Cost Analysis

In-House Billing Solo Practice Monthly In-House Cost Calidad Solutions Medical Billing & Audit Cost test Real-Time Cost
(Enter your own values)
Employee Salary (per employee)

$16.50 per hour x 40 hours per week = $660
$660 x 52 weeks = $34,320
$34,320 ÷ 12 months = $2,860
$2,860 = one month gross pay
$2,860.00 $2,250.00

Average of $30,000.00
Net Receivables at 7.5%
Medical Benefits

Average PPO plan $545.00
(50% Employer's portion of dues)
$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:

Our Services

iClaim

“No headache” billing service that still gives you full control of your patient records.

VirtualCare

Visit with patients over the web, securely. Reduce costs and expand your reach. Runs on any internet connected device.

EMRx

Customized solution that will parallel the current workflow of your practice.

AutoCard

Send postcards, greeting cards, and even brochures to your current patient database.

CodeRite

Make sure you’re getting the maximum reimbursement for every patient encounter.

QuickCollect

Gently engages with your indebted clients before a more direct approach is required.

ChoicePay

Calculate, process, and collect your patient payments quickly and cost-effectively.

AuditGuard

Thorough review of your coding, billing, and reimbursement processes.

CompliancyGuard

Simple and cost-effective compliance tracking solution that satisfies HIPAA, HITECH Risk Assessment, and Omnibus Compliance.

DentiMax

DentiMax helps you optimize efficiency, productivity and patient care. There’s simply no other practice management software like it!

Doctible

Doctible’s platform offers best-in-class patient communication tools. Practices can enhance patient experience and satisfaction.

CredentialsNOW

Healthcare organizations of every size realize that CredentialsNOW is the most economical and efficient way to solve their credentialing needs.

What Our Clients Say

My billing was horribly tedious and very time consuming... when I outsourced my billing, I was able to give my headache away. With iClaim, I can track what's happening with each and every claim, online 24/7 at my convenience.

Asli C.

MD

In this day and age with all the complexities of medical billing, I can't imagine doing it any other way (billing in-house) at this point. A good Physician has to decide when to delegate responsibility.

Johnny W.

MD

Medical billing is very difficult unless you outsource... to do it in the office would take a lot more time and money. It has allowed me to get better reimbursement on my claims because I have an entire billing company behind me to check claims and follow up on them.

Donna C.

MD

Outsourcing my billing has allowed me to spend more time taking care of patients while not worrying about the headaches and the regulations that go along with it.

Kevin T.

MD

No doctor wants to deal with insurance companies or with patients who won't or can't pay. Outsourcing my billing takes me away from worrying about billing my patients and lets me concentrate on our main focus; practicing medicine.

Keyvan K.

MD