Quote from: Michele on March 05, 2014, 12:58:33 PMWe 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.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
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.
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.
I had this question in my ind from the very beginning, but I was not sure about how this works. What all can we include in the calculating our fees? Can we include all the payments coming to the providers office, no matter what is the source?We will definitely include:Payment from Insurance companiesPayment from patients that we called for collectionsBut can we include:Co-pays or Deductibles that patient pays during the office visitCapitation payments (becoz we don't have to follow up on them)Please advice.. I don't want to sound unjust to the clients
Now can I include everything the doctors collects, except self pay patients. Just confirming, I don't want to be unfair. Thanks Michelle.
And one more thing, do we charge the same % for capitation payments?? because we don't have to follow up on them.