Billing > Billing
Pricing Strategy
Michele:
We have not billed for that account in several years. But depending on some variables such as services you would be performing, how billing will be done, will they be entering anything, etc, I would think somewhere in the $7500-9000 per month range would be appropriate.
SnyderKristine:
Thanks RichardP and Michelle... This gives me a lot of clarity....
maxamillion125:
--- Quote from: SnyderKristine on March 05, 2014, 07:14:31 PM ---
--- Quote from: Michele on March 05, 2014, 12:58:33 PM ---We have billed for an account similar to this, internal medicine, we did all but verify benefits and appt reminders. And NO CODING. It took 1 employee full time and another employee that could handle some other stuff as well. I agree with Linda, no percentage billing. I prefer a flat monthly fee. I do not like quoting a provider an hourly fee. They do not take all of our expenses into consideration. When you quote a doctor an hourly rate they think they are paying an employee that amount per hour, not a business.
--- End quote ---
That's what I am planning to do. I will work on this account myself for full time and Will hire a part time employee. Plz don't mind me asking this, but how much flat fee did you charge this particular provider. It will make things more clear for me. A straight forward example..
Thanks in Advance Michelle
--- End quote ---
We pick up deposits from the doctors office 2-3 times a week. We add up all the patient payments and paper Insurance checks, we also print out a payment report from all the payers we have set up EFT. We turn in our invoice every 2 weeks. It might be easier to track the sum of all payments in your PM software but we have to add up all the payments anyway before we post them.
Merry:
Don't forget if you hire someone, you will have to deal with taxes etc. It is not up to you who determines whether the person is a subcontractor. The IRS determines that. If you need more info about this, just ask. I am very familiar with this.
SnyderKristine:
Hi Merry, at the moment I am not planning to hire anyone because this client is still a prospect.. I am following up on it..
More and more providers I talk with ask about certifications? So that's my major concern. I am experienced in billing, so what do you suggest..
Just can't make up my mind on what to choose. I came across three organizations offering Coding and Billing certifications.
AAPC offers CPC for coding and CPB for billing ($300 exam fee + $1595 course)
AHIMA offers CCA n CCS for coding ($299 exam)
AMBA offers CMRS for billing ($325 exam fee + $199 course fee)
AHIMA certification is clearly affordable, but is it recognized...
Any thoughts? Which one would you guys choose??
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