4% Medical Billing Service – Standard Plan
“Empowering technology and comprehensive billing and
support—an unrivaled suite of features at a remarkable price.”
Benefits
- Improved collections
- Accelerated payments
- 24/7 accessibility to your data
- Transparency throughout the revenue cycle
- Full financial and practice management reporting
Let’s Compare
MTBC |
In-House Billing |
4% |
10% of collections* |
Daily submission & patient billing, follow-up, payment posting |
Insufficient staff hours for true end-to-end service |
Web-based, transparent platform |
Risk of employee turnover & loss of billing knowledge |
*according to past industry studies
MTBC |
Local Billing Company |
4% |
6-12% |
Real-time claim status |
Queries by phone or fax |
Financial reporting & practice analysis |
Monthly spreadsheets on paper |
MTBC |
In-house Billing + Expensive Software |
4% |
6-8% + employee costs + IT expense |
Web-based access for designated staff |
Network-only accessibility |
Free EMR & Free Support |
Hefty license and user fees, maintenance charges |
MTBC’s Standard plan includes the tools you need to increase your collections and reduce your expenses:
- Full charge entry and payment posting
- Daily submission and follow-up
- Primary, secondary, and tertiary payer billing
- Patient billing and call answering
- Integrated online scheduling
- Real-time financial reporting
- Free EMR software
- Medical transcription at 8¢ per 65-character line