Where Should Payer Payments Go When I Use a Billing Company?

Ask for payer deposits to go to a bank account in your practice’s name that you control. The Medicare and Medicaid rules restrict payment to billing agents, and a practice-controlled account keeps the billing company out of the payment path. Your agreement should also say whether the fee is calculated on collections or on billed charges. Our breakdown of whether billing companies are worth it covers which dollars the fee applies to and what leaving costs.