3. WHAT ABOUT COST-PER-TRANSACTION VERSUS COST-PER-PROVIDER OPTIONS? Pricing varies as much as the products and services of the vendors. a per-transaction fee agreement versus a cost-per-provider option should be determined based on practice size and monthly claim volume. some vendors charge for participating (Par) payors and era transactions, and others do not. Billing companies and practices should weigh all vendor options, including their product and organizational experience, and discuss the best pricing options. limit term agreements to a 90-day “out clause,” which allows you to terminate the contract if client service levels drop. Clearinghouses are important tools for the efficient and accurate processing of claims. Follow the steps and best practices outlined here to ensure a smooth transition. DID YOU KNOW? 16 HBma BIllINg • NOVemBer.DeCemBer.2014 Lauren Collins has almost 20 years of experience designing and implementing global network infrastructures. Lauren has written a book on mobile technology and has contributed to other technology books and publications. She also is a technology mentor for high school and college students. Cindy Groux, CHBME, is the president/CEO of Health Care Practice Management, Inc. She brings 30 years of revenue cycle management experience to her company and clients. Cindy can be reached at cgroux@hcpm.net or 302-633-5840, ext. 320 should you have any further questions regarding her experience transitioning to a new clearinghouse. If you became a member of HBMA today, you could have a new client by next month. Don’t miss being part of HBMA’s new Professional Billing Service Locator Program. We will submit a list of HBMA medical billing organizations for providers to contact – one could be you! Fill out the Request for Information (RFI) form NOW. But you have to be a member! Renew right now TODAY to receive unlimited online education for SIX MONTHS starting now! + www.hbma.org/renew Or toll free 877.640.4262 or info@hbma.org
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