- Industry News
- Law & Malpractice
- Coding & Documentation
- Practice Management
- Finance
- Technology
- Patient Engagement & Communications
- Billing & Collections
- Staffing & Salary
Collection Fees
When physicians split up and one will be collecting the A/R for the other, what is a fair percentage for the collector to charge the other physician?
Question: When physicians split up and one will be collecting the A/R for the other, what is a fair percentage for the collector to charge the other physician?
Answer: It really depends on the specialty and exactly what services are being provided. In this case, it sounds like it's only follow-up work (and not registration, charge entry, or coding), so you'd be on the low end of the range. The following are fee percentage ranges for various specialties, according to the Healthcare Billing and Management Association (previously the International Billing Association), a trade group of billing professionals:
- Radiology: 8.5% - 13%
- Anesthesiology: 5.3% - 6.5%
- Pathology: 9.5% - 10.5%
- Surgery: 3.5% - 7.5%
- Emergency Medicine: 10% - 13%
- Primary Care: 10% - 15%
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
