Fee for Service
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Fee for Service Business Model

In its most generic context, fee-for-service is a standard business model where services are unbundled and paid for separately. Business units known as providers, including Skayia Solutions as an accounting firm, sell goods or services to “customers” with the intent of recovering the costs incurred in providing those goods and services. This customer-provider relationship is designed to make managers and decision-makers at all levels more concerned with the costs of those goods and services. Skayia Solutions, as an accounting firm, has extensive experience in the establishment and operation of fee-for-service organizations ranging from those operating completely within a Federal agency to ones crossing agency boundaries. We have worked with formal Working Capital Funds (WCF) chartered by Congress as well as those working strictly on an internal agency reimbursable order basis.

TESTIMONIALS
What People
Say About Us
Amal Abi-Saab
Amal Abi-Saab
2024-01-05
Over the past years, I've engaged Skaya Solutions (a women-owned small business) on various projects and have been consistently impressed by the team's technical skills and professionalism. With 28 years of experience working with multiple consulting firms, I find Skayia’s expertise in technical accounting, familiarity with new ASU 2018-08, lease accounting, financial systems, NICRA/ICS negotiations, proposal writing, policy drafting, Executive/Board presentation and reporting, and international field operations commendable. What sets Skaya Solutions apart is their unwavering commitment and strong work ethic, evident in accurate billing, timely project completion, and a dedication to excellence.
John Esplin
John Esplin
2023-10-10
Having partnered with Skayia several times on different projects, I have come to greatly appreciate their skills and attention to detail. From start to finish, they have always demonstrated the highest level of expertise and professionalism. I highly recommend them to anyone in need of technical or professional services, especially within the Financial domain.

Fee for Service FAQ’S

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What is Fee for Service?

Fee for Service refers to a payment model where services are unbundled and paid for separately. In this model, providers or professionals are paid based on the individual services they render, rather than a fixed rate or salary.

What are the advantages of the 'Fee for Service' model?

Some advantages include clear transparency in pricing for specific services, potential for increased revenue for providers if they deliver more services, and flexibility for consumers to choose and pay only for the services they receive.

How are fees determined in a 'Fee for Service' model?

Fees can be set based on industry standards, competitive analysis, cost-plus pricing (considering the cost of service plus a markup), or negotiated rates with insurance companies or corporate clients.

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