Best Medical Billing Companies in Kentucky
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How Much Does Medical Billing Cost in Kentucky?
The cost of medical billing in Kentucky can vary depending on the size and type of practice, as well as the number of patients seen. However, the average cost for a medical billing company to handle all aspects of billing for a small practice with up to 10 patients is between $500 and $1,000 per month. For a medium-sized practice with up to 50 patients, the cost is between $1,500 and $2,500 per month. And for a large practice with over 50 patients, the cost can be as high as $3,500 per month or more. These costs do not include the fees charged by insurance companies for claims processing.
Start-up Fees:
The cost to set up a medical billing system can vary depending on the size and scope of the practice. For a small practice with up to 10 patients, the start-up fee is usually between $500 and $1,000. For a medium-sized practice with up to 50 patients, the start-up fee is usually between $1,500 and $2,500. And for a large practice with over 50 patients, the start-up fee can be as high as $3,500 or more. These fees cover the cost of setting up the billing software and training staff on how to use it.
Recurring Fees:
In addition to the start-up fee, there are also recurring monthly fees for medical billing services. These fees cover the cost of submitting claims to insurance companies, tracking payments, and providing customer service. The average monthly fee for a small practice with up to 10 patients is between $500 and $1,000. For a medium-sized practice with up to 50 patients, the average monthly fee is between $1,500 and $2,500. And for a large practice with over 50 patients, the average monthly fee can be as high as $3,500 or more.
One-Time Fees:
There may also be some one-time fees associated with medical billing in Kentucky. These fees could include charges for set-up or implementation of the billing system, claims processing, or training on the use of the system. One-time fees typically range from $500 to $3,000, depending on the size and scope of the project.
Overall, the cost of medical billing in Kentucky can vary depending on the size and type of practice, as well as the number of patients seen. However, the average cost for a medical billing company to handle all aspects of billing for a small practice with up to 10 patients is between $500 and $1,000 per month. For a medium-sized practice with up to 50 patients, the cost is between $1,500 and $2,500 per month. And for a large practice with over 50 patients, the cost can be as high as $3,500 per month or more. These costs do not include the fees charged by insurance companies for claims processing.
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Top Medical Billing Companies
Precision Medical Billing
811 Corporate Dr Ste 205, Lexington, KY 40503 | +1 859-317-8714
Precision Medical Billing was founded with the goal of providing reliable and transparent services for healthcare professionals. Read more of our review on our top choice for the best medical billing company in Lexington.
Vivinx
3615 Newburg Rd Suite 105, Louisville, KY 40218 | +1 502 812 1002
Vivinx is on a mission to help healthcare clients take advantage of innovation and grow their businesses. With services that range from start-up guidance, design consultation, or revenue cycle management we have what your business needs for success. Read more of our review on our top choice for the best medical billing company in Louisville.
Advantum Health
500 W Jefferson St #2310, Louisville, KY 40202 | +1 502 861 5629
The team at Advantum Health is dedicated to making sure that every patient pays their owed fee for services rendered. With revenue cycle management solutions, they offer a wide range of medical practices and organizations efficient ways in which patients can be denied or have payments postponed when it comes time to make these claims with confidence knowing the company has what’s needed on hand – expertise. Read more of our review on our top choice for the best medical billing company in Louisville.
Medical Billing Companies in Lexington, Medical Billing Companies in Louisville
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Kentucky Zip Codes Where We Provide Medical Billing Service
Lexington
40509, 40517, 40515, 40511, 40503, 40504, 40502, 40505, 40508, 40514, 40513, 40516, 40506, 40510, 40507
Louisville
40214, 40216, 40299, 40219, 40229, 40272, 40291, 40245, 40220, 40218, 40207, 40241, 40258, 40205, 40223, 40211, 40222, 40215, 40206, 40203, 40212, 40213, 40208, 40228, 40204, 40210, 40217, 40242, 40243, 40202, 40280, 40209, 40231
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