Bill Sample / December 8, 2018 / Daphne Pope
Billing performance measurement is an integral part of medical practice billing process and a prerequisite to effective practice management. Systematic measurement becomes mission-critical with growth of billing complexity or outsourcing of the billing function. Traditional billing metrics are limited in scope and focus on claim submission process ignoring process imperfections on the insurance (payer) side. Modern computer technologies allow both productive measurement and effective action by the disciplined billing office to improve claim submission and payment processes. Using appropriate metrics helps improve policies and procedures shorten revenue cycle reduce patient complaints improve financial performance and compliance increase cash flow reduce bad debt identify areas of potential growth improve employee morale increase productivity and reduce costs.
All the better if he or she has some experience in the medical billing field. You can save money by preparing carefully before you meet with your lawyer. Start by making a list of things you want to cover in your contract. List all of the services you will be providing and how you charge for them. In addition to how you will charge you will want to list how and when you expect to be paid. Add the providers responsibilities to the list. List how you will receive the patient and claims information and what information you expect from the provider. Other terms you will want to cover are what happens if you dont get paid how either party can terminate the contract and what happens when you do term. There are really a lot of important issues that you need to cover - many potential situations to think about.
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.