By outsourcing your Medical Billing to BMC, you cansave around two thousand dollars per month on average compared to in house billing
( Analysis based on average monthly practice revenue of thirty five thousand dollars a month) .
Please review our detailed analysis chart below.
|
In House Billing (Based on a Sole Practice with one biller) |
In House Cost |
BMC Cost |
|
Employee Salary $17.00 per hour x 40 hours per week One Month Gross Pay |
$2,992.00 |
$2100.00 Average of $35,000 Practice Revenue.
|
|
Medical Benefits Employee Medical Insurance |
$330.00 |
NONE |
|
Sick Leave 7 days per year |
$70.00 |
NONE |
|
Vacation Leave One week paid Vacation |
$680 |
NONE |
|
Retirement Plan
|
$150 |
NONE |
|
401k Employer matched contribution |
$300 |
NONE |
|
Workers Compensation Based on $2.00 per $100.00 payroll |
$52.00 |
NONE |
|
Payroll Taxes per month
|
$100.00 |
NONE |
|
Electronic Claims 350 claims @ $0.30 per claim Based on 80% of total monthly claims with an average patient volume of 20 patients per day per provider |
$105.00 |
NONE |
|
Paper Claims 90 claims @$0.50 per claim Based on 20% of total monthly claims with an average patient volume of 20 patients per day per provider |
$90.00 |
NONE |
|
Patient Statements 10 Statements per day @ $0.50 per statement, 20 day billing cycle |
$100.00 |
NONE |
|
TOTAL PER MONTH |
$5,019.00 per biller |
$2100.00 You SAVE $2,919.00 per month |