Best Medical Practice Management Solutions in Kentucky

Albert B Chandler Hospital Kentucky

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How Much Does Medical Billing Cost in Kentucky?

There are a few things to consider when thinking about the cost of medical billing services in Kentucky. The first is the size of the practice. The larger the practice, the more patients there are likely to be, and the more paperwork that will need to be processed. The second is the type of insurance accepted by the practice. If a practice accepts Medicare or Medicaid, it may have different billing requirements than a private insurance company. Finally, the location of the practice can also affect costs. Practices in rural areas may have higher overhead costs than those in urban areas, for example.

On average, medical billing services in Kentucky cost between $5 and $10 per patient visit. Larger practices may pay more, but this is typically offset by the volume of patients they see. Practices that accept Medicare or Medicaid may also pay slightly more, but this is typically offset by the fact that these government programs have higher reimbursement rates than private insurance companies.

Start-up Fees:

There is no set cost for start-up fees to use medical billing services in Kentucky. However, many companies will require a monthly or annual subscription fee in order to access their system. Additionally, some providers may also charge per-transaction fees. Make sure to ask your potential provider about all associated costs before signing up for their services.

Recurring Fees:

The average cost of recurring fees for medical billing companies in the state of Kentucky is $200 per month. However, some companies charged as much as $500 per month, while others charged as little as $50 per month. There are a number of factors that can impact the cost of medical billing services, including the size of the practice, the number of providers, the type of services provided, and the geographic location. In general, larger practices and those with more providers will pay more for medical billing services than smaller practices or those with fewer providers.

One-Time Fees:

There are a few one-time fees associated with using medical billing services in Kentucky. The first is the setup fee, which covers the cost of setting up your account and training your staff on how to use the system. This fee is typically between $500 and $1,000. The second is the monthly subscription fee, which covers the cost of access to the medical billing software and support from the billing service. This fee is typically between $50 and $100 per month. Finally, there may be a per-transaction fee for claims processing. This fee is typically between $0.25 and $0.50 per claim.

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Top Medical Practice Management Companies in Kentucky

Physician Practice Management Company VivinxVivinx

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 practice management company in Louisville.

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physician practice management company Merrick ManagementMerrick Management

425 Lewis Hargett Circle, Lexington, KY 40503 | +1 (859) 268-1030

 

Merrick Management has been providing help to anesthesia services since 1975. They are focused on helping small businesses grow through management of the revenue cycle, practice management and accounting expertise, with an emphasis placed on meeting your patient’s needs.¬†Read more of our review on our top choice for the best medical practice management company in Lexington.

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Medical Practice Management Services Lexington, Medical Practice Management Services Louisville

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Lexington

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Louisville

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