Medical Billing Fee Structure: What Influences The Cost?
The cost of medical billing services can vary based on several key factors. Understanding these variables can help healthcare providers choose a billing partner that aligns with their needs and budget:
Claim Volume & Practice Size
-
Larger Practices or hospitals processing a higher number of claims may qualify for lower percentage rates.
Medical Specialty
-
Practices in specialties with more intricate billing requirements may incur higher fees.
Extra Services
-
Supplementary services such as coding audits and revenue cycle management may impact the total cost of billing operations.
Billing & Coding Fee Structure
At Coastal Medical Services Inc., we offer a more personalized approach than traditional billing companies. Our in-depth understanding of each practice and specialty ensures that your needs are met with the utmost precision and care.
Our pricing approach is founded on trust and credibility.
Percentage-Based
Charged on the total collections received by the practice. Varies from practice to practice.
Flat Fee
Charged at a fixed fee per claim or per month.
Hybrid Model
A combination of both percentage-based and flat fee models.
End-to-End RCM
10% (Includes Software, Medical Record Management, Billing, Coding, Insurance and IPA Credentialing)
