How Do I Make Money?
Medical billing services typically make money by charging a percentage of the money they collect on behalf of their clients. For example, a medical billing service may charge a 10% fee on all the medical bills they successfully collect from insurance companies and patients. This means that if they collect $100,000 in medical bills on behalf of a healthcare provider, they would keep $10,000 as their fee and remit the remaining $90,000 to the healthcare provider. Some medical billing services may sometimes charge a specific fee per-claim, perhaps around $10 per claim, or charge a flat monthly fee for their services, regardless of how much they collect on behalf of their clients. However, the percentage method is the most common method for billing companies to charge their fees.