See how our Medical Billing Solutions can save you money.
See how our Creative Collection Solutions can increase cash flow.
Increase revenue by an average of $26,000 per provider, per year.
Instructions: Complete the fields listed under "Enter Your Figures" column. Do not use decimals. To request a detailed analysis of codes and/or complete billing cost analysis for your practice, please contact us today!
| Insurance Claims Filing | National Average: Providers Billing In-House | National Average: Providers Outsourcing Billing | Enter Your Figures | |
|---|---|---|---|---|
| Number of Insurance Claims Filed Annually | 5,760 | 5,760 | ||
| Average Value Per Claim | $180 | $180 |
$
|
|
| Total Annual Insurance Billing | $1,036,800 | $1,036,800 | ||
| Percentage of Rejected Claims | 25% | 1% |
%
|
|
| Number of Rejected Claims | 1,440 | 58 | ||
| Amount of Rejected Claims | $259,200 | $10,368 | ||
| Percentage of Rejected Claims Never Collected | 40% | 40% |
%
|
|
| Total of Claims Never Collected | $103,680 | $4,147 | ||
| Added Profit from Outsourcing Billing | $99,533 | |||
Instructions: Complete the fields listed under "Enter Your Numbers Here". Do not use decimals. To request a detailed analysis and/or complete billing cost analysis for your practice, please contact us today!
| Payment Plans | Average Provider Without Payment Plans | Average Provider Using Payment Plans | Enter Your Numbers Here | |
|---|---|---|---|---|
| Number of Outstanding Accounts Annually | 100 | 100 | ||
| Average Outstanding Balance Per Account | $400 | $400 |
$
|
|
| Total Amount of Money Outstanding Annually | $40,000 | $40,000 | ||
| Percentage of Outstanding Balances Never Recovered | 45% | 3% |
%
|
|
| Annual Lost Revenue from Accounts Not-Collected | $18,000 | $1200 | ||
| Outstanding Accounts Recovered Annually | $22,000 | $38,000 | ||
| Number of Patients Rejected Annually Who Would Have Qualified for Payment Plan | 40 | 0 | ||
| Average Amount Billed to Each New Patient | $700 | $700 |
$
|
|
| Annual Revenue Lost Due to Rejected Patients as a result of Credit Risk | $28,000 | $0 | ||
| Revenue From Credit Risk Patients Annually | $0 | $28,000 | ||
| Added Annual Income from Outstanding & Credit Risk Accounts | $44,800 | |||
Instructions: Complete the fields listed under "Enter Your Numbers Here" column. Do not use decimals. To request a detailed analysis of collections and/or billing cost for your practice, please contact us today!
| Collection Services | Average Provider Using Traditional Collections | Average Provider Using Our System | Enter Your Numbers Here | |
|---|---|---|---|---|
| Number of Past-Due Accounts Annually | 100 | 100 | ||
| Average Outstanding Balance | $400 | $400 |
$
|
|
| Total of Outstanding Balances Annually | $40,000 | $40,000 | ||
| Average Percentage of Money Recovered | 10% | 45% | 45% | |
| Annual Revenue Collected from Outstanding Accounts | $4,000 | $18,000 | ||
| Average Cost to Collect Each Account | 40% | 4% | ||
| Total Annual Cost to Collect Accounts | $1,600 | $720 | ||
| Revenue Recovered Annually! | $14,880 |
By adding our telehealth system to your practice, you’ll increase revenue by:
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