Questions
What is a medical billing company, exactly?
A general term for anyone who works a practice’s claims and AR on its behalf. It covers three very different arrangements: a local firm charging a percentage of what it collects, a software platform you run yourself, and a dedicated person who logs into your own system and works it as an employee would. The price and the incentive are different in each, which matters more than the label.
How much does a medical billing company cost?
Published percentage rates run 4% to 10% of collections of collections (Neolytix), and 4% to 8% of collections on AdvancedMD’s own pricing page. On $1,000,000 collected a year that is $40,000 to $100,000 a year. A Soft Home Global seat is a flat $1,700 a month for AR calling and denial work, whatever the practice collects, with 22 other roles priced the same way on /pricing/.
Is a dedicated seat cheaper than hiring someone in the United States?
On the invoice, usually. The median US wage for this occupation is $51,140 a year (O*NET, citing BLS), and wages are only 69.9% of what an employer actually pays once benefits are counted (BLS Employer Costs for Employee Compensation): the fully loaded cost of that hire is closer to $73,162. What a local hire gives you back is presence, since they can cover the front desk. A seat cannot.
Do we have to change our practice management system?
No. Nothing is bought and nothing is migrated. A named person logs into the system you already run (Athenahealth, eClinicalWorks, Kareo, AdvancedMD and others) through a credential you issue and control, and works your queue inside it.
How fast can a seat start?
Fourteen to thirty days from a signed agreement to a trained person working your queue, covering the Business Associate Agreement and training on your workflow and your payer mix. You are not charged for the training period.
Is the work done in the United States?
No, and we say so on the page you are reading. Seats work from Rawalpindi, Pakistan, on your business hours. The full detail, including which payer contracts sometimes restrict offshore access, is on /offshore-medical-billing/ and /is-offshore-medical-billing-safe/.
Written by Ibtesam Asif
Prices and terms on this page are our own published terms and are what we will actually charge. Nothing here is a forecast of a result — not collections, not recovery, not a payback period.