What is your net collections ratio? If you don’t know or are unsure you may want to evaluate your practice to see if you are collecting ALL that you can. Synergy’s net collections ratio exceeds 97%. (calculate yours here) How much are you spending on your billing staff? One Billing Specialist costs approximately $23,000 to $40,000 per year plus benefits, and don’t forget employee turnover. How much are you spending on your billing costs? The average cost to file a claim is between $7 and $12 per claim. If you see 100 patients per week your cost can be between $36,400 and $62,400 per year. Don’t forget to factor in the overhead costs such as computers, software, office space and utilities. FREE Initial Consultation to evaluate your practice’s needs. Synergy Practice Solutions offers medical billing services to physicians in the Maryland, Delaware, and Northern Virginia area. We let you decide which services you require Services offered: Entering Charges Electronic Claim Transmittals Daily Posting Payments Promptly working aged accounts and insurance denials Detailed Patient Statements 28 day cycle (reviewed prior to mailing) Soft Collections Assigning accounts to collection agency of your choice Monthly reports and meetings to discuss your account Insurance Verification (limitations apply) What comes Standard with all of our services? Keeping you updated on new developments affecting your practice Friendly, courteous, knowledgeable and detail oriented billing specialists Certified Professional Coders on staff Personalized service so that we may better serve your individual needs Pricing Synergy charges a percent of collections. That percentage can vary depending upon the size of your practice and the services requested. Downloads: Billing Brochure (PDF)