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Billing Fee

  1. Question Billing Fee
    Medical Coding Books
    Hello,
    I was asked by a DPM to do his billing for his private practice and he asked what percentage would I accept? Could someone please let me know what a fair percentage would be to charge him for the services? He quoted 5% and I felt that was fair but I don't want to short change myself. Any suggestions?

    Thanks
    Tamika Cornick, CPC
    Coding and Compliance Specialist
    Tamikac6@hotmail.com

  2. #2
    Smile Billing
    Quote Originally Posted by tcornick View Post
    Hello,
    I was asked by a DPM to do his billing for his private practice and he asked what percentage would I accept? Could someone please let me know what a fair percentage would be to charge him for the services? He quoted 5% and I felt that was fair but I don't want to short change myself. Any suggestions?

    Thanks


    Tamika,

    First check out his A/R reports and see what his average in charges and collections are monthly. You can charge a flat fee of $500.00 monthly just to post charges/payments and then 5%-7% collection fee (which means if you collect or pymts of $30,000 come in monthly) you would be receiving add'l $1,500 -$2,100 monthly. This way you will not short change yourself and you will feel motivated to do the job.
    Yolanda T. Haskins CPC, CRC, OHCC, AAPC Fellow
    Past AAPCCA Board of Directors 2014 - 2017


    Alexandria, VA Chapter

    ~ Practice Kindness ~

  3. Default
    Thanks so much! I will definitely start there. This is pretty premature and I don't believe he is bringing in much but I will definitely look into it.
    Tamika Cornick, CPC
    Coding and Compliance Specialist
    Tamikac6@hotmail.com

  4. #4
    Thumbs up
    Quote Originally Posted by tcornick View Post
    Thanks so much! I will definitely start there. This is pretty premature and I don't believe he is bringing in much but I will definitely look into it.
    You are so welcome and GOOD LUCK on your first Client....
    Yolanda T. Haskins CPC, CRC, OHCC, AAPC Fellow
    Past AAPCCA Board of Directors 2014 - 2017


    Alexandria, VA Chapter

    ~ Practice Kindness ~

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