Best Medical Billing Companies in New York
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How Much Does Medical Billing Cost in New York?
The cost of medical billing services in New York varies based on practice size, patient volume, and service complexity. On average:
Small practices: $500–$1,500 per month
Medium-sized practices: $2,500–$10,000 per month
Large practices: Costs can exceed $10,000 per month
Alternatively, some providers charge per claim, typically ranging from $4.07 to $6.37 per claim, or 4.3% to 9.1% of the collected revenue.
Start-up Fees:
Start-up fees for medical billing services in New York typically range from $300 per provider, with caps between $975 and $1,499 for larger practices. These fees cover software integration, staff training, and initial setup.
Recurring Fees:
Recurring monthly fees depend on the billing model adopted. Practices may choose between:
Flat fee model: Predictable monthly charges, suitable for consistent claim volumes.
Percentage-based model: Charges based on the volume and complexity of claims, ideal for practices with fluctuating patient loads.
Additional costs may include administrative fees ranging from $3,000 to $6,800 annually, covering software updates and maintenance.
One-Time Fees:
One-time fees may encompass services like credentialing, compliance consulting, and specialized software training. These fees typically range from $500 to $5,000, depending on the services required and practice complexity.
Overall, the cost of medical billing in New York 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.
As of September 30, 2024, over 6.7 million New Yorkers were enrolled in health insurance through NY State of Health, representing more than one-third of the state’s population. This widespread coverage underscores the importance of efficient medical billing services to manage the high volume of claims and ensure timely reimbursements.
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Top Medical Billing Companies
Maxim Management Services LLC
3085 Harlem Rd STE 350, Buffalo, NY 14225 | +1 716 844 5600
Maxim Management Services, LLC offers a complete range of administrative services to any practice in Western New York State. With their most comprehensive package available for an affordable price point they can provide accurate results that meet your needs. Read more of our review on our top choice for the best medical billing company in Buffalo.
VGA Billing Services, Inc
153 W 27th St #1101 New York, NY 10001 | +1 212-206-6465
VGA Billing Services, Inc. has been a full-service medical billing company since 2007 and they are committed to providing the best possible service for their clients with extensive experience in insurance verification as well as collections services among others that include claims processing or coding compliance consulting. They offer an array of solutions designed to meet all your needs. Read more of our review on our top choice for the best medical billing company in New York.
Beelinkes
100 Kimball Ave, Yonkers, NY 10704 | +1 914 338 9900
Beelinkes Inc. is here to help you stay compliant with all recent changes in regulations, including highly professional advice from their account management team who understands how unique each organization’s needs may be. Read more of our review on our top choice for the best medical billing company in Yonkers.
Logical Billing Solutions, Inc
2510 Chili Ave Suite 3, Rochester, NY 14624 | +1 585-563-1112
Logical Billing Solutions efficiently processes medical bills for ambulance services, ensuring that providers can submit their claims and track them so they are paid out when it’s due. Their clear & concise communication makes the process easy to follow from start to finish. Read more of our review on our top choice for the best medical billing company in Rochester.
Medical Management Resources, Inc.
5000 Brittonfield Pkwy # 500, East Syracuse, NY 13057 | +1 315 446 0033
The MMRI team is a group of experienced professionals who have been working in healthcare for years. They know what it takes to succeed and will help your practice big or small with their expertise from managing revenue streams all the way down through coding so that you can focus on caring more than paperwork. Read more of our review on our top choice for the best medical billing company in Syracuse.
Medical Billing Companies in New York, Medical Billing Companies in Syracuse, Medical Billing Companies in Rochester, Medical Billing Companies in Buffalo, Medical Billing Companies in Yonkers
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New York Zip Codes Where We Provide Medical Billing Service
New York
10025, 10029, 10002, 10027, 10032, 10023, 10031, 10128, 10033, 10009, 10024, 10003, 10016, 10011, 10028, 10019, 10040, 10021, 10034, 10026, 10035, 10010, 10022, 10030, 10014, 10013, 10036, 10039, 10001, 10012, 10038,
10037, 10017, 10044, 10280, 10018, 10005, 10007, 10069, 10282, 10004, 10006, 10162, 10279, 10020, 10103, 10110, 10111, 10112, 10115, 10119, 10152,
10153, 10154, 10165, 10167, 10168, 10169, 10170, 10171, 10172, 10173, 10174, 10177, 10199, 10271, 10278
Syracuse
13210, 13208, 13212, 13204, 13205, 13206, 13203, 13219, 13215, 13209, 13207, 13214, 13224, 13202, 13211, 13290
Rochester
14609, 14624, 14612, 14621, 14626, 14606, 14616, 14623, 14620, 14617, 14618, 14615, 14611, 14607, 14613, 14610, 14619, 14622, 14605, 14608, 14625, 14604, 14627, 14614
Buffalo
14221, 14215, 14224, 14225, 14226, 14207, 14213, 14217, 14220, 14211, 14216, 14223, 14228, 14227, 14206, 14214, 14218, 14210, 14222, 14219, 14201, 14212, 14208, 14204, 14209, 14261, 14202, 14203
Yonkers
10701, 10705, 10704, 10710, 10703
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