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

Questions from a Newbie

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bpark73:
I have 2 questions in regards to a billing business...

1. Charge by gross or net? For those of you who have a med billing business, I'm interested in hearing how many of you charge your clients a % by billed amount/allowed amount(gross) OR paid amount (net)? I understand that this can vary from business to business.

2. Which billing software do you think is the best....Kareo, Medisoft or Dr. Chrono? ...and why? Also if there is something better out there I'd love to know.

Thank you for this wonderfully helpful forum....don't know what I would do without you guys!

Brian

williamportor:
1. I charge a flat monthly fee based on the "package" of services the client requires. i.e. claims submission, posting of payments, mailed invoices to customers etc.

2. If possible, I try to use the clients existing practice management software to submit claims. This can be done by logmein123.com or in the case of office ally simply setting up a new username and password. This cuts down on data entry work. If this is not possible, I use office ally. 

Best of Luck  :)

Michele:
Williamsportor is correct in saying that a flat monthly fee is a great option.  In some states % billing is considered fee splitting.  If you still choose to bill % most base it off of net.

As for software, again good advice.  If they have a software it may be best to use theirs.  If you are purchasing your own, I am not a fan of Medisoft.  But I do like Lytec.  Been using it for over 20 years.  If you are interested in Lytec, we use reseller SMG Systems from Long Island.  We don't get anything from them for referring people, we just like them.  But mention that you heard about them from our forum.  They will treat you good.

I have never heard of Dr Chrono and I've never used Kareo.

PMRNC:
I also don't charge a % as in NY physicians can't sign a contract that represents a fee-splitting arrangement. I charge flat fee based on hourly rate + costs and sliding scale. Works great because I get paid for all of my work regardless of the receivables.

I don't maintain software or costs at all. I access my clients system. My personal preference is Kareo as it has some really rich and powerful features. I don't recommend them however if you've never worked on other PM systems, or have no experience. 

bpark73:

--- Quote from: williamportor on July 31, 2016, 04:25:43 PM ---1. I charge a flat monthly fee based on the "package" of services the client requires. i.e. claims submission, posting of payments, mailed invoices to customers etc.

2. If possible, I try to use the clients existing practice management software to submit claims. This can be done by logmein123.com or in the case of office ally simply setting up a new username and password. This cuts down on data entry work. If this is not possible, I use office ally. 

Best of Luck  :)

--- End quote ---

William great info! Would you mind elaborating a bit more on using existing client software via logmein123?

Essentially are you talking about vpn? ...or virtually logging in to a client's computer and using their pre-existing software to submit claims?

I"m a newbie to the billing industry so any detailed info would be greatly appreciated and thank you for your time!

Brian

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