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Increase your Revenue Flow!
The first step to increasing your revenue flow:
As a clinic owner you're constantly questioning how to increase your revenue based on the current patient flow.
The first step is to look at your current fee schedule. I advise revamping your fee schedule every year. The goal is to set your fees above the highest paying insurance compan
The first step to increasing your revenue flow:
As a clinic owner you're constantly questioning how to increase your revenue based on the current patient flow.
The first step is to look at your current fee schedule. I advise revamping your fee schedule every year. The goal is to set your fees above the highest paying insurance company.
Why would you do that? So you don't leave money behind!
In your contract with insurance companies you've agreed to be paid no more than the allowable amount. This amount varies for each insurance company.
When billing insurance the goal is to bill above the allowable amount and the insurance adjust down. When you bill for less than the allowable amount the insurance company will pay the lower amount. There has never been a case of billing below the allowable amount and insurance adjusting it up so you get max pay.
Ensure you're not leaving money behind and bill above the allowable amount.
Contact Wellness Billing LLC today to have your fee schedule reviewed for free.