Starting a Medical Billing Business > Starting Your Own Medical Billing Business

starting billing for a new provider

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MBP:
looking at billing as at a continuous cycle, how easy is it to start billing for a new provider and "catch up" with all outstanding balances and awaiting claims? do i just get an AR from the provider and start sending claims where they were left of?

Pay_My_Claims:
Erika, it is not different than if you worked in their office. Yes, if you are doing AR (cash recovery as well) you would work the back log. I personally don't include cash recovery with a new client. It is TOTALLY separate as it includes much tedious work. If a client would like that also, it is a flat fee and payable up front, otherwise his office staff works on the back-log while i work future billings.

melissa_2004:
Great advice.  I have a provider with over a year of back log.  I am charging a separate fee but will definitely look at a flat rate going forward to keep it clean.

Melissa

MBP:
thank you for the advice!

Pay_My_Claims:

--- Quote from: Mainstream Services Inc. on November 04, 2009, 02:07:10 PM ---Great advice.  I have a provider with over a year of back log.  I am charging a separate fee but will definitely look at a flat rate going forward to keep it clean.

Melissa

--- End quote ---

Yes, that is called "cash recovery". It is something that is not included in my Full Practice Management package. It is a stand alone service. Now I do have a client that just started billing DME and they have low volume, so I took on those cases because I knew the denial was simple and easy to fix. I also don't do % billing. I charge according to specialty, volume and time to encompass my worth. It balances out very well from my point. Also one advantage is that I have a consistent monthly expected payment, and it alleviates me of dealing with claims that have not paid if I decided to terminate a provider or vice versa.

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