Author Topic: Hourly Rates for Projects  (Read 2175 times)

jcbilling

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Hourly Rates for Projects
« on: October 29, 2010, 08:27:18 PM »
Hi there,

I was approached by a client who needs a special project done that will take several hours. Just curious if anyone has charged by the hour, what did you charge?

I'm thinking between $35-45, anyone have suggestions?

Thanks,
Charity

PMRNC

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Re: Hourly Rates for Projects
« Reply #1 on: October 30, 2010, 10:02:30 AM »
What's the project?
Linda Walker
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jcbilling

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Re: Hourly Rates for Projects
« Reply #2 on: October 30, 2010, 05:47:08 PM »
The practice is adding a main location and keeping two additional locations. They would like for us to contact all the insurance companies they participate with and notify them of the changes and make sure their records reflect the correct addresses. I know with Medicare and possibly a few others it will include some paperwork, but most of it will be time spent on the phone.


Michele

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Re: Hourly Rates for Projects
« Reply #3 on: November 02, 2010, 06:57:38 AM »
I personally would find out how many insurance companies.  If it didn't involve a tax id/ein change and it is just adding locations, I would either give them a per carrier fee, or a total project fee.  Many times I find that if you quote them an hourly rate of over what they pay someone in the office, they feel that you overpriced.  As we know they are getting someone experienced, and with different work ethics than an hourly employee, (not meaning anything against the hourly employee!!).  When you do a project like this, you are concentrating solely on this task, so your time is focused.  Hourly in  house employees have other things going on at the same time that they have to take care of and they usually cannot focus solely on the task.  They also may not have experience in dealing with insurance carriers on adding locations. 

Michele
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jcbilling

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Re: Hourly Rates for Projects
« Reply #4 on: November 02, 2010, 09:44:28 PM »
Thanks Michele -

I quoted them an hourly rate before reading your post and rec'vd positive feedback on it - so I think we'll get the project.

~ Charity

Michele

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Re: Hourly Rates for Projects
« Reply #5 on: November 03, 2010, 07:16:22 AM »
Great!  ;D
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Meli

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  • Melissa Turner
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Re: Hourly Rates for Projects
« Reply #6 on: November 16, 2010, 03:01:00 PM »
I was just contacted by a clinic that has AR clean up they need done from 2008-2009.  They have a billing service they use but this old AR is prior to them going with that service.  I'm wondering why their current service did not take on the old AR (unless they just don't do it) and if I should.  This is a clean up project.  Any thoughts?
 
Melissa Turner, CPMB
Mainstream Services Inc.
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Michele

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Re: Hourly Rates for Projects
« Reply #7 on: November 16, 2010, 06:48:05 PM »
Sounds like the current billing service may have turned it down.  Either they just don't do clean up or they didn't think it was a good idea (not collectible).  I would think that not much from that long ago would be able to get paid so if you decide to take it on I would make sure you are reimbursed for your time, not based on what you collect.  I just advised a dr that I could not do anything with his 2008 claims that are out.  I started his billing a couple months ago and I know that nothing was done from 2008 until now, so I don't have any grounds for appeal.  Most carriers require some action within a time period to have any grounds for appeal.

Michele
 
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Meli

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Re: Hourly Rates for Projects
« Reply #8 on: November 16, 2010, 07:46:00 PM »
Thanks Michele, I agree about 2008.  Unless there is a silver lining there I won't attempt those.  Some of 2009 should still be viable depending on the carrier, if the claims were previously submitted and their filing deadline, etc.
Melissa Turner, CPMB
Mainstream Services Inc.
www.msmbinc.com

Meli

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Re: Hourly Rates for Projects
« Reply #9 on: November 17, 2010, 04:00:30 PM »
The meeting today went well but the situation isn't pretty.  They have claims spanning from 2008 to 2009 that were billed, some incorrectly and denied, no follow up etc.  From what I could gather from our meeting there is about $300K left on the table at this point.  The billing service they just started with deemed the old AR clean up to be too time consuming and cumbersome for them to take on.  I am still thinking about if 2008 is viable at all but how do I begin to come up with a fee to take on 2009?   It will be a lot of work.
Melissa Turner, CPMB
Mainstream Services Inc.
www.msmbinc.com

PMRNC

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Re: Hourly Rates for Projects
« Reply #10 on: November 18, 2010, 05:44:19 AM »
I would use an hourly rate to collect on old accounts like this. You don't have to necessarily call it an hourly rate but you could come up with a flat fee that is based on your hourly rate. The object of course is to get paid regardless of what's collectible or not. Time=Money and if you try to bill these on a percentage, most likely you will lose money. Another idea might be to set a fee per account balance.
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com