Medical Billing Invoice Template
Create professional medical billing invoices for claims processing, revenue cycle management, and healthcare billing services. Our template includes claims tracking, performance metrics, and service documentation. Perfect for medical billing companies and billing specialists. Download instantly in PDF, Word, or Excel format.
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Subtotal$6,150.00
Total (USD)$6,150.00
What to Include on a Medical Billing Invoice
Professional medical billing invoices should document:
Company Information- Billing company name
- Business address
- Phone and email
- Website
- Tax ID
- NPI (if applicable)
- Practice name
- Contact person
- Billing address
- Account number
- Tax ID
- Billing period dates
- Month/year
- Claims volume
- Services rendered
- Staff assigned
- Claims processed
- Per-claim fee
- Percentage of collections
- Additional services
- Credentialing work
- Consulting hours
- Total claims filed
- Clean claim rate
- Collection rate
- Days in A/R
- Denial rate
Medical Billing Pricing Guide
Standard rates for medical billing services:
Percentage of Collections- Small practice: 5-10%
- Medium practice: 4-8%
- Large practice: 3-6%
- Specialty practices: 6-10%
- New practices: 8-12%
- Electronic claims: $3-7/claim
- Paper claims: $6-12/claim
- Denials/appeals: $15-35 each
- Complex claims: $10-20/claim
- Small practice: $1,000-2,500/month
- Medium practice: $2,500-5,000/month
- Large practice: $5,000-15,000/month
- Part-time/starter: $500-1,000/month
- Credentialing: $250-500/provider
- Re-credentialing: $150-300
- Patient statements: $1-3 each
- Payment posting: $200-500/month
- Consulting: $75-150/hour
- Chart audits: $75-125/chart
- Software setup: $500-2,000
- Training: $75-150/hour
- Data migration: $500-1,500
- Workflow design: $500-1,000
Medical Billing Service Offerings
Comprehensive billing services:
Core Billing Services- Charge entry
- Claims submission
- Payment posting
- Patient billing
- Collections follow-up
- Denial management
- Eligibility verification
- Prior authorization
- Coding review
- A/R management
- Analytics/reporting
- Practice consulting
- New provider enrollment
- Re-credentialing
- CAQH management
- Contract negotiation
- Network participation
- License tracking
- Coding services
- Compliance audits
- Practice management
- Staff training
- Software implementation
- Workflow optimization
- Monthly financial reports
- Claim status tracking
- Denial analytics
- Collection reports
- Aging reports
- Productivity metrics
Medical Billing Business Best Practices
Run a successful medical billing business:
Compliance Requirements- HIPAA compliance
- Business associate agreements
- Data security
- Audit procedures
- Staff training
- Incident response
- Clean claim rate (>95%)
- Days in A/R (<35)
- Collection rate (>95%)
- Denial rate (<5%)
- First-pass resolution
- Patient satisfaction
- Practice management software
- Clearinghouse connections
- Electronic eligibility
- Automated posting
- Analytics platforms
- Secure communication
- Regular reporting
- Monthly reviews
- Prompt communication
- Issue resolution
- Performance improvements
- Strategic recommendations
- Certified coders
- Experienced billers
- Ongoing training
- Quality assurance
- Productivity standards
- Compliance monitoring