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 -