FAQ's
Q: Why don't you list your prices?
A: We customize our services to meet your needs. We offer many different services and recognize that you may not want or need all of them. As such there are numerous pricing variables.
Q: How do you charge for your services?
A: We charge on a percentage per claim basis, and/or a flat fee basis, depending on your preferences and practice needs. Pricing structure is established for each client in advance of service commencing.
Q: How often do you invoice us?
A: We can invoice you on a bi-weekly or monthly basis, the choice is yours.
Q: How would you receive the information needed to do my billing?
A: There are a few ways we can retrieve your information: by e-mail, fax, mail, or pick up from your office (local clients only).
Helpful Facts
"Malpractice insurance went up 47% this year, employee health insurance cost went up 19% this year and 27% in 2002. In addition, average office rent increased 6% this year (2003) and reimbursements continue to fall. Physicians need to take a hard look at how they conduct business." (Part B Newsletter Jan. 20, 2003)
"Lower reimbursements and higher employee cost have driven overhead and billing expenses to over 90% of physicians gross anual income." (Thompson Medical 09/2002)
"With insurance claims, the name of the game is maximum reimbursement. Claims must be processed quickly, and they must be accurate. If a claim form is incomplete, if one digit is wrong or one box not filled in, that payment will be delayed." (Physicians and Computers Magazine 08/1999)
"Increased regulations along with patient demands have not only led to financial constraints, but they necessitate a higher level staffing at a time of uncertain employment, and a scarcity accounts receivable experts. Thus to effectively and more importantly, efficiently manage accounts receivables may require a change in the current thought process." (Physician's News Digest 12/98)
"Average cost of an internal billing department was 13% of a practice's income comparted to 6-12% typically charged by a billing center. A collection rate for internal operations was a dismal 55% and took average of 93 days to collect." (Medical Group Management Journal 04/98)
