| Annual Cost of In-House Billing* | Compu-Med Claims | |||||
| Employee @ $16/hr | $33,280.00 | Included | ||||
| 25% Taxes & Ins | $8,320.00 | Included | ||||
| Sick Time (40 hours/yr) | $640.00 | Included | ||||
| Computer & Software | $2,000.00 | Included | ||||
| Clearinghouse | $720.00 | Included | ||||
| Postage | $720.00 | Included | ||||
| Supplies | $360.00 | Included | ||||
| Supervising, Training, Etc. | $2,000.00 | Included | ||||
| Sub-Total | $48,040.00 | Included | ||||
| Office Space | $3,000.00 | Included | ||||
| Long Distance | $300.00 | Included | ||||
| We guarantee 100% follow-up. Most in-house billers have no incentive to do follow-up. If just 5% of your claims went unpaid due to lack of follow-up and/or appeal, add to annual your cost: | $30,000.00 | |||||
| If 10% went unpaid, add: | $60,000.00 | |||||
| Coding Errors – If the biller isn’t staying abreast of coding changes, CCI edits, Medicare’s Local Coverage Determinations, etc., the billing error rate is estimated between 10%-25%. If we estimate 10%, your lost revenue is: | $60,000.00 | |||||
| Total Annual Cost: | $189,380.00 | $45,000.000 | Industry average = 7.5% | |||
| *Assumed Monthly Revenue | $50,000.00 | |||||
