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|
|
The
following illustrates the financial differences between typical
in-house billing as compared to utilizing our specilized billing
services. |
| |
Based
on $ 35,000.00 per month |
| Monthly
Expenses |
In-House |
NEMMG |
Salary for 1 Employee @ $ 10.00 p/hr. |
$1,600.00 |
NONE |
Payroll
Taxes/Worker's Comp., FICA |
$100.00 |
NONE |
Health
Insurance /
Benefits & Vacations |
$100.00 |
NONE |
Cost
of Computer
(Amortized over 3 yrs.) |
$40.00 |
NONE |
Cost
of Monthly Software Support |
$50.00 |
NONE |
Cost
of Envelopes/Forms |
$40.00 |
NONE |
Your
Cost of Collections |
$1,930.00 |
$3,150.00 |
Typical
Rates of Collection |
66% |
98% |
Income
Collected from Ins. & Patients |
$23,100.00 |
$34,300.00 |
|
|
|
Your
Net Revenue from Collections |
$21,170.00 |
$31,150.00 |
By
utilizing our "Professional Billing Services",
your practice's revenue would increase by:
$ 9,980.00 each month*
or
$ 119,760.00 annually*
*Increases
in revenue may be more or less than illustrated depending
on a variety of factors.
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