Treatment Interest Formulae (10%): [ .000274 X Number of Day Late X Treatment Fees Owed = Interest Owed ] Now, add 15% of whole bill! THIS IS FOR TREATMENT BILLING.

Med-Legal Interest Formulae (7%): [ .000192 X Number of Days Late X Med-Legal Fees Owed = Interest Owed ] Now, add 10% of whole bill! THIS IS FOR MED-LEGAL BILLING ONLY!

For example: If the insured is 180 days late in paying your $1500.00 bill for medical treatment rendered, the Insurer now owes $73.98 in interest [.000274 X 180 X 1500.00 = 73.98] and $225.00 in penalty [.15 X 1500.00 = 225.00] . This totals to $298.98 in penalty & Interest. That's pretty good return on the dollar these days.