Bill Sample / December 8, 2018 / Daphne Pope
When we started our Medical Billing Service in 1994 there was very little information available on medical billing services let alone medical billing service contracts. In fact some of the information indicated that you really didnt even need a contract if you didnt want one. That couldnt be further from the truth! Having a contract for your Medical Billing Service is very important to protect both you and the provider. Many new billing services ask us for a sample contract or a copy of our contract. Using a sample contract or somebody elses contract is not a good idea. It would be like taking somebody elses will whiting out their name and writing in yours. The only time it will hurt you is when you die and then your family could be in trouble.
Make sure you take the time and experience of others to get everything you need covered in your contract. Are you feeling the crunch of a tight economy? Are you looking for fun and easy ways to save money? Well you are in luck because there are so many free product samples today that allow you to save money each week. Companies are using free samples as direct advertising tools. They want you to try their products for free hoping that you will purchase the next one. It is a marketing strategy that worked for many companies. This is the reason why free samples by mail programs have persisted over the years. For your part getting free items is a fun and convenient way of saving a few dollars each week. The range of free products available for you is amazing.
Useful metrics must be comprehensive and simple. They must combine both complete end-to-end processes and their individual components. Metrics must be used consistently over time and compared to standards. Obviously different standards apply to different medical specialties patient demographics payers and samples of CPT codes. Medical billing metrics typically include compliance cash balances charges accounts receivable and collection ratios to help monitor cash flow. This article focuses on performance metrics. For discussion of compliance program see companion article on Medical Billing Compliance. Collection Ratios Traditional metrics include gross and net collection ratios. Both metrics are subjective to individual practice because they compare (often arbitrary) charges to (allowed) payments.