Author Topic: Monthly  (Read 2228 times)

margemib

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Monthly
« on: March 19, 2010, 12:47:07 PM »
Hi Michele,
When you charge a provider a Flat rate do you charge at the beginning of every month or the end.
margemib ???
Margie Finlay CMRS

Pay_My_Claims

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Re: Monthly
« Reply #1 on: March 19, 2010, 01:16:51 PM »
I personally charge at the first of the month. There is a 5% late fee after the 5th, and if not paid by the 10th, services are suspended on the 11th until payment is made.

margemib

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Re: Monthly
« Reply #2 on: March 19, 2010, 02:51:36 PM »
Thanks Charlene!
Margie Finlay CMRS

Pay_My_Claims

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Re: Monthly
« Reply #3 on: March 19, 2010, 06:39:32 PM »
You are welcome Marge. Make sure you stipulate how you invoice, and penalize in your contract. As I know it is a struggle for many new billers who are trying to get that first client and are afraid of losing them, but if a provider is going to pay, they will pay. If you cut them off after a month, they know you are serious. Allowing them to go month after month, shows weakness. They will NEVER pay on time. This is why I try to (didn't on my last one) get a start up fee. If they don't pay, they got a month of billing done, i have some money to show for it until I can get it from them. Waiting 90 days for payment isn't acceptable for me.

margemib

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Re: Monthly
« Reply #4 on: March 20, 2010, 11:06:49 AM »
Great Advice Charlene!
Margie Finlay CMRS

Michele

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Re: Monthly
« Reply #5 on: March 22, 2010, 06:57:07 AM »
Great advice Charlene.  Unfortunately there are many providers out there that take advantage of their billing service.  Ironic since they wouldn't have any receivables without them!  It is important to have a good policy on non payment in place and strictly enforce it.  If it's not obvious, I'm speaking from experience.   >:(

Michele
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Pay_My_Claims

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Re: Monthly
« Reply #6 on: March 22, 2010, 07:19:18 AM »
I know, I am going through it now with one client. I changed my invoice date for her to the 15th, therefore instead of owing one amount, she owed a different amount, because I had to prorate the fee. I invoice the on the first of a full month after billing. EX if you start on the 15th of jan, your first bill is due March 1. If your rate is 1500 per month, then your first invoice will be 2250.  I started her on the 28th of jan, and invoiced her march 1st. she stated she pays everything (employees) on the 15th, which is good, but has nothing to do with me I explained to her. However I stated if she wanted to pay on that day, i would make an adjustment for her, but her balance at that point would be prorated for 2 wks, and he new balance would be $$$. He eyes bugged out. As I am not an employee of yours, I can not run to the labor board for failure to pay. I get paid for the services I perform or I cut you off like Duke Power....no MERCY!! Trust me, when you do a good job (as I do for her), she don't want to lose revenue. She went over 4 months with her billing out of wack until I took over.

I agree that providers do take advantage of billing services, thats why you must stand your ground. In reality they don't take advantage of us, we roll over and allow them to screw us. If they don't pay CUT THEM OFF!! When we as billing services represent ourselves as professionals, and not the sterotypical "home biller" as most play us to be, we will gain our respect back. When we stop allowing fly by night billers to DESTROY the industry and the reputation of this business, we will get our respect back. As much as I need the money from one of my clients, I had to put my foot down because she was trying to run my business. It is my fee, my schedule, my invoice. If you don't like the price, go elsewhere and get screwed over. I even got emails from her LME, that my billing was GREAT!! She had so many problems before. They even stated they would refer me out to other mental health practices that needed assistance.

YaY Me!!

Alice Scott

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Re: Monthly
« Reply #7 on: March 23, 2010, 06:33:37 AM »
Thanks Charlene for the good advice.  I'm going to use some of your suggestions.  We tend to let our providers go too long without paying us.  It is amazing how much help we can be to each other.
Alice
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Pay_My_Claims

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Re: Monthly
« Reply #8 on: March 23, 2010, 12:48:58 PM »
Thanks Charlene for the good advice.  I'm going to use some of your suggestions.  We tend to let our providers go too long without paying us.  It is amazing how much help we can be to each other.
Alice

Thanks bunches Alice...as I may need your help soon..just landed a chiro MD.

MBP

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Re: Monthly
« Reply #9 on: March 23, 2010, 02:48:41 PM »
congrats! :)

Meli

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Re: Monthly
« Reply #10 on: March 23, 2010, 03:24:53 PM »
Great advice and congratulations Charlene!
Melissa Turner, CPMB
Mainstream Services Inc.
www.msmbinc.com

Pay_My_Claims

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Re: Monthly
« Reply #11 on: March 24, 2010, 03:12:11 PM »
Great advice and congratulations Charlene!



Thanks!!!