03/06/2025
THERE ARE TWO TYPES OF MEDICAL BILLING COMPANIES OUT THERE! YOU PICK! BUT BE CAREFUL WHAT YOU PICK!
“The Full Circle Billing Company” where you provide them the level of care you performed on the patients, along with the diagnosis and also provide them patients demographics and a copy of the insurance cards. They do the rest. But there is also “The Software Billing Company” that rely on your office staff, that you pay the salary to, to perform most of the work. This type of billing company only transmit to a clearinghouse. Which one do you prefer for your practice?
The “Software Billing Company” charges a lesser percentage because they only transmit to a clearinghouse. You need to have one or two people in your office doing stuff that they don’t do for you, like CPT coding, ICD-10 coding, adding modifiers, etc., preparing patient’s balance statements, putting in envelopes and mailings. These employees will cost you 50 to $60,000 a year. Add to that the stamps, paper, envelopes and the 4 or 5 % of the gross collections that the “Software Billing Company” charges you, in addition to the billing software fee. Lastly, anything that is done wrong by your staff will delay your payment. Do you really want that headache?
The “Full Circle Billing Company” will charge you around 6.5 or 7 of gross collections, but they do it all. Saves you lots of headaches.
Call STAT Medical Office Services, a full-service billing company based in Northeast Florida, with 29 years of experience, at (904) 824-4990. We are professionals serving professionals! Our company is owned and operated by a Medical Doctor full time.We have certified coders, profesional billers and a full time attorney in good standing with the Florida Bar.