Increase your bottom line!
There are no upfront fees, and we are not compensated until our clients are paid. No two client’s needs are alike; therefore, our fee schedules are tailored to fit the individual needs of the client. Our fee schedule of choice is a percentage of collections, however; we also have clients utilizing a per-claim fee schedule as well as hybrid fee schedules. For our hybrid fee schedules we align our incentives with yours and are paid a percentage of collection, you gain a true partnership so instead of paying for promises with a team of partners.
Here is an example of a percentage of collections agreement.
IN-HOUSE BILLING COST VERSUS ABSOLUTE BILLING COST
| In-House Billing Solo Practice | Monthly In-House Billing Cost | Absolute Billing Cost |
| Employee Salary (per employee) $15.00 per hour x 40 hours per week = $600 $600 x 52 weeks = $31,200 $34,320 ÷ 12 months = $2,860 $2,600 = one month gross pay | $2,600.00 | $2,500.00 Average of $50,000.00 Net Receivables at 5% |
| Medical Benefits Average PPO plan $165.00 (50% Employer’s portion of dues) | $82.50 | NONE |
| Sick Leave Based on 1/2 day per month = 6 days per year | $60.00 | NONE |
| Vacation Leave Based on a one week paid Vacation per year | $50.00 | NONE |
| Retirement Plan Simple IRA Based on a 3% Employer Contribution per month | $78.00 | NONE |
| Deferred Compensation / 401k Employer matched contribution | Varies | NONE |
| Workers Compensation Based on $0.95 per $100.00 on payroll California policy minimum $500.00 | $24.70 | NONE |
| Payroll Taxes (estimated) Social Security, Medicare, State Unemployment | $200.00 | NONE |
| Practice Management Software (Estimated) | $150.00 | NONE |
| Electronic Claims Submission Fee @ $0.25 per claim Based on 70% of total monthly claims (200 claims) | $35.00 | NONE |
| Paper Claim Forms, Patient Statements Forms Outgoing Envelopes, Return Envelopes | $25.00 | NONE |
| TOTAL COST PER MONTH | $3,305.20 | $2,500.00 |
| ESTIMATED IN-HOUSE COST | ESTIMATED ABSOLUTE COST |
ADDITIONAL COSTS FOR IN-HOUSE BILLING
Office Space Lease – Office Equipment (Computer System, Phone, Fax, Scanner, Copier, Filing System) – Billing Software & IT Support – Coding Books – Updates – Training – Storage Space – Electricity – Phone Charges – Copy Charges – Office Supplies – Printer & Copier Ink –