How much do you charge?
I charge 6.5% of what I collect. This amount does not include what is collected "across the desk". I have seen many billing services charge a flat per claim fee. I do not feel this works for the chiropractic community, because there are so many claims denied for a multitude of reasons that quite often need appealed. I work on each claim to get the most money for my clients.
How does it work?
The way I currently have my clients set up is mainly by fax. I have certain forms the offices fill out for each patient that includes the patients demographics, the insurance carrier information with id# and group#, and insurance verification. Each day the office faxes the daysheet. The daysheet includes all of the patients with services, payments, and total charge. I bill out the claims weekly. The eob's come to the office. The office sends the eob's to me weekly. I post the payments to the patients account. After all payments are posted for the month, I bill the office the following month at 6.5% of what I collect, and it is due within two weeks.
Do I need to sign a contract?
Yes, I have a contract with my clients for one year.