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

What should you charge your client?

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PMRNC:

--- Quote ---As for the $15 per hour, that is fairly cheap.  It doesn't really allow for the expenses of running your business.  That is just my opinion, not meant to offend kristin.  If I went to work in a medical office where they covered overhead (rent, utilities) and provided me with a computer/software, and paid the employer's portion of my taxes, then $15 would be ok, but when you are self employed you must consider other expenses.
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I agree with Michele, and if you want a higher hourly rate but you would rather not have that dangling to the provider.. don't tell them. Create your flat fee for the month based on what you feel your worth, even if you charged $20-25 an hour they are saving money, there's more money involved keeping an employee on staff and in house than not. For example, If you have a client that you come up with $2850  as a flat fee, you can base that on any hourly rate you want and the client does not need to know that.  Your only explanation, contractually and ethically is that your fee is derived of costs and time, PERIOD.

kristin:
No offense taken, Michele! My price is not based on running a business from my home, I think that is the biggest difference. I do lots of remote billing from home, and $15 is the most I charge any doctor, because I have no overhead/expenses. My laptop is paid for already, software is all cloud-based with the providers...heck, I don't even use a printer. Now, if I was running a business, or had expenses, $15 wouldn't cut it, not at all.

Michele:

--- Quote from: kristin on June 09, 2014, 09:43:39 PM ---No offense taken, Michele! My price is not based on running a business from my home, I think that is the biggest difference. I do lots of remote billing from home, and $15 is the most I charge any doctor, because I have no overhead/expenses. My laptop is paid for already, software is all cloud-based with the providers...heck, I don't even use a printer. Now, if I was running a business, or had expenses, $15 wouldn't cut it, not at all.

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Not sure what area you live in but $15 might still be low for what you are doing.  They are getting your expertise which is worth a lot!  But if it's working for you that's all that matters.  You obviously are getting a lot of other benefits as well.   :)

williamportor:
Thank You for the input everyone, you folks have given me a lot to consider. Since my state has no problem with percentage billing, I'm thinking my original 7-8% fee is not a bad idea. In the meantime, I'd better get the headset back on my skull, and keep cold calling. ;D

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