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

starting billing for a new provider

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gderilus:
That sounds good, I  really think charging a flat rate is best for all your hard work.

PMRNC:
Another thing to consider when working A/R Recovery is that you check your state laws. You need to watch for verbiage in your state law that would require you to be bonded to "ACT" as a collection agency. This means that even if you do NOT collect the funds, there are states that require a surety bond in order to provide certain collection / recovery services. Charging a percentage of collections for those could be construed as "acting" as collection agency/service. Even if it is legal in your state to do without a surety bond, your fees would need to be LOWER than a collection/agency and service who would also provide such services as skip tracing, credit reporting, etc. For example if XYZ collection agency charges 15% you would not be able to justify charging anymore than maybe 10%. That is another reason I like the flat/fee or hourly rate. When working old A/R without a surety bond you can't offer the other services that would up the stakes as insurance on the amounts to be collected, your blind and you could end up working mega hours and getting nothing in return.

MBP:
Linda I have started taking a course at medicalbillingcourse.com and i especially enjoy plenty of articles on their website. what a surprise it was when i saw you are the author of some of them! thank you for sharing this way, it is a fantastic source of info!!

PMRNC:
You are very welcome!  You are in Good Hands with their course! Tammy works long and hard and with such a vigorous passion like myself for this industry! It's places like this forum (Thank you Alice and Michelle) and the many other industry resources like that, that make this a great business!

Pay_My_Claims:

--- Quote from: Erika on November 09, 2009, 11:45:26 AM ---Linda I have started taking a course at medicalbillingcourse.com and i especially enjoy plenty of articles on their website. what a surprise it was when i saw you are the author of some of them! thank you for sharing this way, it is a fantastic source of info!!

--- End quote ---

She is the BOMB aint she...........gone blow up girl... ;D

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