Texascoder64
Guru
Want to get some input from Billing/Coding Managers of private physician group practices that are familiar with bonus structures based on productivity, exceeding base goals.
What is considered common practice for billing managers to receive as a bonus (ie. monthly, quarterly). I was thinking to take the average collections for the previous year to come up with an average monthly amount, then ask for a percentage of anything over that. I have PA's getting quarterly bonuses based on collections (in addition to their salary), but I am the one making sure that money is collected, so I feel I am due the collections bonus, not the PA.
Ideas are greatly appreciated and feel free to privately message.
What is considered common practice for billing managers to receive as a bonus (ie. monthly, quarterly). I was thinking to take the average collections for the previous year to come up with an average monthly amount, then ask for a percentage of anything over that. I have PA's getting quarterly bonuses based on collections (in addition to their salary), but I am the one making sure that money is collected, so I feel I am due the collections bonus, not the PA.
Ideas are greatly appreciated and feel free to privately message.