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Cost Comparison


 



To whom it may concern.

The Problem: Insurance Companies Hate To Pay What They Owe

As many doctors know, the whole process of filing insurance claims is cumbersome, time consuming and energy-draining. The insurance companies have made it as difficult as possible to get paid. Obviously they have a vested interest in paying out as little money as they possibly can. One of the best ways they hang on to their money a little longer is by creating an extremely difficult set of hoops that doctors have to jump through to file and collect their insurance claims.

 Put our 30 years experience to work for you. We know how to get them to pay you. We know what they expect. We know how important it is to follow up on denials.  We know how to submit cleaner claims so there are fewer denials. 

By outsourcing your medical billing an office can realize an immediate cost savings when outsourcing it's billing. A recent survey in the Medical Group Management Journal showed that the average cost of internal billing departments was 12% of the practices' income. Our billing services, on the other hand, charge much less to perform the same service, depending on the volume and complexity of the situation.

Can outsourcing your medical billing really save you money? Below is a comparison of in-house medical billing vs. outsourcing your medical billing:

In-House (National average 12%)

Base Pay: $14.50/hour

Yearly: $30,000.00

Medicare & Social Security: $3295.00

Retirement: $3040.00

Disability:$2020.00

Health Care: $9520.00

Vacation/Sick: $4270.00

Annual Collections: $470,000.00

Annual Total 1 In-House Biller: $52,145.00

*Does not include:

Training $3500.00 per employee

Software $500 per year

Paper/Envelopes/Stamps $1800 per year

Clearinghouse Fees $1500.00 per year

Reference Materials $350.00 per year


Medical Billing By Outsourcing to Ace Medical Billers LLC

Medical Billing at: 7.% of collections

Annual Collections: $470,000.00

Total Annually: $32,900.00

Savings: $19,245.00

Could Outsourcing your Electronic Medical Claims Filing make financial sense for you in your practice? Would you like a free detailed analysis for your office? Contact us to setup a time to discuss your specific situation. We will be happy to run your numbers and give you a detailed cost savings analysis.

Online http://acemedicalbillers.com/analysis1.html

Our bottom line is, we will get your paid quicker and more efficiently for less than your in-house staff, FOR MOST PRACTICES.


ALL SPECIALTIES WELCOME.

800 558 1550 Ex 2

401 736 0373

401 736 0365

Fax 401 736 0637

Joyce Gaskill, Proprietor

Ace Medical Billers LLC

2797 Post Road

Warwick, RI 02886

joyce@acemedicalbillers.com

www.acemedicalbillers.com