jurisINK™ BILLING & REVENUE MANAGEMENT SERVICES
If you are consistently getting behind in your billing or collections and want to improve your law firm’s monthly cash flow, jurisINK™ is the answer. Outsourced Billing Services offered through jurisINK™ is much more than a virtual billing assistant. Think of jurisINK™ as your Billing Department equipped with a Billing Manager and Billing Specialist all-in-one at a flat fee per month based on the average monthly invoices sent to your clients. Our core services include:
System Creation and Implementation – Yes, that’s right. JurisINK™ gives you a tried-and-true billing system to organize, operate, manage and monitor your law firm’s revenue cycle which will ensure that you keep cash rolling in throughout the month.
Nuts & Bolts Execution – This is where your virtual Billing Specialist comes into the fold. Your dedicated Billing Specialist will handle your billing and accounts receivable (“AR”) throughout the month on a schedule agreed to by you and us and provide you with monthly attorney productivity reports so you can keep tabs on each attorney’s revenue generation.
Billing Management and Reporting – Now, your virtual Billing Manager enters the picture. In this step, you will work with our team to customize the billing system to meet your specific financial objectives, goals and strategies. You will receive monthly bill run reports which will keep you informed on the status of AR, client trust balances, bill run volume, and WIP (i.e. unbilled time for the billing period).
System Integration and Reconciliation – Because your law practice management software does not truly integrate with your accounting software, we will conduct a checks-and-balances test each month to reconcile the two systems. This ensures accuracy of the information regardless of the system in which it is stored and, more importantly, it allows us to discover any data errors across the systems on a monthly basis.
Our Outsourced Billing Services are designed to provide you with a highly-efficient billing system which allows you (as a lawyer) to minimize the amount of time you spend on non-value added billing and AR tasks while maximizing the amount of time you spend performing the valued-added, revenue-generating tasks of practicing law and developing business. The integrity, consistency, and reliability of our services will make you regret not hiring us sooner.
In the end, jurisINK™ operates as an extension of your law firm. It is a collaborative partnership. We are thrilled at the opportunity to join your team and take your law firm to the next level.
STEPS IN THE jurisINK™ billing pROCESS
STEP 1: BILLING SET UP
STEP 2: TIME/EXPENSE ENTRY
STEP 3: MASTER BILLING LIST & PRODUCTIVITY REPORTING
STEP 4: PREBILLS
STEP 5: FINAL BILLS
STEP 6: BILL RUN REPORTING
STEP 7: REMINDER STATEMENTS
STEP 8: END-OF-MONTH RECONCILIATION
STEP 9: COLLECTION
STEP 10: APPEALS
jurisINK™ is offering a billing system, not an on-demand billing platform. Although we know emergencies may arise at times, your Virtual Billing Specialist will have a set schedule with your firm and she will complete your billing tasks during those times. This schedule will allow you to maintain controls over the process and know when tasks will (or will not be) completed.
Outsourced Billing Services are offered on a tiered system based on the average monthly volume of bills and our experience as to the amount of work required to complete the tasks at those varying levels.
INITIAL FEE (varies depending on existing billing system)
Average 10-20 monthly invoices
Average 25 hours per month of Billing Specialist services
Average 1-2 hours per month of Billing Manager services
Average 21-40 monthly invoices
Average 30 hours per month of Billing Specialist services
Average 2-3 hours per month of Billing Manager services
Average 41-60 monthly invoices
Average 35 hours per month of Billing Specialist services
Average 3-4 hours per month of Billing Manager services
Average 61-80 monthly invoices
Average 40 hours per month of Billing Specialist services
Average 4-5 hours per month of Billing Manager services
If you would like additional information about our billing & revenue management services or would like to talk with one of our team members, please complete and submit the “Request A Quote” form below or call us at 216-367-5677.