Best Medical Billing Companies in New Mexico
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How Much Does Medical Billing Cost in New Mexico?
The cost of medical billing in New Mexico 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 New Mexico. 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 New Mexico 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
Mednet Medical Billing & Coding
7801 Academy Rd NE suite 2-102, Albuquerque, NM 87109 | +1 505 341 0070
The medical billing and coding company, Mednet was started by Scott Wood in 1985 after ten years of experience with Medicare. He knew that these challenges could be daunting for practitioners who are trying their best to face obstacles like high processing fees or bulky software applications- so he created a way around it all. Read more of our review on our top choice for the best medical billing company in Albuquerque.
EZE Medical Billing Services/h4>
11100 Apache Ave NE, Albuquerque, NM 87112 | +1 505 730 2021
EZE Medical Billing Services offers expert revenue cycle management solutions for the healthcare industry which includes providing customized reports on payments made by insurance companies so you’ll always know what’s going out and coming back in. Read more of our review on our top choice for the best medical billing company in Albuquerque.
Medical Practice Billing Inc.
8500 Menaul Blvd NE, Albuquerque, NM 87112 | +1 505 830 4800
Eric Lester founded Medical Practice Billing in 2003 with one goal – to provide private practicing physicians throughout New Mexico with assistance in managing and billing their medical practices. Read more of our review on our top choice for the best medical billing company in Albuquerque.
Medical Billing Companies in Albuquerque
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New Mexico Zip Codes Where We Provide Medical Billing Service
Albuquerque
87121, 87114, 87120, 87105, 87111, 87123, 87112, 87109, 87110, 87108, 87107, 87106, 87102, 87122, 87113, 87104, 87116
More New Mexico Zip Codes we serve:
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