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Medical Billing Cost Analysis

It’s worth comparing apples with apples. The comparison below shows you how much revenue you stand to gain as well as higher collections  and reduced overheads.

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

In-House Billing Team

0% Revenue Increase
  • Billing department costs $118,000
  • Software and hardware costs $7,500
  • Direct claim processing costs $3,600(Clearing house fee)
  • % of billings collected 70%
  • Collections $1,599,380
  • Collections costs $129,1000
  • Collections, net of costs - $1,470,280

Park Medical Billing

24% Revenue Increase
  • Billing department costs $0
  • Software and hardware costs $0
  • Direct claim processing costs $127,500 *Fee is varied by reimbursement per visit
  • % of billings collected 90%
  • Collections $2,056,500
  • Collections costs $127,500
  • Collections, net of costs - $1,922,880

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