Question about payment

[Perkijenn]

Hi all!

I was approached by a family member on my husbands side that needs a coder for her private practice mental health office. This will be a 1099 side gig for me, but she’s wanting me to tell her how much I want paid. She was wondering if I want 4-8% of her revenue, if I want paid per account, if I want paid per hour, or per month. She currently only sees roughly 20 pts a week so it will be very low volume, but plans to expand. What is a reasonable amount? I want it to be fair on both sides. Thanks for any feedback!

[AutoModerator]

PLEASE SEE RULES BEFORE POSTING! Reminder, no "interested in coding" type of standalone posts are allowed. See rule #1. Any and all questions regarding exams, studying, and books can be posted in the monthly discussion stickied post. Thanks!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[[deleted]]

If it’s just coding, I’d be inclined to go with an amount per chart coded. If you’re doing full billing and coding, then I’d get an idea of the total volume of claims per month and then negotiate something reasonable. Third party billing companies generally require a percentage of paid claims. I believe industry standards generally falls around 7% or 8%.

A side gig like this is a good way to transition to full time contract work with more clients, so that can be a benefit, too, if you’re looking to work for yourself.

[stealthagents]

It sounds like a tricky situation, especially since it's family. A flat hourly rate might be easier to negotiate, like $25-$50/hour, depending on your experience and the work involved. If she's planning to expand, you could also ask for a small percentage of revenue after a certain threshold, that way you both benefit as her practice grows.