Quote from Billing/Coding section:

'Notice of Full Disclosure: I am IT and software development for a billing center.

Let's be clear about something: Hiring a billing center to do your billing is nothing short of outsourcing. And outsourcing is about one thing: money.

The question is does your current billing center save you money?

1. How much are you paying your employees now?

2. How much does a billing center charge?

3. What are your current collection rates through the patient statement?

For example, let's say your are a single provider podiatry clinic and you have four people working on your staff. You have the office manager, the front desk clerk, the assistant, and the biller. The biller probably costs you at least $20,000 per year in salary alone. Plus, you have the billing software you have to pay for. A billing center that collects 94% of all money billed out for you through the patient statement and charges you 8% is going to beat having your billing in-house hand-over-fist no questions asked.

The question then, is finding a billing center that is that good.

Other things to consider:

1. Does your billing center offer a termination clause whereby either one of you can terminate the relationship with a three day written notice?

2. Does your billing center guarantee that you will get your data in an easy format, such as CSV, should the relationship terminate for free?

3. Does the billing center provide monthly reports along with their invoice to show you where things are and how things are going?

4. Does the billing center provide you with access to your data?

All things to consider.

JamesNT


Edited by JamesNT (Today at 12:03 PM)
_________________________
James Summerlin
Information Systems and Software Development
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end quote

Walter, solo CIO
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