Medical Billing Forum
Medical Billing Forum - Get all of your billing & coding questions answered here!
Welcome,
Guest
. Please
login
or
register
.
Did you miss your
activation email
?
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
COUPON
- Get 15% off a purchase of $55 or more of your Medical Billing Resources! Coupon Code:15OFF
Click Here for the Products Page
Home
Help
Search
Login
Register
Medical Billing Forum
»
General Category
»
General Questions
(Moderators:
Alice Scott
,
Michele
) »
wording contract
« previous
next »
Print
Pages: [
1
]
Author
Topic: wording contract (Read 5012 times)
margemib
Full Member
Posts: 209
wording contract
«
on:
April 11, 2009, 11:15:59 PM »
Hi Michele,
I know you had said in one of your post about charging a flat-fee per month in NY because it is illegal to charge %.
Can you tell me how to word this?
do you charge a different amount every month accordingly?
margemib
Logged
Margie Finlay CMRS
Michele
Administrator
Hero Member
Posts: 5927
Re: wording contract
«
Reply #1 on:
April 12, 2009, 12:08:17 AM »
One example would be to say that you are 'charging a flat fee to be determined each month based on the receivables of the previous month.' You should run it by your lawyer to make sure it is ok for your state.
Michele
Logged
Sign Up for our FREE
Medical Billing Newsletter
Get a 10% discount on
Medical Billing Products
by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com
margemib
Full Member
Posts: 209
Re: wording contract
«
Reply #2 on:
April 13, 2009, 09:55:45 AM »
Thanks Michele!
Logged
Margie Finlay CMRS
PMRNC
Hero Member
Posts: 4562
Re: wording contract
«
Reply #3 on:
April 15, 2009, 11:13:50 AM »
If you are in NY or any other state where charging a percentage is considered illegal fee-splitting, I suggest getting a lawyer to help you go over the contractual verbiage of the contract. Your contract cannot be interpreted in any way to come to a percentage of collections. For example, if you work up your fees and they COULD be construed or interpreted to have come about due to collections of revenue it will still be illegal for that provider to enter into the contract. Very sticky.. Cover yourself completely.
Linda Walker
PMRNC
www.billerswebsite.com
Logged
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com
margemib
Full Member
Posts: 209
Re: wording contract
«
Reply #4 on:
April 15, 2009, 11:51:16 AM »
Thanks Linda I think I should go with per-claim in NY, thanks for the advice.
margemib
Logged
Margie Finlay CMRS
Medical Billing Forum
Re: wording contract
«
Reply #4 on:
April 15, 2009, 11:51:16 AM »
gderilus
Jr. Member
Posts: 77
Re: wording contract
«
Reply #5 on:
April 15, 2009, 12:52:49 PM »
does anyone know if it's illegal to charge a percentage in Florida
Logged
Michele
Administrator
Hero Member
Posts: 5927
Re: wording contract
«
Reply #6 on:
April 15, 2009, 02:22:43 PM »
Good advice, Linda. We had our lawyer review ours to make sure we weren't missing anything.
Michele
Logged
Sign Up for our FREE
Medical Billing Newsletter
Get a 10% discount on
Medical Billing Products
by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com
PMRNC
Hero Member
Posts: 4562
Re: wording contract
«
Reply #7 on:
April 16, 2009, 10:55:08 AM »
Quote
does anyone know if it's illegal to charge a percentage in Florida
Yes, Florida is one of the states that prohibit percentage based contracts and consider it to be "illegal fee-splitting"
Florida even has some good case samples from past court cases.
Linda Walker
PMRNC
www.billerswebsite.com
Logged
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com
Medical Billing Forum
Re: wording contract
«
Reply #7 on:
April 16, 2009, 10:55:08 AM »
Print
Pages: [
1
]
« previous
next »
Medical Billing Forum
»
General Category
»
General Questions
(Moderators:
Alice Scott
,
Michele
) »
wording contract