Medical Practice Tools 2

/Medical Practice Tools 2
Medical Practice Tools 2 2017-02-10T01:30:20+00:00

Billing Service Company Comparisons
Billing Service Company A charges 7% of collections and operates at 95% Efficiency Billing Service Company B charges 5% of collections and operates at 85% Efficiency In House Billing
Target Income
Billing Efficiency
Annual Practice
Income
Annual Billing
Service Fee Salary:
Fully encumbered at $18/hr. with full benefits, Health Insurance, Sick Leave, vacation, payroll taxes, payroll fees, patient statement costs, ink toner and paper.
Practice Net Income
AFTER Billing Service Fees
Practice Net Income AFTER Billing Service Fees
$1,767,000.00 $1,615,000.00 $155,000.00
In House Billing
Billing Service Company A charges 7% of collections and operates at 95% Efficiency