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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