In my opinion that rate sounds really low, even for a beginner if you have experience. I suggest you have a separate contract for her old 2009 billing as opposed to the current billing you will do. (Learned that from Charlene and Linda) Are you doing full service billing? (patient statements, posting payments, appeal for denials etc.) If so, you really need to figure in the cost or your time as you will spend quite a bit of it on old billing. I would also suggest handling the current billing first and working on blocks of old billing secondary. You have to keep the cashflow moving. Look at the carriers for the old claims. One of my clients had a contract with a timely filing deadline of 6 months vs. 12 months so half the year for a particular carrier may be past the deadline. Check the contracts first and you can begin to organize your process from there.
so i just got a phone call that my first client ever, the one i have been doing a cash recovery for (for the past 3 weeks) had a massive heart attack and her brother has already cleared her clinic and wants to close it. she is in the critical condition.. well, that's not a good start. i also havent got paid and i am not finished.. so i dont even know if i should keep working on it or wait to see what i find out.. how terrible! and i know what is coming, you guys (probably linda ) will ask about the contract, there is a contract, but it doesnt include a catastrophic situation like this. i tried to think of everything what could possibly happen, but who would have thought of this??
thanks Charlene. i just hope she gets better, i wanted to call her yesterday but didnt have time and now i may not ever talk to her again. im sure it will all work out with billing and my payment, it is just that she is my very first doctor who gave me my very first opportunity with my business.