- 5 - maintain a log of the information on the pink slips but relied on the billing services to accurately account for the billing. Petitioner used three unrelated billing services to collect his fees from patients. Petitioner used Professional Financial Services from March 1989 until the end of that year; he used Hagy & Hagy until June 1990; and he used Lynx Medical from June 1990 until December 1991. Petitioner resigned from the Highline Community Hospital effective September 1, 1991, and used Professional Financial Services to collect the residual receivables remaining after December 1991. After petitioner retired, he moved to Roseburg, Oregon. The billing services billed petitioner's patients and their insurance carriers, collected the payments, and deposited the payments into petitioner's main bank account at First Interstate Bank (the main account). For these services, the billing services billed petitioner a percentage of the receivables collected, usually 11 percent to 14 percent. The billing services collected approximately 50 percent of the gross charges, primarily because of disallowances by insurance carriers. The billing services sent petitioner lengthy monthly statements of his accounts. Occasionally a billing service would receive an overpayment resulting from payments from both the patient and the patient's insurance carrier. Petitioner established a separate refundPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011