The Price of Cash Crunch to Cash Flow
Billing Services Fee. iMAX charges a percentage of the provider’s net revenue from insurance and patient payments. In many cases, the percentage ranges between 5% and 7%. The percentage is based on the provider’s claim volume, reimbursement amount, complexity of coding, efficiency of the provider’s data collection process, and whether iMAX is responsible for patient statements and calls, account receivable follow-up, and denial management.