Bill Sample / December 8, 2018 / Alissa Mcmahon
If you dont include the responsibilities of each party in the contract how does it protect either of you when the relationship starts to fall apart? And if neither party knows their responsibilities how can you expect that the relationship will work? Here is an example. You specify in the contract that it is the obligation of the providers office representative to supply you with all the payment remittances but you are not getting them which is causing you to do a lot of extra work in contacting the insurance carriers to check status on claims that were already paid. It is upsetting to spend three or four hours calling insurance companies to find that the claims were paid but the doctors office missed sending you the eobs.
This lag time roughly averages across all payers making DAR an effective comparison metric between payers for individual provider but invalidating it across multiple providers. One obvious advantage of DAR metric is its independence of charges. The averaging feature of this metric eliminates sensitivity to specific day or CPT but also hides the behavior shape of the accounts receivable curve. First-Pass Pay (FPP Rate) and Denial Rate FPP is the percentage of claims paid in full the first time upon submission (subject to federal or state timely payment regulations: 15 days for electronic submission and 30 days - for paper). Denial rate is the complementary metric to FPP rate. It counts the percent of claims that require followup and therefore cost more to process.
However if your in true document creation then you need something a little bit more detailed. Often clients are not entirely sure what they want. Sample business proposals are excellent in that they allow the client to see what their logo and letterhead will look like on different designs and thus allows the client several different options which makes the decision process that much easier. This also allows you to save time by not having to schedule endless meetings because the document is "just not quite right." Sample business proposals allow you to give your client a choice which moves the client along in the decision making process and will allow you to get a client signature to begin the work. It also allows you to complete the project very quickly taking into account the businesss specific look and feel as well as how they word their documents.