I have had a private practice for 23 years and now a billing company for RDN’s – Bill it mnt . I was able to meet many RDN’s that came over to our booth at the FNCE Marketplace. It was interesting to hear their stories on billing. The decision to hire a billing company or the software you use should be based on your unique practice. If one has a small boutique type practice and sees less than 4 clients per day it maybe more cost effective to do your own claims. On the other hand if you have a full time busy practice (7-10 clients per day) when are you going to have the time to do billing?
Important questions to consider:
- How valuable is your time? Billing is time consuming when you look beyond filling out claim forms. The claim form needs to be filled out and submitted in a timely fashion or it will be denied. Once you complete the claim form and submit it tracking payment and denials is just as important and takes time.
- How much money are you going to leave on the table because you cannot chase denied claims or submit them in a timely fashion? Many RDN’s are losing $$ above the cost of doing business for this reason. Many RDN’s told me the amount of money they are losing which was staggering. One RDN told me she has 1 year of denied claims to settle. You are not in business to lose money. Paying a company to do your billing will save you money otherwise don a blue coat and consider yourself a volunteer.
- Will adding more hours to your day doing billing impact on your quality of life causing burnout?
- It is more profitable to see more clients and leave the billing to someone else – a staff member or an outside contractor?
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