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
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.
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.
Quote from: williamportor on July 31, 2016, 04:25:43 PM1. 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 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
Quote from: Michele on August 01, 2016, 10:32:43 AMWilliamsportor 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.Michelle thank you for the great info...I am more and more interested in flat fee pricing however I'm curious to know more about % based. You say most % is based on net...by net are you referring to the amount collected (insurance, deduct, PR)? I'm currently working for a small billing business who charges % based on amount and I'm realizing they are having a hard time making ends meet and am second guessing if this pricing model even makes sense. Secondly, my other question is if I was to do a different type of % based pricing should I do based on billable amount or allowed amount?thank you again!Brian
1. In terms of charging Dr's a flat fee for your work despite receivables, did you experience any push back from doctors for this type of pricing? And if so how did you respond to them?
2. In terms of accessing your clients software, can you elaborate a little more? Are you talking about vpn and or virtually accessing their computers from your location? How difficult is this to do?
you'll need is to have your client set up a new username and password for you. You can then access their system and use it to submit claims just as they do. If not, contact logmein123.com set up membership (normally about $100.00/yr) and you can then log in to your clients computer
If you are a medical billing company, it's MOST advisable that you set and maintain your own login in order to be truly HIPAA compliant. Even the staff should NOT have your login credentials in order to maintain a truly compliant audit trail.
Since it is their system don't they have to set up your login? Then you would change the password? Until they do that you don't have access to the system. Just trying to make sure it's clear. Maybe I am missing something.