Cost Comparison

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.  Compare and save.

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 -