From having done billing since 1995 we can safely say that for most specialties 95-97% of claims are processed correctly within 30 days of submission (for behavioral health the percentage is closer to 98-99% of claims).
It is our goal to submit claims accurately and promptly (by the next business day at the latest). Prompt and accurate submissions reduce the number of claims that require follow-up work.
Furthermore, our incentive is simple. If claims would deny and not be processed due to errors on our end, you would stop using us. However, if we do our job and submit the claims promptly and accurately AND we promptly notify you of any problems/issues with claims, it maximizes your revenue and you will be happy with our services.
Finally, generally you OVERPAY when using a billing service on a percentage basis, depending upon the average dollar amount of reimbursement per claim. For many of our clients who receive reimbursements that average $60-$100 per visit, you can pay $4.20-$8.00 per visit (assuming a percentage of 7-8% paid by the other service). In addition, with MBPros you may be able to bill more than 1 patient visit on a claim (for example, you see John Smith twice during the week). If so, that reduces your per-visit charges for claim submission.