medical billing, denver

Want to get an exact estimate for your practice?

Fill out the contact form and hit submit. We will contact you within 2 business days to provide you with a detailed, to the penny comparison, with absolutely no obligation.

Medical Billing Calculator (Internal Vs. Outsourcing)

Should you outsource your billing and collection processes or handle it internally? It can be a tough decision to make because it is difficult to calculate the true cost and benefits of each approach. Use this simple tool to understand the most important criteria and help you make this decision for your practice.

Fill out the 4 yellow fields and the tool will calculate the numbers for you.
Your Practice
Revenue Billed per month:  
Revenue Collected per month: Potential Revenue
collected working with
Clinic Service		 $
Total monthly salary for full time billing employees:
(that receive health benefits)		 Salary plus benefits $
Total monthly salary for any part time support:
(hourly employees without benefits)		 Salary without benefits $
   
Management Supervision:
(estimating 1hr per day of dedicated supervision,
providing coaching, direction and auditing of
the billing team's work)		   $
   
Training and Development:
(estimating a total of 5hrs per month
of training for your billing employees)		   $
   
Postage/Stationery/Phone costs:   $
   
Total Monthly Cost for Handling Billing Internally:   $
   
  Estimated Monthly Cost for Outsourcing: $
  Monthly Gain/Loss for outsourcing billing: $
  Annual Gain/Loss for outsourcing billing: $
 

Evaluating Your Results

Once completed:
1. Look at how much your practice collects internally vs. what can be collected by using an outsourced billing firm like Clinic Service. Which one is higher?

2. Look at the % of money collected monthly. Since Clinic Service only gets paid when we actually collect for you, we don't let money slip through the cracks. We collect over 99% of the money you deserve.

3. Your monthly Gain/Loss number will tell you how much you save if you decide to outsource.While this is just an estimate, what does it tell you? Remember that there are additional costs when billing internally that are not included here, such as the hiring process, sick day/vacation coverage, billing software, computers, printers and office space.