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

How to invoice based on % for some of a practice's claims

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Sriram_Sub:
Thank you, Michele!

RichardP:

--- Quote from: DrHayser on September 28, 2016, 09:29:24 AM ---I know there are people out there billing percentages of only what is paid, so I am hoping this finds their attention.
--- End quote ---

I'm not trying to be difficult here, but your original post made it sound like you were already submitting invoices in situations where you had to charge a percentage of what was paid, and you had no way of verifying what was paid.

Everyone here is saying the same thing, although maybe in different ways.  There is no way to bill a percentage if you have no reliable information on what was paid.  Plus, how do you contest a denial, or provide additonal information requested on a denial, if you have no idea what happens to your claim once you submit it?

The effort involved in tracking payment on the claims you submit is time you are spending on that client's business.  Your time is worth a certain dollar amount - and it can quickly cost you more to do this type of billing than you are being paid (assuming you guess at an amount to charge a percentage of).

I know the cliche about doctors being lousy business people (and I've had experience with that), but I can't imagine any client expecting you to charge a percentage of an amount that you have no knowledge of.

PMRNC:
Does your contract state responsibility in regards to providing you with practice reports? If not you need to modify your contract to be exact in how you are charging clients and how you will rectify monthly collections. I echo what everyone else here has said, without proper access to the proper reports and which also depends on how payments are posted, your operating blind here.

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