Should My Practice Be Using a Medical Billing Service?
As with any decision made in your medical practice, you should always do a cost analysis. In doing this, your company should look at the following items:
- Billing Staff Cost
- Software/Hardware Cost, Claim Processing Cost
- Percentage of Billings Collected
- 120+ Insurance Balance Write Offs
- Patient Collection Ratio
CHRM offers a free one time audit of your costs in-house versus our medical billing service fees as a part of our initial proposal.
What is the advantage to using a Medical Billing Service?
The two main things that CHRM offers is collaborative experience and expertise brought together in one place to create a comprehensive and efficient medical billing process and economy of scale. Simply put, CHRM can afford to hire highly skilled individuals to oversee every step of the medical billing process and are able to provide ongoing training to our staff that is difficult to match with in-house billing due to budgetary limitations.
Why should I choose CHRM over another Medical Billing Service?
Here at CHRM we survive on our reputation for being a successful, honest, and transparent medical billing company that understands that without the physician’s success we do not exist. We are looking to establish long term clients who we not only help with their current and past A/R, but are participating as a part of each practice and helping with feedback to help each of their leadership teams grow a healthier practice.
What types of Medical Billing do you provide services for?
We have 4 departments here at CHRM.
- Free-standing Emergency Centers
- Physician Practices
What are your contract terms?
Unlike many medical billing companies which require an extended term contract, we are so confident in our level of service at CHRM that we offer most of our physician clients a 30-90 day notice period with a contract that is renewable each year. Meaning, if you did not like our service, you have no obligation to us other than a 30-90 day notice and payment for time of service that we provided. For our hospital and ASC clients, we do require a 2 year commitment with a 90-180 day notice period, depending on client volume.
What happens with my data?
Your data belongs to you! We never hold your data and when we are working with your data we make sure to follow a strict Compliance Program that insurance HIPAA and security.
Does CHRM do Out of Network billing?
Yes! We do a lot of out of network billing, but caution providers to thoroughly research your area and specialty to make sure it is the right choice for your success.
Who works on my account?
Every client has an assigned account manager, however, there many staff that will work on your accounts as CHRM is split by department so that you are getting the most highly skilled coders, charge entry specialists, A/R specialists and customer service reps for your specialty.
How do I get a free audit?
You can reach out to us via our contact form and we will reach out to you to set up a time for one of our account managers to discuss what your current needs for your facility/practice are and how we can best needs help you.