3 proven medical billing pricing models

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Billingparadise- A California based revenue cycle management and EHR support Company

3 smart pricing strategies to attract more clients to your medical billing company in the era of value-based care. Finding it difficult to attract more clients to your medical billing company? The reason could be your pricing structure. Know how to improve client conversion and retention.

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www.billingparadise.com | Copyright © 2017 BillingParadise
Proven Medical Billing Pricing Models
Every Billing Company’s CEO Must Keep an Eye on

www.billingparadise.com | Copyright © 2017 BillingParadise
Why Our pricing structure is unique?
Pricing is the
most powerful
lever when it
comes to
business.
“ We signed up
40 new clients
within a month by
using this unique
pricing structure”

www.billingparadise.com | Copyright © 2017 BillingParadise
Our basic pricing architecture criteria’s

www.billingparadise.com | Copyright © 2017 BillingParadise
Want to Know How ?
Identified the objections and concerns and created all our metrics with
great value.
We have created a pricing architecture that was attuned to their
specific, very specific, needs.

www.billingparadise.com | Copyright © 2017 BillingParadise
1.Revenue growth
We heard from our clients is, there are too many companies had a
limitations say,
 they don’t do the end-end service,
 there will be a minimum fee,
if you are practicing services like Ophthalmology, physical therapy,
mental health then you might look
for a third party RCM vendor.

www.billingparadise.com | Copyright © 2017 BillingParadise
How we did ?
BillingParadise
The billing director of an ob-gyn
practice in California
“ Luckily, the guys at BillingParadise came alone and do most of
the legwork. I check the draft version of claims And transmit them.
It's increased our productivity a lot”

www.billingparadise.com | Copyright © 2017 BillingParadise
2. Outsourcing
Most healthcare organizations are planning to outsource their
revenue cycle operations by 2020 according to a Black Book
survey,
On the one hand, healthcare organizations wanted to outsource
their RCM operations as it grew increasingly complex and heavily
regulated. But on the other hand, wanted someone to become a
part of their team and grow with their organizations instead of
being a faceless voice.

www.billingparadise.com | Copyright © 2017 BillingParadise
How we did ?
BillingParadise's experts would drive down to the
healthcare organization and Sit with the top-level
management and develop a go-forward plan. Offer the
organization several FTEs who’d meet their expectations
Provide quick replacement if need be. Once the
modalities were out of the way we added another column
to our pricing table. And it worked .

www.billingparadise.com | Copyright © 2017 BillingParadise
3. Bundled package
According to a survey by BlackBook, 80% of hospital leaders were planning to
outsource their entire revenue cycle functions in 2019. The demand for full
revenue cycle management outsourcing has increased by 86% between 2015
and 2019.
But shockingly, only 18% of hospitals implemented a full-fledged revenue cycle
management project in 2018. Because a bundled revenue cycle management
package shouldn’t just cover the various processes and moving parts of the
revenue cycle. It has to go beyond.

www.billingparadise.com | Copyright © 2017 BillingParadise
BillingParadise RCM services:
A denial review process
A complete lost revenue recovery audit to identify revenue leaks
and opportunities
Credentialing and contracting review
Legacy AR support
On-site deployment of resources
MACRA ongoing support
Workflow and revenue cycle management tools
Structured go-live process

www.billingparadise.com | Copyright © 2017 BillingParadise
BillingParadise Pricing Table:
Avoid option overload. Don’t stupefy clients with too many choices. Having to
make too many decisions will lead to no decision being made at all.
Ensure that your pricing packages are not just different price points. They have
to be tied to distinct value metrics
Keep an ear to the ground. Right from services to pricing those services let it
all be centered on your target demographic
Remove cognitive strain by offering transparent and consistent prices
Identify objections and concerns.

Thank you
Get More Revenue
Toll-free: 888-571-9069 , 877-272-1572
Email: info@billingparadise.com
Website: www.billingparadise.com

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2. www.billingparadise.com | Copyright © 2017 BillingParadise Why Our pricing structure is unique? Pricing is the most powerful lever when it comes to business. “ We signed up 40 new clients within a month by using this unique pricing structure”

4. www.billingparadise.com | Copyright © 2017 BillingParadise Want to Know How ? Identified the objections and concerns and created all our metrics with great value. We have created a pricing architecture that was attuned to their specific, very specific, needs.

5. www.billingparadise.com | Copyright © 2017 BillingParadise 1.Revenue growth We heard from our clients is, there are too many companies had a limitations say,  they don’t do the end-end service,  there will be a minimum fee, if you are practicing services like Ophthalmology, physical therapy, mental health then you might look for a third party RCM vendor.

6. www.billingparadise.com | Copyright © 2017 BillingParadise How we did ? BillingParadise The billing director of an ob-gyn practice in California “ Luckily, the guys at BillingParadise came alone and do most of the legwork. I check the draft version of claims And transmit them. It's increased our productivity a lot”

7. www.billingparadise.com | Copyright © 2017 BillingParadise 2. Outsourcing Most healthcare organizations are planning to outsource their revenue cycle operations by 2020 according to a Black Book survey, On the one hand, healthcare organizations wanted to outsource their RCM operations as it grew increasingly complex and heavily regulated. But on the other hand, wanted someone to become a part of their team and grow with their organizations instead of being a faceless voice.

8. www.billingparadise.com | Copyright © 2017 BillingParadise How we did ? BillingParadise's experts would drive down to the healthcare organization and Sit with the top-level management and develop a go-forward plan. Offer the organization several FTEs who’d meet their expectations Provide quick replacement if need be. Once the modalities were out of the way we added another column to our pricing table. And it worked .

9. www.billingparadise.com | Copyright © 2017 BillingParadise 3. Bundled package According to a survey by BlackBook, 80% of hospital leaders were planning to outsource their entire revenue cycle functions in 2019. The demand for full revenue cycle management outsourcing has increased by 86% between 2015 and 2019. But shockingly, only 18% of hospitals implemented a full-fledged revenue cycle management project in 2018. Because a bundled revenue cycle management package shouldn’t just cover the various processes and moving parts of the revenue cycle. It has to go beyond.

10. www.billingparadise.com | Copyright © 2017 BillingParadise BillingParadise RCM services: A denial review process A complete lost revenue recovery audit to identify revenue leaks and opportunities Credentialing and contracting review Legacy AR support On-site deployment of resources MACRA ongoing support Workflow and revenue cycle management tools Structured go-live process

11. www.billingparadise.com | Copyright © 2017 BillingParadise BillingParadise Pricing Table: Avoid option overload. Don’t stupefy clients with too many choices. Having to make too many decisions will lead to no decision being made at all. Ensure that your pricing packages are not just different price points. They have to be tied to distinct value metrics Keep an ear to the ground. Right from services to pricing those services let it all be centered on your target demographic Remove cognitive strain by offering transparent and consistent prices Identify objections and concerns.

12. Thank you Get More Revenue Toll-free: 888-571-9069 , 877-272-1572 Email: info@billingparadise.com Website: www.billingparadise.com

3 proven medical billing pricing models

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