A Tool to Calculate, Test, and Compare Contract Rates and Charges
FeeCreator™It’s rare to find a payer agreement that provides you—in dollars and cents—what the expected allowable rates should be for every code the practice performs. With FeeCreator, you can!
Just like in a restaurant, when you order from a menu that says “market price” for an item, don’t you generally ask what the charge will be before you order?
Well, why would you let a payer reimburse you their “market fee schedule” without first calculating the dollar amount you will be paid for each and every procedure code for which you might bill that payer during the term of your contract? FeeCreator helps you do that.
With FeeCreator™ you can convert your vague contract exhibit language into dollars and cents, create your chargemaster and prompt pay discounts, line up all of your payer contract rates, and much more.
Ever wonder how to turn this…
Into this?
Use the HBN FeeCreator™ tool!
Don’t get stuck, like so many practices, with a dusty drawer full of contracts and addenda with vague or obsolete fee schedules that don’t tell you the dollar amounts you should get paid. Try FeeCreator today.
Use FeeCreator™ to:
Develop Payment Programs
Develop prompt payment discount programs with FeeCreator for: uninsured self-pay patients who are willing to pay the bill on the date of service, or hardship discounts when a patient does not have the financial means to pay the entire bill.
Monitor Compliance
Copy and paste dollar values into your practice management billing system and/or provide them to your denials management vendor with FeeCreator so that you can monitor compliance with payer reimbursement.
Test Rates
Add your own unique utilization data, charges, and state-specific schedules like worker’s comp. Test them against numerous years of Medicare rates for your locality—with FeeCreator.
Organize Data
Details
What’s holding you back?
What about the cost?
For just a few hundred dollars, you send us your CPT® list and you get back a custom-tailored tool with six years (or periods if CMS had more than one schedule in a year) of Medicare percentages and Medicare RBRVS loaded into the tool for your unique CPT® list.
From there, FeeCreator™ is yours to explore, edit, and keep—no web login and no time limit on how long you can use the tool. And if a new year of Medicare needs to be added, for a reasonable charge HBN can update your tool.
don’t have time (or know how) to organize your data into something usable?
No problem. HBN specialists routinely assist practices with calculating payer rates and populating FeeCreator™ tools with client data to make the tool even more powerful.
HBN will build your FeeCreator™ tool to whatever specifications you give us. With HBN’s knowledge of market trends, we’ll ensure your tool is uniquely suited to address the analytical needs of your practice.
Take a closer look at HBN’s
FeeCreator™ tool features:
FeeCreator Overview
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Testimonial
“FeeCreator helps us to see side-by-side rate comparisons and assists in setting our charges.”
Health Business Navigators
760 Campbell Lane, Suite 106-160
Bowling Green, KY 42104
Tel: 270-782-7272
Fax: 770-234-4245
info@healthbusinessnavigators.com