Billing > Billing

Deductibles

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PMRNC:

--- Quote ---All brilliant advice.  I would like to add another reason to do flat fee.  More and more patients are getting high deductible plans.  The insurance may NEVER pay a claim because the patient never meets their deductible (I met mine once).

You still have to enter the patient date, file the claims, enter the EOB, and keep the books.  If you don't get something per claim, you will ultimately get nothing for all your work.  I even question the co-pay portion.  I applaud the patients who pay their co-pay at time of service, but what if the visit goes to the deductible?  You are STILL entering the paperwork, the fees, the payment, and keeping the books.

Go flat fee....it makes SO much more sense!
--- End quote ---

I agree it's easier, but when I did percentage I got a percentage of TOTAL practice revenue's so I didn't lose money, even if the account went to collections I got paid my portion and collection agency got their's Sure there are some accounts than never see the light of day..but your right flat fee solves that problem completely! 

Cherylwilli:
This is another good example of why this forum is so good :)  It's tough when you're solo trying to sort through this stuff. 

I agree with the reasoning for going to a flat fee.  When I realized what I do and what I'm not collecting, that prompted me to ask. 

I appreciate the candid advice--I need it.  I keep reminding myself to think like a business woman.  For all my life (until I started this business), I was always on the other end. 

Thanks everyone for the great advice.

Cheryl

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