How to balance billable and non-billable hours?

Balancing billable and non-billable hours is a constant challenge for agencies, consultants, and contractors. Clearly, companies and teams want to bill as many hours as possible, but one of the most effective ways to get new clients — and more hours — is to do more of non-billable work: marketing, internal branding, recruiting, etc.

Is it bad to give out non billable hours?

This is not only because giving away hours and over-servicing clients costs your organization a great deal. It’s also because as a for-hire organization, word of mouth is everything, and you do not want to put yourself in a position where the client is giving you bad reviews.

What’s the best way to keep your billable hours?

The answer: You overbook. Not a lot. Try 10% to start. Given the vicissitudes* of the market, if you book your team at 110% capacity, you can bet there’ll be enough drop-off that you consistently work at something closer to 100%. This will keep your billable hours at an even level.

What’s the difference between billable and non billable time?

It’s one thing to track and understand billable vs. non-billable time. It’s another to know how much billable time each employee on your team should be working. Employee utilization is essentially the percent of time that any employee or department is billable.

When is balance billing illegal in health insurance?

Balance billing is generally illegal : 1 When you have Medicare and you’re using a healthcare provider that accepts Medicare assignment 2 When you have Medicaid and your healthcare provider has an agreement with Medicaid 3 When your doctor or hospital has a contract with your health plan and is billing you more than that contract allows More

When does a hospital billing you more than the contract allows?

When your doctor or hospital has a contract with your health plan and is billing you more than that contract allows. In each of these cases, the agreement between the health care provider and Medicare, Medicaid, or your insurance company includes a clause that prohibits balance billing.

Are there bills to protect patients from balance billing?

Montana has enacted a series of bills to protect patients from balance billing from air ambulance providers. Tennessee enacted SB1869 in 2018. The legislation requires medical facilities to disclose to patients, in writing and prior to treatment, if any of the medical providers at the facility are out-of-network with the patient’s insurance.

Can a out of network insurer balance bill a patient?

And out-of-network insurers working at a facility that’s in-network with the patient’s insurance cannot balance bill the patient unless they have also provided written disclosure to the patient about the lack of in-network insurance coverage for their services.