Fee Schedule Analysis

It is extremely important to keep your fees reasonable and competitive in the market. It is also important that you know the amounts allowed by CPT code for the insurance plans you participate in. If any of the insurance plans are paying you 100% of specific codes charged, it indicates your charges are too low. That means you are losing additional revenue you could be bringing into your practice if your fees were at a reasonable level. To contrast that, you may have some fees excessively high for the main insurance plans you participate in. In that case, it distorts your collection ratios and gross collection percentages because you have to adjust off an excessive amount. A Fee Schedule Analysis can give you the information needed to adjust your charges to a more reasonable level so you have a more accurate financial picture of your practice.