When signing up with different insurance companies, do you let the practice or the agency sign themselves up? Or do you sign up and add them to your group?
My dilemma is this: Do I need to sign my business up with all insurance companies I plan on billing to for the practices or agencies or do I let them do it themselves. Thanks for your help.
Any provider or practices you bill for should sign up with the insurance company. It should be the practice (and the provider) that actually do this. The provider (or the group) is the one who will have a contract or agreement with the insurance company – not the billing agency.
You can assist the provider or practice with the sign up process, however it can be very time consuming and frustrating – especially with Medicare. I’ve done this before – assisted the provider in enrolling with the insurance company. But they actually have to sign any agreements with the insurance carrier.
For our clients I recommend they use someone that specializes in this – that provides what is called “Credentialing services”. They usually do this a lot, are very efficient, and can get the provider signed up with the insurance company much quicker. And what they charge the provider is well worth it.
If you end up doing this yourself, you should consider charging the client for this service. It can take a lot of your time to do this and unless the billing service or agency agrees to provide this service.
Thanks for your question – hope this helps. Visitors please comment below if you have additional advice.