Bill Sample / December 9, 2018 / Inez Nielsen
Indeed samples are a great way to simultaneously give the client a specific set of options which in turn makes billing that much easier while maintaining control over your time and schedule. And when you consider that the time saved can be used to take one jobs that are perhaps more custom in nature (and thus cost more) then you can see that sample business proposals are an excellent idea. Not only that but it allows you get get through each project before the actual deadline which will result in more repeat business as well as a greater level of "word of mouth" marketing which is the best form of marketing for a business. Sample business proposals then are an integral part of your successful business and will allow you to grow your business that much quicker.
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.