Just How Well Are You Getting Paid?

Did you ever ask yourself this question?

In today’s environment, it’s important to know how well you get paid from each insurance carrier.

Maybe you are not even getting paid enough to cover your costs.

Let’s say you have an item you dispense (it could be a DME item or anything else that an insurance carrier would pay for) – or, you perform a specific service or medical procedure.

For an optometrist, this might be a pair of glasses. For a podiatrist, it might be a bunion surgery, or a night splint. For an infectious disease specialist, it might be a hospital consult.

You get the point.

So, how well are you actually getting paid?

This is actually quite easy to find out, using the Line Item Report.

When you open the Line Item Report window, enter the starting code and ending code for the report. For example, to see a range of codes, you could enter 28290 to 29299 to see all bunion procedures, or L4 to L5 to see codes between L4000 and L5000 – but if you enter 28296 to 28296, you will limit the report to only one code.

Check the SHOW INVOICES AND CREDITS APPLIED check box, and print the report.

This report will show you every invoice during the date range specified with every payment applied – showing you how much each carrier paid and how much you had to write off.

You can limit the report by insurance carrier, treatment provider, treatment location, or even zip code if desired.

In today’s environment, it’s important to know how well you get paid from each insurance carrier. Now, it’s easy.

Recent Posts

New in KIP MediWeb 1.256 is a feature that makes it easy to change where th

How many times have you left a Post-It Note on somebody's computer in your office? Wouldn't it be ni

Automate sending letters to your New Patients and send their chart notes to their Primary Care Phys

The video below is a tutorial showing you how to navigate and use the new patient insurance screen w

Did you ever submit a claim to Medicare only to have it come back paid wrong? Maybe you forgot a mo

Who are we?

We are Knowledge is Power, Inc. (also known as KIP). Knowledge is Power, Inc. was first formed in 1989. We were one of the first to bring the price of power computing within reason. Over the years, we have learned a lot about your business, and your needs. We applied this knowledge to make the best system even better. The result: today’s KIP MediWeb™ is more than just an efficient way to move claims. It’s a solution so powerful that it will forever change your view of computing.


By Dr. David J. Schlam I have heard that in the past eight years, paperwork for the medical office has increased twenty times. Given what I have seen and experienced, I would tend to believe this...read full article