Practice Billing LLC & Health Insurance Claims Assistance

Aggressive Medical Claims Billing/Operational Managment Services

Benefits of Using Our Medical Billing Service

Collecting insurance money and billing patients is an important aspect of a successful medical practice. Much of you income will come from insurance payments. You need an efficient and cost effective way to file claims and collect your fees. If you are just starting a practice or have a small office, the money needed to buy a computer system and pay for the personnel to operate it may not be in your budget at this time. Insurance claims can be submitted electronically or with HCFA 1500. Either method demands claims be complete with correct codes and comply with filing requirements of the government and insurance companies.

The Cost of Doing Your Own Medical Billing

You can buy or lease a system, but there is a down side to this method of billing. A system can cost well over $25,000. There will be ongoing monthly or per claim charges in additioin to the cost. If you buy a system and it does not work as you like, you can lose your investment as used computers have little resale value. A lease ties you to a long term contract that you cannot terminate. You must supply an employee to operate the computer. You must train the employee to use the system and learn about insurance and coding. Unless your staff has a lot of extra time, you must hire another person. Even a part time employee is very costly. You must pay wages, social security and fringe benefits. You may be forced to let even a part time employee participate in your retirement plan. Check this with your tax advisor. For example, at $12.00 per hour, a 20 hour per week employee costs about $13,500 per year, not including fringe benefits. $12.00 per hour is realistic; you cannot hire qualified personnel at minimum wage. You also have added administrative problems taking you away from the practice of medicine. You have the danger of obsolescence and breakdown. If Medicare or other insurance carriers change how you must submit claims, you must update or replace the system at more cost to you.
With our service, it will be like having full time experience help at a fraction of the cost.

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