There is a plethora of EHR+Billing systems designed for the solo-practice. At under $100 per provider per month, the price is right. What is not right is the thinking that the lower cost will result in improved earnings. Almost always, collections will worsen - for three reasons:
1) You will make more billing mistakes. It's inevitable. Most of your claims will go smoothly, but the few that don't will become casualties...because timely-filing rules will kick in...or, you'll just throw up your hands.
2) A novice biller will not know all the little tricks to improving collections. These kind of losses will be below your radar, and could continue for many years.
3) Promotion of the practice will be compromised by the time spent on billing and collecting. Every hour you are working on the billing is an hour that you could have been networking and promoting your practice.
A better solution for building a lucrative solo-practice is to let our Billing Specialists handle your insurance processing and family billing. Our fees are low, because we're going to ask you to help us with a few things:
1) Help us capture the intake and session data...for example, by importing from an EHR system.
2) Use our Message Center, rather than the phone, to communicate with us about routine client billing issues.
3) Work with us to maximize your collections. You have direct contact with the family, so collection efforts needs to be coordinated.
The cost is just $4.16 for an insured session, 69 cents for a self-pay session. The cost is easy to justify...in view of the higher collections enjoyed.
Under this program, the Procedure and Claim fees are eliminated. Instead, the practice pays a small all-inclusive flat fee per procedure, as follows:
Insured primary procedure: $4.16
Insured add-on procedure: $1.21
Uninsured primary procedure: $.69
Uninsured add-on procedure: $.34
Here are the advantages of getting on this program.
Therapists make bad billers
Billing can be as simple as clicking a button, 95% of the time. The problem is the 5% of the time it isn't, when knowledge and experience is necessary for successful collection. If you write off one claim in 50, your savings are wiped out, and you've wasted valulable time that could have been spent building your practice.
Consistent and reliable
Billing mistakes are extremely expensive...in terms of lost revenues. With 90 day timely-filing deadlines becoming common, you cannot afford to take chances. The Insourcing Program gives you consistent reliable access to skilled billing persons...year after year after year.
Fees for Insourcing are very affordable...at $4.16 for a typical insured session. Why do the work of a $15-$20 per hour biller, when you could be earning over $100 per hour as a therapist?
Our Billing Specialists are highly-trained and richly experienced. They are going to maximize your collections.
You'll have a lot more time for building your practice.
Summit-Edge operates as a Resource Center for our customers. You'll get all kinds of help for building a lucrative practice.