Glad the book was helpful.
Depending on the type of practice the number of patients they have can sometimes be helpful but it is not one of the key pieces of information used in formulating a flat fee. However the number of patients seen per day and the average reimbursement per service are important. If you are calculating a flat fee you need to know how many claims you will be doing in a week or in a month. That is where the number of patients per day comes in. As for the average reimbursement, that should be taken into consideration as well. It can indicate the level of difficulty (not always but sometimes) and can give you a little insight as to what they collect. Also, as we mention in the book, we will sometimes calculate what a % would look like to see if our flat fee is in the same ballpark as the billing services that quote %. I am not suggesting that you use the % to determine your fee as % billing is illegal in many states. I'm just saying that when you are trying to determine a flat fee and you are new to it, knowing approx what they collect in a month can be helpful.