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

What should you charge your client?

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williamportor:
I'm about to make the jump to Physican billing. May I ask, what should a medical biller charge for billing services for physicians?

Sriram_Sub:
It depends on what specialty you will be working on and what tasks are included in your billing service and in what volume are they expected to be. Based on this, you may derive the total time that you would be spending for accomplishing those tasks. This groundwork will give you an idea how much you should charge for the billing services. Without these info, it is very difficult to quote a number.

williamportor:
OK, let us assume about 150-200 claims (dates of service) per month. $ volume at about 15K, follow up on unpaid claims, w/ resubmits when necessary. About 10-20 hrs. per week.

PMRNC:
Hate nickpicking..but you don't mention how you want to charge. There's just a lot more that goes into pricing fees.
I prefer the flat fee model which I base on what I want to make per hour. Generally that hourly rate varies by area, experience, etc.  If you are doing a %, then I recommend getting a a few more reports to do a full practice analysis along with the costs associated with that client.

williamportor:
OK, let us assume I want a flat rate as I think you folks said a % system is not the best. What type of flat rate should I charge? This will be my first MD (I've been doing Chiro and mental health billing). Any ideas?

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