Bill Sample / December 9, 2018 / Hattie Salas
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.
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.
Patient Liability Percent of Patient Liability is the ratio of patient responsibility to total billed charges and it roughly reflects patient deductibles. This measure is important in measuring front office function as it has little to do with clean claim submission or effective followup. Percent of Accounts Receivable Beyond 60 90 and 120 Days (PARB60 PARB90 and PARB120) PARBX resolves the sensitivity issue of DAR metric and offers simple and charge-invariant metric of billing process. Its graphic representation has a skewed bell shape. Its steepness represents billing process quality: a steep curve and thin tail means healthy billing process while a flat bell and a fat tail means billing problems. According to the MGMA survey 25.35 percent of the average family practices accounts receivables were more than 120 days old in 1997.