It’s a perfectly reasonable question. Price is a major factor in any business decision. Plus, medical billing company prices aren’t exactly readily available. And when rates are listed, the’re often vague or misleading.
In this article, we’ll attempt to clear up some of the confusion surrounding medical billing service rates. We’ll also give you an idea of what specific services to expect for a given price, along with the factors that go into determining that price.
One of many recent changes to the healthcare business is the shift in cost-sharing between insurers and patients. Just a few years ago, many physicians were reluctant to spend resources following up on delinquent patient payments. Such payments constituted a very small percentage of physicians’ reimbursement, so physicians didn’t worry much about it.
However, as insurance plans have diversified, costs have shifted and patient bills have grown. And physicians are justifiably more concerned with the timely collection of patient payments. The Valletta Group has procedures in place to address this growing need for physicians in the medical billing industry. Continue reading…