So, how much does it cost?

Registration Fee

$1,500.00—we know, it sounds like a lot.

But the registration fee is about a mutual investment in your practice’s relationship with Innovation.

$1,500.00 defrays the cost of getting your practice setup with us.

Here’s what the reg fee gets you (and what it costs us). All of this totals to $3,000.00, but because we want to invest in the success of your practice, Innovation splits this cost down the middle with you.

  • Creation of a practice database in Innovation’s Practice Management system, AdvancedMD.
    • Full access to all patient and billing information.
    • Access to full-feature scheduler and online charge slips.
    • Setup of UB-04 feature for facility billing, if applicable.
    • Setup for swift electronic claims submission and ERAs.
  • $500.00
  • Training and additional setup in AdvancedMD.
    • Training with our staff on access to and use of AdvancedMD.
    • Setup of custom scheduler layout and charge slips.
  • $500.00
  • Introductory phone meeting with CEO Marnie.
    • In-depth practice consultation.
    • Review and update of existing financial agreements and fees.
  • $300.00
  • Introductory phone meetings with and research by your Account Care Coordinator.
    • Get to know your new biller!
    • Review of practice and provider nuances.
    • Review of billing and coding practices.
    • Research into nuances of billing with specific state, carrier, and contract guidelines.
  • $250.00
  • Customization and/or review of forms, documents, and reports:
    • Maternity Benefits Verification and/or estimated out-of-pocket expenses letter.
    • New Patient Registration Form
    • Encounter Forms
    • Specially requested forms.
    • Review and revision of existing forms and patient agreements.
    • Custom reports based on the practice’s data needs.
  • $250.00
  • Review of existing contracts.
  • $300.00
  • Development of practice-specific workflows.
  • $200.00
  • Setup of practice access to miscellaneous systems and services.
    • eBridge Solutions online file cabinet.
    • Access to Innovation’s Office 365 SharePoint library for online document/report collaboration.
    • Setup of shared collaborative documents.

Billing Fees

8% of Payments

Because our billing is full-service (it includes patient remainder billing and availability of our staff to answer patient questions), our billing fees are 8% of both payments from insurance claims and the amounts due from patients.

Other Fees

We have a monthly data maintenance fee to cover the cost of keeping your databases going in our systems. This fee is:

  • $50.00 per month if you don’t have a facility.
  • $75.00 per month if you do have a facility (the extra $25.00 covers the special features required for facility billing).

We also have a handful of “just-in-case” fees, which are—you guessed it!—just in case you need some extra, above-and-beyond services, like on-site consulting or extra-complicated custom reports.