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

starting billing for a new provider

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PMRNC:
I agree with Charlene on this one. In addition I work the backlog but I am sure to keep current first. The backlog work goes secondary, keeping current keeps the cash-flow coming in. For example if you have backlog of lets say 6 months, you get current out first, then go back and bill the backlog. But A/R Recovery should be separate if you are taking on a new clients current billing as well. I take it one step further and provide a separate contract for the backlog.

Pay_My_Claims:
I may have to do that as well Linda. Currently it is added as an addendum to my current contract. If they don't have that I just have them initial it and enter n/a

melissa_2004:
Great advice as usual!  I didn't think of a separate contract for backlog items (recovery).  I have it like Charlene referenced in my contract as well. 

gderilus:
If you're doing a cash recovery and full practice management, can you just charge the provider a higher fee for everything or cash recovery should be completely separate.

Pay_My_Claims:

--- Quote from: gderilus on November 06, 2009, 08:48:14 PM ---If you're doing a cash recovery and full practice management, can you just charge the provider a higher fee for everything or cash recovery should be completely separate.

--- End quote ---

separate. what happens if they cancel your services??? You have incorporated the cost of cash recovery into % billing at instead of 8% you do 10%. What if you don't recover the old billings? you work and get no money. If you do a flat fee rate per month...how long do you charge that. I think giving them a flat fee for the back log, and a flat rate or % charge for your new billings is the BEST way to go.

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