how we measure up
** Figures based on a national industry averages using 3 providers w/ $2.1 million billed annually.
NOTE : If you’re on a mobile phone, scroll across to see the full table.
|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)
*Fee is varied by
reimbursement per visit
|% of billings collected.||70%||90%|
|Collections, net of costs||$1,470,280|
(24% Revenue Increase)
Truly Custom & Technology Enhanced Revenue Cycle Management Solutions for Medical Practice
At Park Medical Billing, we can help you achieve greater profitability while at the same time freeing up your time to focus on patients.
Our innovative and dynamic medical billing service in NJ & NY will help you to achieve a high level of effectiveness that will result in the enhancement of overall practice management.
You will see dramatic change in the speed of your revenue cycle because we invest more time and resources into the initial claim process to avoid costly time delays and denials on the back end. We also use the latest technology and experienced personnel to anticipate and prevent coding and billing errors while maximizing output.
As part of our medical billing services in NY, we offer a multitude of fully customized online reports for your practice. These reports offer a clear analysis of revenue cycle management, provider performance, insurance reimbursements, and more, using interactive charting. Simplify medical billing and coding by allowing us to streamline claims reimbursement and patient invoicing processes to ensure you maximize revenue and capture every dollar you’re entitled.