Simplify Your Billing Process with Our Medical Bill Generator for Technical Support

Medical bill generator for Technical Support

so instead of doing a whole entire video number six on pricing I'm just gonna do a really quick video I suggest that if you are an american-based medical billing business you charge anywhere from 7.5 percent to 15 of collection simple and then you guys decide where you want to end up there now if you're a small company and you're not really used to charging all this money to clients and you're kind of scared start with 7.5 however I don't think you can really grow and scale at 7.5 because then you won't really be able to handle or hire people or get the type of marketing and the type of systems that you really need so I really want everybody to start my idea would be 8.5 percent of collection 10 for really experienced if you want to go ahead and start scaling and hiring people and 15 if you are focused on AR accounts so you're not doing their medical billing all you're doing is going in there and cleaning up some really horrific ugly AR problem problems all of their stuff that they've already built it's full of flaws and errors and they need you to go ahead and correct it and and then doing all of their appeals I suggest you take 15 of that right off the top of collections so that is like a separate uh system and a separate service than RCM RCM will include AR but if you want to just specialize the niche down and say all we do is AR that's it we don't do your current billing leave your current team in place all we do is go in there and fix the AR that is sitting in there past 60 days 90 days 120 days and you need to get that collected before you hit your Timely I would say you can go up to as high as 15 of collections on that one because at the end of the day you do not get paid until they get paid so there really is nothing that they can lose they don't lose any money going with you for that high of a rate and it may be much cheaper to go with you than to lose all that money anyway so 7.5 percent to 15 a collection depending on what you're doing and always keep in mind that you must scale scale scale and higher so keep that in mind when you're deciding what type of percentage you want to do I say stay 8.5 and up but 7.5 if you're nervous and you want to give them a discount no lower than that you cannot compete with that and it's going to be a bad move for you because you're going to be overworked you're going to be doing too much work and you're not going to get paid enough to hire any help so I hope that helps and I will see you in the next video for medical billing marketing coming up