In-House Billing Solo Practice | Monthly In-House Cost | Accurate Medical Billing& Audit Cost test | Real-Time Cost
(Enter your own values) |
Employee Salary (per employee)
| $2,860.00 | $2,250.00 Average of $30,000.00 Net Receivables at 7.5% | |
Medical Benefits Average PPO plan $545.00 | $272.50 | NONE | |
Sick Leave Based on 1/2 day per month = 6 days per year | $66.00 | NONE | |
Vacation Leave Based on a one week paid Vacation per year | $55.00 | NONE | |
Retirement Plan Simple IRA Based on a 3% Employer Contribution per month | $85.80 | NONE | |
Deferred Compensation / 401k Employer matched contribution | Varies | NONE | |
Workers Compensation Based on $0.95 per $100.00 on payroll California policy minimum $500.00 | $27.17 | NONE | |
Payroll Taxes (estimated) Social Security, Medicare, State Unemployment | $219.16 | NONE | |
Practice Management Software Average cost for monthly ASP model | $300.00 | INCLUDED | |
Electronic Claims Submission Fee @ $0.25 per claim Based on 70% of total monthly claims (200 claims) | $35.00 | INCLUDED | |
Paper Claims (Cost of Supplies & Postage) @ $0.68 per claim Based on 30% of total monthly claims (200 claims) | $40.80 | INCLUDED | |
Patient Statements (Cost of Supplies & Postage) @ $0.73 per statement Approximately 50 per month | $36.50 | INCLUDED | |
TOTAL COST PER MONTH | $3,997.93 | $2,250.00 | Your Total |