Pricing Tool for Outsourced Medical Billing Services
This tool will assist potential clients with estimating pricing for outsourced medical billing services with Legacy Billing Solutions. It is important to remember that not all outsourced medical billing solutions are “created equal”. There are many aspects to consider when choosing a solution and a company. We typically find that many companies will handle electronic billing, work rejections, post payments, and do basic AR follow-up, but fail to work denials diligently and tend to avoid handling appeals. This can mean a difference of 15% or more reimbursement.
While pricing medical billing services can be quite complex, we believe that providing transparency to our potential clients is important before we even have our first consultation. Keep in mind, the pricing varies by specialty, number of providers, average collections, payor mix, and what billing services are provided. Some practices just want us to assist with electronic billing, payment posting, and AR follow-up, while others may want these services, insurance verification, and charge entry.
Why It's Helpful
Time-Saving:
Estimator tools can quickly provide a ballpark figure, saving time compared to manually researching and contacting multiple billing companies.
Informed Financial Planning:
An estimator tool can help practices plan their finances better by providing an understanding of what outsourcing will cost and how it compares to in-house billing.
Risk Mitigation:
By using an estimator, healthcare providers can avoid unexpected costs and ensure that they choose a billing service that aligns with their budget.
Efficiency Gains:
Outsourcing medical billing can lead to improved efficiency, allowing healthcare providers to focus on patient care rather than administrative tasks. An estimator tool helps quantify these potential gains.
Scalability Consideration:
Estimator tools help practices assess how scalable outsourcing can be, which is crucial for growing practices that anticipate changes in claim volume or complexity.
Using our tool below, we ask that you provide details regarding the number of providers and locations, average visits and monthly collections, payor mix, and if additional services are needed. Our basic billing package includes electronic billing, working rejections, payment posting, and AR follow-up. Our custom form will generate a pricing estimate for you.