A Tool to Calculate, Test, and Compare Contract Rates and Charges
Ever wonder how you turn this:
Into this?
When you order from a menu that says “market price” for an item, don’t you generally ask what the charge will be in dollars and cents before you order?
Well, why would you let a payer reimburse you their “market fee schedule” without calculating first the dollar amount you will be paid for each and every procedure code for which you might bill that payer during the term of your contract? With FeeCreator you can convert your vague contract exhibit language into dollars and cents, create your chargemaster, and prompt pay discounts, line up all of your payer contract rates and much more.
With Health Business Navigators’ FeeCreator™ tool, that’s how.
Don’t get stuck, like so many practices, with a dusty drawer full of contracts and addenda with vague or dated fee schedules that don’t tell you the dollar amounts you should get paid.
Develop prompt payment discount programs for uninsured self-pay patients who are willing to pay the bill on the date of service or hardship discounts when a patient does not have the financial means to pay the entire bill.
Copy and paste dollar values into your practice management billing system and/or provide them to your denials management vendor so that you can monitor compliance with payer reimbursement.
Add your own unique utilization data, charges, and state-specific schedules like worker’s comp, and test them against numerous years of Medicare rates for your locality.
Utilize the familiar form and functionality of Microsoft Excel® built right into your FeeCreator™ tool—slice, dice, sort, and organize your data just as you would any other Microsoft Excel® spreadsheet.
What about the cost?
For just a few hundred dollars, you send us your CPT list and you get back a custom-tailored tool with six years (or periods if CMS had more than one schedule in a year) of Medicare percentages and Medicare RBRVS loaded into the tool for your unique CPT list. From there, FeeCreator™ is yours to explore, edit, and keep—no web login, no time limit on how long you can use the tool.
Not sure how to organize and analyze your data into something usable? Don’t have the time or the inclination?
No problem: HBN specialists routinely assist practices with calculating payer rates and populating FeeCreator™ tools with client data to make the tool even more powerful. HBN can build your FeeCreator™ tool to whatever specifications you give us, ensuring your tool is uniquely suited to address the analytical needs of your practice.
Ask us for a quote for the basic tool and for the additional bells and whistles that can be added.
More Information
For more information, a demo, pricing, or to make arrangements for your customized tool to be developed, contact us by .
