IN-HOUSE BILLING

(Based on a Sole Practice with one biller)

IN-HOUSE

COST

CALIFORNIA MEDICAL BILLING COST

Employee Salary

$16.00 per hour x 40 hours per week =

$620 x 4 weeks = one month gross pay

$2,773.33

$2625.00 

Average of $35,000. Net Receivables monthly deposit at 7.5%

Medical Benefits

Employee PPO Plan Medical Insurance

$330.00

NONE

Sick Leave

Based on ½ day per month = 6 days per year

$64.00

NONE

Vacation Leave

Based on a one week paid Vacation per year

$53.33

NONE

Retirement Plan

Based on a 20% Employer Contribution per month

Varies

NONE

Deferred Compensation / 401k

 Employer matched contribution

Varies

NONE

Workers Compensation

 Based on $2.00 per $100.00 payroll

$52.00

NONE

Payroll Taxes

Based on 26 pay periods per year

Payroll Fees

Monthy fees may vary

Electronic Claims

346 claims @ $0.25 per claim

Based on 80% of total monthly claims with an average patient volume of 20 patients per day per provider

$86.50

NONE

Paper Claims

87 claims @$0.54 per claim

Based on 20% of total monthly claims with an average patient volume of 20 patients per day per provider

$46.98

NONE

Patient Statements

10 Statements per day @ $0.50 per statement,   20 day billing cycle

$100.00

NONE

TOTAL PER MONTH

$3,619.14

per biller

$2,625.00