Re: collecting AR
From: Charlie Chambers (ricechaz@earthlink.net)
Wed Jul 25 11:39:00 2007
Thanks for the help. Should give me some numbers to at least start to
consider.
On Jul 24, 2007, at 6:50 PM, Lynn Montgomery wrote:
> Charlie,
>
> I talked with my office manager who has been involved in this sort
> of thing. She stated that there are two ways that agencies
> typically handle this; either they charge a fee in a range from
> 15-25% of collections – typically escalating as the accounts age
> because the longer they are on the books, the more work it has
> taken, or you buy the AR up front, typically for 25% of the gross
> amount. The second way is justified by the fact that you are
> typically gonna collect about 50% of outstanding AR and then you
> get your 25%. Either way, both parties should come out about the
> same.
>
> Lynn
>
> Lynn D. Montgomery, M.D.
>
> Obstetrics & Gynecology, Maternal-Fetal Medicine
>
> The Birth Center/Rocky Mountain Women's Health
>
> 1211 S. Reserve St.
>
> Missoula, Montana, 59801
>
> 406-549-0978
>
> fax 406-549-0987
>
> e-mail: apgar10@thebirthcentermt.com
>
> From: ob-gyn-l@obgyn.net [mailto:ob-gyn-l@obgyn.net] On Behalf Of
> Charlie Chambers
> Sent: Tuesday, July 24, 2007 11:50 AM
> To: Multiple recipients of list OB-GYN-L
> Subject: Re: collecting AR
>
> Thanks Lynn. Do you have a range of percentages that would be fair?
> I have no idea what would be reasonable.
>
> On Jul 24, 2007, at 10:42 AM, Lynn Montgomery wrote:
>
> Charlie,
>
> I would suggest doing it similar to what a billing service would do
> and take a percentage of what is collected. You can negotiate a
> percentage that will cover your costs and maybe even a little
> profit and still get her some revenue.
>
> Lynn
>
> Lynn D. Montgomery, M.D.
>
> Obstetrics & Gynecology, Maternal-Fetal Medicine
>
> The Birth Center/Rocky Mountain Women's Health
>
> 1211 S. Reserve St.
>
> Missoula, Montana, 59801
>
> 406-549-0978
>
> fax 406-549-0987
>
> e-mail: apgar10@thebirthcentermt.com
>
> From: ob-gyn-l@obgyn.net [mailto:ob-gyn-l@obgyn.net] On Behalf Of
> Charlie Chambers
> Sent: Tuesday, July 24, 2007 11:31 AM
> To: Multiple recipients of list OB-GYN-L
> Subject: collecting AR
>
> Wonder if anyone has had any experience with closing out someone's
> AR? We have an unrelated specialist who has been paying us to use
> space/billing etc. She's moving away and therefore closing her
> practice. She'd like us to work what remains of her AR after she
> leaves. Anyone have any experience doing this, and what would be
> fair to charge to work the AR?
>
> Thanks
>
> **********************************************************************
> ***
>
> Charlie Chambers
>
> Hood River, OR
>
> cchamber@alumni.rice.edu
>
> "No matter where you go...
>
> there you are."
>
> Dr. Buckaroo Banzai
>
> **********************************************************************
> **
>
> **********************************************************************
> ***
>
> Charlie Chambers
>
> Hood River, OR
>
> cchamber@alumni.rice.edu
>
> "No matter where you go...
>
> there you are."
>
> Dr. Buckaroo Banzai
>
> **********************************************************************
> **
>
************************************************************************
****
Charlie Chambers
Hood River, OR
cchamber@alumni.rice.edu
"... all good things, trout as well as eternal salvation,
come by grace and grace comes by art
and art does not come easy."
-Norman Maclean
************************************************************************
******
