It is absolutely 100% necessry that you offer a servicing agreement to your clients.
There are some things to consider in the service agreement or medical billing contract:
Name of the billing company and the name of client.
Effective date of contract and expiration date - you should try to contract for a minimum of one yeer which is auto renewable.
Where will the insurance payments go to? I recommend having the payments go to the physician's office to avoid any legal matters. There should be a contract stating the provider will send copies of EOB's of all payments.
Who will do the coding? If you own a medical billing firm, it is best to have the practice code, themselves. OR you could hire a coder to take on that responsibility. DO NOT claim to know how to code, if you do not.
All claims, paperwork, and patient information belong to and are the property of the client. The billing firm is only using it while contracted with the client.
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