COST ANALYSIS

CALIFORNIA MEDICAL BILLING | IN-HOUSE OR OUTSOURCE???

COMPARATIVE COST ANALYSIS

IN-HOUSE BILLING	IN-HOUSE COST	CALIFORNIA MEDICAL BILLING COST
Employee Salary $15.00 per hour x 40 hours per week = $600 x 4 weeks = one month gross pay.	$2,600.00	$2450.00 Average of $35,000. Net Receivables monthly deposit at 7%.
Medical Benefits Employee PPO Plan Medical Insurance	$125.00	NONE
Sick Leave Based on ½ day per month = 6 days per year	$60.00	NONE
Vacation Leave Based on a one week paid Vacation per year	$50.00	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	Varies	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 @ $0.58 per statement 20 day billing cycle	$116.00	NONE
TOTAL PER MONTH	$3,049.98	$2,450.00

ADDITIONAL COSTS FOR IN-HOUSE BILLING

Office Space
Office Equipment (Computer System, Phone, Fax, Scanner, Filing System)
Billing Software
Software Upgrades
Coding Books
Employee Training
Storage Space
Electricity
Phone Charges
Office Supplies (HCFA Forms, Statement Forms, Envelopes)
Clearinghouse Charges
IT Server Maintenance
Postage
Employee Payroll Tax

THIS COULD ADD UP TO THOUSANDS!!

*Note: In-House costs based on industry averages, actual amounts can vary based on practice and size. Contact a California Medical Billing representative to configure your own Cost Analysis Worksheet.

MEDICAL BILLING AND CONSULTING SERVICES

OF CALIFORNIA INC.

"CALIFORNIA MEDICAL BILLING"

10670 CIVIC CENTER DR. SUITE 120

RANCHO CUCAMONGA, CALIFORNIA, 91730

TOLL FREE: (877) 289-1732 | PHONE: (909) 204-4191

FAX: (909) 204-4195

E-mail: customerservice@camedicalbilling.com

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