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

Who charges the provider per claim?

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Christy:
thank you, Michele.  ;D

mindy167:
Linda, this formula makes sense. We've looked at offering small volume providers a flat rate with a % based on collections, whichever is higher. If the flat rate is higher than the net collections, the flat rate would prevail because it meets what we have to recover in terms of costs. However, this usually means we have a high % rate because it equates to what we have to bring in the door to cover expenses. It seems like a win/win pricing model but what flaws do you see with this strategy?

We're also looking at how to best set the rate for other services like what you mentioned in your response. We've gone both ways--- value added and add on, although we have received push back from some docs on X includes it and we're at the same price point. We stay away as much as we can from those who only look at price vs. perceived value. Sometimes it is a real challenge. 

PMRNC:
I really have not seen any flaws.. I get paid what I'm worth because, again it's based off of the hourly rate I want and I don't have to disclose that. I would say it can be challenging to go this model if you are new because your really unsure of how fast you can be and account for the inexperience you don't want to base your flat fee on $50 an hour starting out.. I can see that being a drawback.   I also don't have the overhead most billing companies have. I don't pay for software, support, or clearinghouse fees.

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