Landmark Billing

PROBLEM: Hidden costs lower net income

High Performance Billing – How Landmark Improves your ‘Bottom Line’.

• CAUSE: Office Space Occupied by Billing Department Hurts Profits

  • An in-house billing department needs at least 400 square feet. This increases the billing expenses by $6,000.00 per year. (Determined at $15.00 per Sq. Ft.)

• REMEDY: With Landmark, this ‘wasted’ space can be used for patient care

• CAUSE: Paying Wages on an Hourly Basis Diminishes Output

  • Efficiency is adversely affected when one gets paid by the time spent and not by the quality of the work. Human nature and scientific studies support this. The dollars billed-to-collected ratio of in-house billing averages under 76%.

• REMEDY: Landmark’s clients collect over 90% of billed charges

  • Landmark receives money only when the insurance claim is paid or when the patient’s account is settled. This performance-style fee increases the client’s income because Landmark receives nothing until the client does . . . Landmark has to do a better job!

• CAUSE: Many In-House Billing Departments Do Not Bill Secondary or Tertiary Insurance Carriers and Most Departments Bill Insurance Only Once or Twice per Month.

  • Billing only primary insurance companies causes incomplete insurance payments and frustrates patients because they receive a statement incorrectly indicating that a balance is owed. Many patients express their anger at their care providers and sometimes tend to discontinue using this care provider.
  • Insurance companies start the payment process when they receive the claim so untimely billing greatly slows the cash flow to the client.

• REMEDY: Landmark bills the primary, secondary, and tertiary insurance companies at the same time as they enter the charges

  • Each and every claim is billed electronically to each and every insurance carrier everyday. Patients receive correct statements and care providers receive their money quickly.