Bill Sample / December 10, 2018 / Kelley Mendez
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.
Days in Accounts Receivable (DAR) A growing number of days in accounts receivable are symptomatic of a faulty billing process. One way to determine DAR is to count days from the date of service to the date of payment for every claim and then average across all claims. A simpler way to compute average number of days in accounts receivable by taking a ratio of accounts receivable to average daily charges or Number of days in accounts receivable = (Accounts Receivable / Average Charge) x 365 This metric too depends on medical specialty patient demographics payer mix and CPT sample. Another downside is that this metric is sensitive to provider as it counts the lag time of unsubmitted claims for services already delivered.
You would have gotten the product by simply from filling out an easy form without spending a dime. Its quite an easy process. If youre in the document creation business you know that each customer has their own specific requirements from invoices to direct mail to letterhead. This can make getting a proposal just right difficult as it is extremely hard to interpret what a client is thinking and turn it physically into something that fits the bill. This is where sample business proposals can really help. Consider for a moment that templates of any kind are meant to save the user time in that they can take the basic proposal form and modify it to suit their clients needs. If youre in writing or web creation this is excellent and all youll likely need.