Medical Billing Coding - SUBCONTRACTING %, cpt, codes
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Thread Topic: SUBCONTRACTING %
Topic Originator: MICHELLE
Post Date July 25, 2005 @ 9:12 PM
SUBCONTRACTING %


MICHELLE
July 25, 2005 @ 9:12 PM Reply  |  Email Friend   |  |Print  |  Top

I HAVE RECENTLY BEEN OFFERED A AT HOME BILLING JOB.  ONE OF THE QUESTIONS THEY ASKED ME WAS WHAT % OF COLLECTIONS DO I WANT.  WELL I HAVE NEVER BEEN PAID LIKE THIS BEFORE I HAVE ALWAYS BEEN PAID HOURLY I CURRENTLY MAKE 15.50 HRLY.  WHAT DO YOU THINK A FAIR % WOULD BE?

THANK YOU

Amber
July 25, 2005 @ 9:21 PM Reply  |  Email Friend   |  |Print  |  Top

It depends on a few things like what area are you in, what field is the position in, and what is there aproximate monthly billed amount?

There is a formula most use based on that.

Get that information and contact me and I will give you the formula I use.

cns_ba@verizon.net

michelle
July 31, 2005 @ 10:39 PM Reply  |  Email Friend   |  |Print  |  Top

I live in california,the field i will be working in is obgyn, I dont know how much i will be billing.

michelle

Kim
August 1, 2005 @ 12:52 AM Reply  |  Email Friend   |  |Print  |  Top

I too live in California and I'm not too sure what you should charge but always consider the price of claims,postage stamps and office supplies that you will use.If at all possible- can you email me atkimarts4@aol.com the name of the companythat you are subcontracting with / any names of any company that offers such a n opportunity?
Thank you in Advance and Have A Wonderful Day!
Kim at Kimarts4@aol.com

tammy
August 1, 2005 @ 1:15 PM Reply  |  Email Friend   |  |Print  |  Top

I have been looking to work at home in billing but can't find anyone. Can you please tell me who you are working for? Thanks.

Amber
August 1, 2005 @ 8:57 PM Reply  |  Email Friend   |  |Print  |  Top

Hello

What we do is figure the amount of money you want to make in a month.  Then you take 75% of the monthly amount you will be billing (that is figured to be the average collected) and divide what you want to make by the 75%.  IE you want to make 10,000.00 per month and you bill 100,000.00 per month (75% of that is 75,000.00 what you would be collecting).  You take 10,000.00/ 75,000.00=.133333333 (which comes to 13 1\3%)  the more you bill out the more you can expect to collect and the more you will make.  I would say in CA you could get away with charging 13- 16% and OBs tend to have higher bills than regular doctors cause they are specialists.  

If I can be of further assistance let me know.  And if you happen to know of any other offices that want to subcontract billing If you would let me know about them I have been trying to get a billing job from home for years to have a more flexible schedule.

I have been doing medical billing for 5 years and it is hard to jugle 2 sick kids and a corporate america schedule.

My email is cns_ba@verizon.net.  
Please contact me if you have any other questions.  Thnx

michelle
August 1, 2005 @ 10:36 PM Reply  |  Email Friend   |  |Print  |  Top

amber

Thank you so much for your advice, I also have 2 kids and run a busy life, Im hoping this all works out so I can be home more, I have always wanted an at home job.  I wish I could let you know who this company is but there pretty new.  So they dont have alot of accounts yet.  Im just crossing my fingers that they get me this account.  I just dont want to tell then too little or to high this is all new to me. I will keep you informed.  Were about in ca do you live north south?

thank you
michelle

Paula
August 24, 2005 @ 7:50 PM Reply  |  Email Friend   |  |Print  |  Top

Michelle,

Would love to know how you went with the % contract. If you are allowed to post.

Paula

LaRonda Ford
October 27, 2005 @ 5:46 PM Reply  |  Email Friend   |  |Print  |  Top

Stumbled across this forum and saw your question about the % for subcontracting. I looking for at home billing and was curious if the company you're employed by is still looking for billers/coders? I have been doing billing/coding for 17 years and ready to work from home. Can you help?

Elizabeth
April 19, 2006 @ 6:24 PM Reply  |  Email Friend   |  |Print  |  Top

Michelle,
   I am currently looking for work in the medical billing and coding field in nc . If you know of any companies that are looking for help , please let me know as soon as you find them. I would really appreciate it.
With the subcontracting , I would make sure that you get everything in writing.

Dan Young
April 24, 2006 @ 2:54 PM Reply  |  Email Friend   |  |Print  |  Top

We are a billing company with a professional office.  When we figure our percentage, which falls between 5 and 8 percent, we first perform due diligence on the potential account.  Our CEO goes to the provider's office and examines approx. 10 to 15 charts.  She determines how well the practice chooses its codes and diagnosis.  During this time, our financial officer goes over the spreadsheets to determine how well the practice is collecting, how much their monthly collections should be, and the status of their aging.  

Many specialists are high dollar claims, and should be low percentages.  General practice and chiros should be high percentages because of the labor intensive billing for low dollar claims.  PTs are in the mid range.  AR recovery percentages are in the very high range at about 25 percent because of the difficult collecting of old accounts.

You should have several contracts and agreements to provide to your provider.  (1) a servicer agreement  (2) a confidentiality agreement  (3)  a business associate agreement  (4)  your clearing house contacts for electronic billing.

Writer me if you have any questions.

Lucretia
July 20, 2006 @ 6:35 PM Reply  |  Email Friend   |  |Print  |  Top

Hello Dan

I am currently in th process of trying to set up a home business. I have 5yrs of Anesthesia and Pain Management billing. I am truing to figure out the best way to go about starting my venture. Do you have any pointers or are you looking for a medical biller specilizing in Anesthesia and Pain Management billing?

Bibi
August 13, 2008 @ 10:41 PM Reply  |  Email Friend   |  |Print  |  Top

i have been working form my home now for one year and earning only 3% as my monthly payment.I agreed to the 3% when i started because the doctor had stated that although i will do the claims for self pay patients and capitated patient but not get paid i looked at it as a way for my to gain the experience at the same time just in case it did not work out it would be unfair to the provider that i did not do the job and get let go.I take care of all his claims, medicare,  medicaid,  bcbs, humana  etc. i am not 100%up to date with claims i know maybe that is why he may not want to increase my pay but would you be able to tell me what exaxctly is a biller and coder resoponsibility is when working as a contractor? i cannot afford to getting 3% only but i like what i am doing and i am really trying to get all claims up to date and also when i started the doctors claims were totally not organized nor cleared out so i started with no experience and was trying to take care of old claims along with my new work when i started, is this fair.Is there anything i cacn do to get more up to date and maybe then he would increase my % or does this look like a lost cause.

Loretta
April 26, 2011 @ 2:27 PM Reply  |  Email Friend   |  |Print  |  Top

Is medical billing available in california?
Loretta
what are the dqualifications?

Alicia
May 5, 2011 @ 3:53 PM Reply  |  Email Friend   |  |Print  |  Top

I think that getting paid by % is considered fee splitting here in the state of California.  The provdier should know this and as a biller we should know this.  I would make sure to look this up before excepting anything or contracting with them

Sylvia Scott
September 9, 2011 @ 12:25 PM Reply  |  Email Friend   |  |Print  |  Top

I am looking for some subctarct billing I want to make $6,000 monthly. Can You help?

sak
May 6, 2012 @ 9:38 PM Reply  |  Email Friend   |  |Print  |  Top

I would like to work from home for medical billing/collection.  But don't know how to.
Could someone help me?
best regard.

Jeanie
May 17, 2012 @ 12:19 AM Reply  |  Email Friend   |  |Print  |  Top

I am looking to start medical billing at home on a part time basis, while maintaining a full time job as well.  I have a physician that already wants to utilize my services, but I don't know where to start.  I would appreciate any advice out there because I really need to get started quickly.  I have years of experience in a medical office, so that part I have no problems with.  I just need someone that knows what it takes to start out & be successful with it.  Thank you!



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