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

Medical Biller Fees

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PMRNC:
The very first question to ask and answer is from you and sets the formula.  "What do I want to make?"  Now of course someone with little or no experience should be starting out with an entry level number.  Once that question is answered by you. Then you figure out costs, examine the individual practice/numbers.

blhoffman:
Thanks. I guess it is just a little scary because I don't want to price too high and price myself out of a job. I also don't want to price to low and regret it later after the contract is signed. Of course this is all future what if's, but I'm trying to be educated.  ???

PMRNC:
I know it's the nature of the beast to be "competitive" when you first start out, but honestly and realistically that's not the case. I don't get into bidding wars nor do I negotiate rates with potential clients. If they come back at me with "So and So is only charging $XX.  I don't haggle because they are obviously shopping. I set my fees based on my experience, education and it always benefits the provider. I might not be as cheap as the competition but I'm not here to be cheaper than the competition. I offer quality and value driven services w/professional fees.

Pay_My_Claims:

--- Quote from: PMRNC on April 13, 2010, 11:26:11 AM ---I know it's the nature of the beast to be "competitive" when you first start out, but honestly and realistically that's not the case. I don't get into bidding wars nor do I negotiate rates with potential clients. If they come back at me with "So and So is only charging $XX.  I don't haggle because they are obviously shopping. I set my fees based on my experience, education and it always benefits the provider. I might not be as cheap as the competition but I'm not here to be cheaper than the competition. I offer quality and value driven services w/professional fees.

--- End quote ---

AMEN AMEN AMEN..........DID I SAY AMEN!! Newbies please adhere to this. Providers know there are "hungry" billers out there looking to bill from home, and some are very wise to this. They will low ball you and because we really want to get our "first" client, we may take a client on for too low of a fee. Never underestimate or undersell yourself. Its ok to be competitive, but also don't be afraid to let your provider know......sometimes paying less GETS YOU LESS!!

Michele:
When a provider tells us that so and so charges less, we say "you get what you pay for, we don't charge xx because we provide yy service".

Michele

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