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-HousePark 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 costs$129,1000$127,500
Collections, net of costs$1,470,280$1,922,880 (24% Revenue Increase)

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