I use Quickbooks for my invoicing. I have a time management software that keeps track of my time but that is for my eyes only since I charge flat fees monthly. My flat fees are creating using a formula based on what I want to make per hour. I use my time management software to run reports to make sure I am being compensated fairly or to see if I need to re-negotiate the contract. If billing on a % than you run your report on receivables, if you are getting paid on % of ALL practice revenue, you need only run a report of the total monthly receivables, if you are billing a % on insurance payments only than you would run a report on all insurance payments.. etc. Check and see if your PM software has an integration feature to Quickbooks
Each time you have to chase down a payment or get the payment info from anyone but the provider.
I consider the above to be part of Full Practice Management or A/R Recovery Services.......if you are charging your provider 'ala carte', then...OK, I suppose you could charge him for this................personally,I never would.....Just figure the above into your Flay Monthly fee!!
Just figure the above into your Flay Monthly fee!!
Quote Each time you have to chase down a payment or get the payment info from anyone but the provider.I consider the above to be part of Full Practice Management or A/R Recovery Services.......if you are charging your provider 'ala carte', then...OK, I suppose you could charge him for this................personally,I never would.....Just figure the above into your Flay Monthly fee!!
Please tell us more about your time management software. I think you said it was ACT-?
QuotePlease tell us more about your time management software. I think you said it was ACT-?I use ACT by Sage, like PM software I can create several separate databases. I have one for each client and then I also have another database for my marketing and any/all leadsI can attach documents, track time, opportunities, notes and emails BY provider. I also use it to keep organized all my interactions with each client, daysheets/superbills are all scanned and kept in the documents area of each client. You can password protect each database and the whole program as well. I can send and receive emails right from each client and both sent and received stay neatly in the file of each client or lead. I can also produce letters, invite to conference call, schedule meetings. I've been using Act for YEARS and through the years they have gotten better. Some really powerful features and it's VERY easy to learn. You can check them out a www.act.com I can't live without this program!
I'm using the ACT Pro 2011 Version. They do have a few, because I have two businesses that somehow integrate I like the pro version for it's ability to separate and sub-separate. In other words, for my group practice's with my practice management, I have ONE group setup and each doctor within that group. For my web design/hosting company I can setup different tasks for each domain and by each company. For my consulting clients I can do the same and every document I create such as Policies & Procedures, office/financial policies, Audit's etc I can keep RIGHT there in one spot. I also use it to keep track of PMRNC members, retain emails, receipts, renewal's, and provider inquiries that come in for reference from our listing companies. I even keep a separate database of all providers who request some referrals to billing companies and billers who want me to keep their resume's on file. Some call me a little too organized But whenever someone needs something they usually come to me and I find it fast.