e-Notes billing Services, Medical billing, Collections, Practice Management and EMR

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e-Notes billing Services, Medical billing, Collections, Practice Management and EMR

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e-Notes Medical Billing Services -  BENEFITS

Key Benefits

bullet No Practice Management System to learn, upgrade, and maintain.
bullet No patient phone calls complaining about their bill.
bullet No billing training for your staff.
bullet Electronic claim transmission to over 800 insurance office locations.

e-Notes Medical Billing Services will provide the following services

bullet Provide you with tools to check eligibility for all your patients
bullet Provide you with tools for your Patient Management System
bullet Provide you with tools to enter Appointments in our Practice Management System
bullet Provide you with tools to print receipts
bullet Design initial Encounter/Superbill
bullet Provide you with tools to inquire patient accounts ledger
bullet Make available Daily Transaction Report of the days activity
bullet Make available Patient Balances report
bullet Make available Period Financial Statistics Report
bullet Make available Summary Reports - Summary of practice A/R / Aging
bullet Bill all insurance companies - primary, secondary, tertiary
bullet Workers Compensation
bullet Auto Insurance
bullet DME
bullet HCFA & UB92
bullet Capitation
bullet Send patient statements
bullet Collections

Additional reports:

bullet Payments Report
bullet Charges Report
bullet Procedure Analysis Report
bullet Diagnosis Analysis Report
bullet Patient Census by Zip Code Report
bullet Insurance Payment Analysis Report
bullet Many other analytical reports

The reasons behind as to why to use our services

Our past experience has shown that when current in-house billing costs are fully burdened, to include the costs of recruiting, employing, training, coordination and management, real cost per dollar of collection at least doubles.

Our comparison begins with a typical practice with one provider. Let’s assume your practice has a dedicated, in-house biller receiving an annual salary of $30,000, or about $14.50 per hour. The chart below outlines the additional costs of having a full time employee in the office to handle all aspects of medical billing.

Base Pay $30,000
Medicare and Social Security $2,295
401K $1,080
Disability $720
Healthcare $5,220
Time off $3,270
   
Total labor for 1 in-house biller $42,585

Next, you will need to consider materials and fees. An average practice will probably pay for support for the software they are using at a cost of about $2,000 per year. Spread out over those three years, then your average annual software/hardware expenditure is of $2000. Since your practice send out your own patient statements, you will need about $150 per month for postage, paper and envelopes, an annual cost of $1800. Clearinghouse fees for electronic claims will come to about $60 a month, or around $720 annually. For the sake of simplicity, you will forget for the moment that your biller will need a climate controlled workspace, lights, general office supplies and a desk, plus all the calls she/he makes to the computer technician to fix the problems of your network. Plus, you have not included the typical mistakes of uncollected billing, due to experience dealing with Insurance companies. Also the key benefits listed at the beginning of this page.

Here’s what your list of software/hardware, materials and fees looks like, without including additional costs

 

Software/Hardware $2,000
Materials $1,800
Clearinghouse Fees $720
   
Total $4,520

Adding the two totals above (labor + materials & fees), the annual cost for your medical billing performed in-house comes to $47,105 per year.

Now compare how much your savings will be, compared to what e-Notes billing services will charge you to manage your patient receivables, plus all the benefits mentioned above

 
   
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