| Billing Service Company Comparisons | |||||||||
| Billing Service Company A charges 7% of collections and operates at 95% Efficiency | Billing Service Company B charges 5% of collections and operates at 85% Efficiency | In House Billing | |||||||
| Target Income | |||||||||
| Billing Efficiency | |||||||||
| Annual Practice | |||||||||
| Income | |||||||||
| Annual Billing | |||||||||
| Service Fee | Salary: | ||||||||
| Fully encumbered at $18/hr. with full benefits, Health Insurance, Sick Leave, vacation, payroll taxes, payroll fees, patient statement costs, ink toner and paper. | |||||||||
| Practice Net Income | |||||||||
| AFTER Billing Service Fees | |||||||||
| Practice Net Income AFTER Billing Service Fees | ||
| $1,767,000.00 | $1,615,000.00 | $155,000.00 |
| In House Billing | ||
| Billing Service Company A charges 7% of collections and operates at 95% Efficiency | ||