AM »
Erika,
You are very welcome...

MBP

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Re: Fees
« Reply #33 on: November 05, 2009, 10:14:16 AM »
Linda, i read here that you are a fee-splitting guru  ;D i've been trying to find it on black and white for my provider, she was shocked to hear it was prohibited in some states and wanted me to find something about it, but all i can find is florida everywhere! :) i live in ohio and work in michigan, is there a list of states that prohibit fee splitting anywhere online?

Pay_My_Claims

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Re: Fees
« Reply #34 on: November 05, 2009, 12:32:24 PM »
Linda, i read here that you are a fee-splitting guru  ;D i've been trying to find it on black and white for my provider, she was shocked to hear it was prohibited in some states and wanted me to find something about it, but all i can find is florida everywhere! :) i live in ohio and work in michigan, is there a list of states that prohibit fee splitting anywhere online?

Oh yes she is the GURU!! look in the archives and all of our "discussions" on this topic..LOL
She is one of the reasons that I know do simply FLAT FEE BILLING!!

PMRNC

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Re: Fees
« Reply #35 on: November 05, 2009, 03:33:54 PM »
In our subscriber area we have several resources on this subject along with case summaries and legal verbiage. The states that are clear are NY & Florida, and some states it's prohibited to bill a % for Medicaid. Illinois was one of the states with a prohibition but it was recently overturned.
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

dfranklin

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Re: Fees
« Reply #36 on: November 15, 2009, 07:03:15 AM »
I am very interested in charging a flat monthly fee going forward. Does anyone have a sample agreement they could send me so I can see how to word it for a flat monthly fee?  Particularly one that has a sliding scale option in the agreement?

I would greatly appreciate it!
 ;D
Thanks!

Pay_My_Claims

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Re: Fees
« Reply #37 on: November 15, 2009, 06:02:23 PM »
I am very interested in charging a flat monthly fee going forward. Does anyone have a sample agreement they could send me so I can see how to word it for a flat monthly fee?  Particularly one that has a sliding scale option in the agreement?

I would greatly appreciate it!
 ;D
Thanks!

who did your original contract??? The problem with others showing you their contract is, maybe like me, they may have paid a lawyer do one for them and someone gets a copy of it for free. There are plenty of "sample" contracts online. A contract is simply what you want to say put in legal terms.

dfranklin

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Re: Fees
« Reply #38 on: November 15, 2009, 08:53:01 PM »
I understand, They don't even have to give me the whole contract...just the wording they used for the flat monthly part.  I actually paid $20k to be part of a group that provided me with contracts etc that were professionally prepared but none had "monthly fee" in there only per fee and percentage.  So I did pay a lot of money for what I have but would love to see how I can modify my current contracts that I already have to include the flat monthly since this is a new and growing way to charge the providers.

PMRNC

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Re: Fees
« Reply #39 on: November 16, 2009, 06:15:23 AM »
All your doing is replacing under "payment' within your contract the % with the flat fee. Depending on how you have this setup you might revise the "terms" section as well:

for example:
--------------------------------------------
In consideration for the services rendered by BILLING CENTER, CLIENT agrees to pay the BILLING CENTER the following fees:

All Setup fees are non-refundable and required prior to the commencement of services performed, including the setting up of CLIENTís accounts. The standard Setup fee includes setting up CLIENT and practice into BILLING CENTERís database and with clearinghouse.

The standard Setup fee is $<<Insert Amount>> plus an additional $<<insert Amount>> per patient for setup in BILLING CENTERís database. The $<<Insert Amount>> per patient fee is for each and every new patient that must be entered into BILLING CENTERís database on an ongoing basis.

Fees for services rendered, as outlined within this Agreement, are invoiced at a flat rate of <<Insert Amount>> monthly.

-----------------

Another thing you can do is simply attach a separate fee schedule as an exhibit with all charges, and word your contract like this:

---------------

Rate of Payment for Services. Client agrees to pay Billing Company for Services in accordance with the schedule contained in Exhibit B attached hereto and executed by both Client and Billing Company.

Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

Pay_My_Claims

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Re: Fees
« Reply #40 on: November 16, 2009, 07:02:24 AM »
I understand, They don't even have to give me the whole contract...just the wording they used for the flat monthly part.  I actually paid $20k to be part of a group that provided me with contracts etc that were professionally prepared but none had "monthly fee" in there only per fee and percentage.  So I did pay a lot of money for what I have but would love to see how I can modify my current contracts that I already have to include the flat monthly since this is a new and growing way to charge the providers.

20K............waaaaaaaay too much in my opinion. You must have gotten much more out of that group.

gderilus

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Re: Fees
« Reply #41 on: November 16, 2009, 05:33:19 PM »
maybe he bought a business opportunity  cause this is a lot of money for a simple contract

dfranklin

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Re: Fees
« Reply #42 on: November 16, 2009, 05:58:27 PM »
Yes, when I said to be part of a group I meant to become a licensee which included contracts, agreements, marketing etc.  And yes it still is too much money, knowing what I know now, but I probably never would have known what I know now if I hadn't. So I still feel I made a positive dececision and put me a little farther ahead of the game then I probably would have been if I hadn't.