Percentage of dollars spent on billing by our Online Session 6, either 1. Do som

Question

Percentage of dollars spent on billing by our Online Session 6, either 1. Do some industry research and determine for a provider [i.e. individual physician, physician group, hospital, or IDN (integrated delivery network made up of hospitals and physician groups)] an approximate percentage of their operating budget is spent on their billing process; or 2. Contact a provider [i.e. individual physician, physician group, hospital, or IDN (integrated delivery network made up of hospitals and physician groups)] and ask them what percentage of their operating budget is spent on their billing process. Share your findings with the group

Explanation / Answer

Assume that the bill amount was $9500.

1) As per the Industry research,

An approximate percentage of their operating budget spent on their billing process is Maximum of 20% of the bill.

2) As per details acquired by contacting a provider,

An approximate percentage of their operating budget spent on their billing process is Maximum of 10%-15% of the bill amount.

Note:

Thought may be this is not the full Question..

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.