Option 1: The Starter Package: Traditional Billing
-No computer, software, Internet access or computer skills
needed.
-Low start up costs: $100 (the provider set up
fee).
-We use our own licensed Office Therapy® software and our
clearinghouse account to electronically file claims.
-No immediate self serve access to practice management
data by the therapist, but instead we communicate by phone, fax, email or mail. We provide monthly reports with our monthly
invoices.
-Allows you to get started with little risk, low cost, and become
familiar with us before upgrading to one of the better ways to get your billing done.
-Later, you can switch easily to one of the other packages, without
having to pay another provider set up fee.
-If later you choose to switch to the telecommuting virtual
assistant package purchasing your own license for the same program we use on our computers (Office Therapy), your database can simply be
moved to your own computer, without incurring any additional patient set up fees for your current clients, because your patients are
already set up in your database.
-If later you choose to switch to the web-based package or a
telecommuting package utilizing a different software than we use, each patient would need to be added to the new billing system, incurring
a new patient set-up fee for each patient.
Cost Example: the Starter Package/Traditional Billing for
a Small Practice with 50 visits per month:
You have paid your one time provider set up fee of $100. This month you have done 45 visits with
established clients who already have been entered in the system last month and you have also seen 5 new clients for assessment visits
that must be added to the database. A few clients are private pay, most have primary insurance to file, and 5 visits have secondary
insurance to file. We would bill you as follows:
-
$4.75 x 45 = $213.75 (accounting and primary insurance filing)
-
$6.00 x 5 = $30.00 (new patient set up)
-
$4.75 x 5 = $23.75 (secondary insurance filing)
Your monthly invoice for the web-based package would be
$267.50, without any additional services.
-
If your average
collections are $100 per session, your invoice is comparable to 5.35 % of collections . That is less
than three of your lost billable hours.
-
If your average
collections are $80 per session, your invoice is comparable to 6.69% of collections. That is less than four of
your lost billable hours.
-
Figure the costs according to our formulu on
our cost comparison page to figure how much money you will save over doing it
yourself.
Cost Example: the Starter Package/Traditional Billing for a Small Practice with 100 visits per month
You have paid your one time provider set up fee of $100 and you pay a $29.95 monthly fee to the web=based service for
unlimited claims. This month you have done 90 visits with established clients who already have been entered in the system last month and
you have also seen 10 new clients for assessment visits that must be added to the database. A few clients are private pay, most have
primary insurance to file, and 10 visits have secondary insurance to file. We would bill you as
follows:
-
$4.75 x 90 = $427.50 (accounting and primary insurance filing)
-
$6.00 x 10 = $60.00 (new patient set up)
-
$4.75 x 10 = $47.5 (secondary insurance filing)
Your monthly invoice for the web-based package would be
$535.00, without any additional services.
-
If your average
collections are $100 per session, your invoice is comparable to 5.35 % of collections . That is less
than six of your lost billable hours per month.
-
If your average
collections are $80 per session, your invoice is comparable to 6.69% of collections. That is less than seven
of your lost billable hours per month.
-
Figure the costs according to our formulu on
our cost comparison page to figure how much money you will save over doing it
yourself.
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