Medical Billing Forum
Starting a Medical Billing Business => Starting Your Own Medical Billing Business => : Julie Walker May 06, 2013, 03:36:04 PM
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Hello - I've been doing medical billing for a few years now, and typically charge 6-9% of collections. I now have the opportunity to bid on surgical billing and I'm not sure how to price it. I've heard this is done at a lower % rate, because the payment amount per claim is much higher. I've also heard there's a lot more work that goes into getting surgical claims paid correctly! So I'd like to find out what the industry standard is for sugical billing. Any input is welcome!
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I don't think there would be an industry standard % on surgical practices. I'd say you have to do a full analysis of the practice, yes there is MUCH more work involved with a surgical client and I don't do % based charges and especially wouldn't do it for a surgeon. If you want to be reimbursed for your time I would suggest a full analysis of the practice and then a proposal based on flat fee which I would derive from an hourly expected rate. JMHO
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ok, thanks so much for your input. I may float the idea of a fixed fee model to this client. He (and most other prospects) have expressed interest in the % model, as they feel we have more skin in the game to get them paid well. We'll see - thanks again for your quick feedback!