The big picture:Billing company rates / percentages

[Guest guest]

Dear and Wellintom,People,including I ,will answer the question of " How much do you pay? " becasue that may be helpful to you HOwever the big picture is that one must consider a . do I want to sink my teeth into billing becasue I am interested?

vs do I turn and run or mabye vomit a t the thought WHat is that worth?b. If the EMr that someone tell s you does that billing for you- and it does not, near as I know, lick the envelopes for you ,answer the phone calls when people call, and go after endless little problems , if that costs $10,000 , how long will that take for you to pay for it if you were instead going to buy a 1,000 emr instead

Billing is not about how easy can it beIt is about your work flowWhat do you wnat? Wanna do it? wanna get every cent you have eanred rightfully?wanna go outside and play and make 200 less that month becasue you chose to value that? EITHER IS FINE. WIll it cost you 102.00 a d ay as says ?I think mine costs me 30.oo a day but I cannot do math like . YOur reimbursement/ total costs all figure in, right?

Wanna pay for a machine that will do it? IF you a re in a dead zone and have to t ake out a loan to buy the machine consider thatJust remember the big pictureThis list serv has two kinds of people on it the DO YOUR OWN BILLING WHAT ARE YOU THINKING types and the

OUTSOURCE YOUR BILLING WHAT ARE YOU THINKING types.We are all actually pretty nice but we never agree.

Yes, the EMR is really wonderful. If the

EMR (assuming you've already decided upon one) has a billing option, I

would talk to other physicians with that EMR as to how well they like the

billing component. The EMR sales rep should be able to provide references. As

the physician, you are already doing the coding. The billing component simply

copies what is already documented in the chart.

I did not do medical billing before we

opened Steve's practice here. A couple of day-long seminars (find a good

one!) goes a long ways to insure that you are correctly coding and billing.

Pratt

Office Manager

Oak Tree Internal Medicine P.C.

From: [mailto: ] On Behalf Of Wellington and

Sent: Thursday, October 09, 2008

2:57 PM

To:

Subject: Re:

Billing company rates / percentages

It seems that alot of the EMR's make it easy to do billing

as the billing and charge component are built in to the EMR. I guess

I need to dig a little deeper into what the EMR is capable of.

Wellingtom

Billing company rates / percentages

I am

trying to figure out what rate or percentage billing companies are

getting these days. I have never done this, so I am clueless. I

interviewed my first billing company today and they want 10% of

collections. I thought this was high, but they are doing it all. They

do all the billing, deal with the insurance companies on claims and

denials, send pt statements, and deal with pts on their bills. If i go

with them, I do not need any billing software in my EMR, which would

save me a few dollars. After looking at that and not having to pay for

an extra employess and benefits, I thought this might not be so bad

after all. Am I thinking wrong? I know there can be some negotiation on

the percentage.

Thanks for the help.

Wellington

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