Which of the following fee options would you choose?

Let’s do the math and see if you chose the better option.

Item

  • Allowed Amount
  • % collected
  • Fee rate
  • Amount collected
  • Fee
  • Net reimbursement

Option 1

  • $ 100.00
  • 85%
  • 4%
  • $ 85.00
  • $ 3.40
  • $ 81.60

Option 2

  • $ 100.00
  • 90%
  • 6%
  • $ 90.00
  • $ 5.40
  • $ 84.60

Clearly Option-2 is the much better choice even though it’s fee rate is a full 2% more than the alternative. Even a 5% higher collection rate delivers a far more attractive return in collections, more than wiping out the difference in fee rates.
After all, it is not the fee % rate you save that you take to the bank – it is the amounts collected that you do! 

The most common question we get asked by prospective customers is: “What fee rate do you charge?”
We think it is the wrong question to focus on. The real question is “What percent of allowed amounts do you collect for your current customers, on average?”

Sypore customers across the board have enjoyed a collection rate of over 99% in 2017 and we will repeat this performance in 2018!

OUR VISION

A healthcare environment in which Physicians are clinically autonomous and free from administrative burdens, so that they are able to fully devote their time, talent, passion, and energy to patient care.

OUR VALUES

  • Excellence:
    Pursue excellence in everything we do
  • Fairness:
    Provide the best service our customer can rightfully expect, for a fair price
  • Respect:
    People matter, above all else

OUR MISSION

To help our customers get control over their time to spend it as they prefer and have the financial peace of mind from knowing that their cash flow is always maximized.