One trendy pricing strategy is to bill a percentage of the healthcare provider's collections. This technique connects our success to the healthcare provider's revenue, motivating us to improve collections. The medical billing company only makes money if you pay.
Most medical billing companies apply some form of setup/onboarding fee. But IMBS offers at no cost or free setup and onboarding process.
Reason :
As the healthcare provider's collections increase, the billing company's pay increases accordingly. Because of this alignment of interests, we have a strong motivation to seek and effectively recover money. Furthermore, because both parties stand to benefit from good billing results, this approach is especially favorable for clinics with consistently high average collections.