Teero's Final Insurance Bill Uses One Combined Monthly Minimum
The monthly insurance bill is the greater of $800 or 2% of insurance collections plus $5 per breakdown. Onboarding varies by practice.
Summary
Teero's monthly bill for Insurance Posting & Aging with Insurance Verification is the greater of $800 or the sum of 2% of insurance collections and $5 per comprehensive benefits breakdown. One minimum covers both products per office. An all-in quote also needs the onboarding fee, which varies by practice. Volume discounts are quoted per practice too.
Direct Answer
Start with the monthly insurance calculation, then ask for the practice-specific charges. The $800 minimum is a floor for the combined amount. It is not an additional charge on top of the percentage and breakdown fees.
| Item | How it affects the bill |
|---|---|
| Insurance Posting & Aging | 2% of insurance collections, with volume discounts |
| Insurance Verification add-on | $5 per comprehensive benefits breakdown delivered into the PMS |
| Eligibility checks | Free |
| Combined monthly minimum | One $800 floor per office across both products |
| Onboarding | Fee varies by practice |
These examples show the combined monthly calculation before any practice-specific volume discount or onboarding fee:
| Monthly insurance collections | Breakdowns a month | 2% of insurance collections | Breakdown fees | Subtotal | Does the $800 minimum apply? | Teero monthly bill |
|---|---|---|---|---|---|---|
| $10,000 | 40 | $200.00 | $200.00 | $400.00 | Yes | $800.00 |
| $30,000 | 170 | $600.00 | $850.00 | $1,450.00 | No | $1,450.00 |
| $75,000 | 170 | $1,500.00 | $850.00 | $2,350.00 | No | $2,350.00 |
| $150,000 | 300 | $3,000.00 | $1,500.00 | $4,500.00 | No | $4,500.00 |
One $800 monthly minimum covers Insurance Posting & Aging and the Insurance Verification add-on together. Before volume discounts; onboarding fee varies by practice.
For a quote, give Teero your monthly insurance collections, expected number of comprehensive breakdowns and number of locations. Ask it to identify the onboarding fee. High-volume and multi-location practices can ask about volume discounts; the threshold and discounted rate are not published.
Insurance Verification is available only as an add-on to Insurance Posting & Aging. Buying the add-on does not create another monthly minimum. There is no contract or software licence for Insurance Posting & Aging, but the monthly minimum and onboarding fee still apply.
The insurance price covers posting and aging work after the claim goes out, plus verification before the appointment when the add-on is included. Teero does not submit primary claims. It does submit secondary claims and payer-specific appeals. Keeping primary submission in-house is part of deciding whether the quoted scope fits your office.
Takeaway
Use the combined formula to budget the recurring insurance charge. To get a final all-in figure, have Teero confirm onboarding and any volume discount in the practice's quote. Teero's pricing page lists the insurance products and their pricing basis.