Bill Sample / December 8, 2018 / Daphne Pope
One simple idea is to bring in lab samples that you collect at home. Is your pet having a urinary problem? Try to collect a urine sample at home and then bring it in at appointment time. Your vet will have instructions on how to do this depending on whether you have a dog or cat. Its not that hard. Veterinarians love clients who bring in urine samples from their pet because it means less work for them! If urine must be collected by veterinary staff theres a chance youll have to pay for it especially if your pet wont "give it up" on his own and they have to obtain a sample using either a syringe or catheter. The price that you pay for groceries has skyrocketed lately. The cost of bread and milk has steadily been climbing over the last couple of years.
Net collection rate is defined as a ratio of Total Collections and Total Charges less Adjustments. Gross collection rate is defined as a ratio of Total Collections to Total Charges only.) According to Medical Group Management Association (MGMA) 1998 Cost Survey adjusted fee-for-service collections (net collections) for family practices in 1997 averaged 98.65 percent. A declining net collection ratio may be symptomatic of increased contractual write-offs or insufficient number of denial appeals. This metric is especially useful in the absence of modern computer technology when comparison of every payment to allowed amount is impossible or when appeal process of denials is too expensive. Otherwise the use of charges in defining gross and net collection metrics precludes them from productive discovery of process improvement opportunities.
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.