There's no one-size-fits-all answer to how much a professional medical billing service will cost. The price depends on a number of factors, including the size of the medical practice, the services provided, the number of claims submitted, and more. However, there are some general guidelines that can help you get an idea of what to expect.
Typically, medical billing companies charge a percentage of the total amount collected from insurance companies and patients. This percentage can range from 5% to 15%, depending on the company and the services provided.
In addition, most companies charge a per-claim fee, which is typically around $3-$5 per claim. So, if you have a medical practice with 100 patients and you submit 500 claims per year, you can expect to pay anywhere from $2,500 to $12,500 per year for medical billing services. Of course, this is just a rough estimate - the actual cost will vary depending on your specific needs and circumstances.
ProMD Medical Billing has been providing expert medical billing services since 2004. Our medical billing company is composed of an array of revenue cycle management (RCM) professionals, including certified medical billers and coders with more than 20 years of professional medical billing service experience.
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We look forward to exceeding your expectations in everything we do.
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