In-house Billing vs Medical Billing Company Cost Analysis



** Figures based on a national industry averages using 3 providers w/ $2.1 million billed annually

COSTS: In-House Park Medical Billing
Billing department costs $118,000 $0
Software and hardware costs $7,500 $0
Direct claim processing costs $3,600(Clearing house fee) $127,500 *Fee is varied by reimbursement per visit
% of billings collected. 70% 90%
Collections $1,599,380 $2,056,500
Collections costs $129,1000 $127,500
Collections, net of costs $1,470,280 $1,922,880 (24% Revenue Increase)


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