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How much can your office save?
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| Your Office | |
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Your average daily patient volume:
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The percentage of your patients covered by insurance:
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% |
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The total days in a week you see patients:
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|
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The total weeks in a year you see patients:
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|
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The number of full-time employees doing your billing:
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|
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The average annual salary of your billing employee(s):
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$ |
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Based on these numbers, we calculated:
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Your total annual insurance claim volume:
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Your billing employee(s) per minute salary rate:
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$ |
Savings Realized...Paper vs. Electronic:
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| Paper | |
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Annual cost of paper billing - (approx. 5 minutes to generate claim and place it in an envelope):
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$ |
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Approx. cost of form and envelope - ($0.10 aggregate per mailing):
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$ |
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Postage (assumes 10 claims per insurance carrier in a large envelope costing $2.00 to mail):
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$ |
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Total annual costs associated with submitting claims and encounter forms:
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$ |
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Total time resources saved per year by electronic claims processing service submission:
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$ |
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Total annual resource days saved by electronic claims processing service submission (days):
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|
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| Electronic | |
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Annual cost of electronic submission - (approx. 2 minutes to generate the claim and transmit):
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$ |
| Average clearinghouse fee: $ per claim. |
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Annual clearinghouse fee:
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$ |
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Total annual costs associated with submitting claims and encounter forms:
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$ |
