Medical Billing Cost Analysis
It’s important to compare apples to apples. The comparison below illustrates how much additional revenue you could earn, along with higher collections and reduced overhead costs when partnering with Trust Med U.S..
Trust Med U.S. – Cost Analysis
** Figures based on a national industry averages using 3 providers w/ $2.1 million billed annually
| COSTS | In-House | Trust Med U.S. Medical Billing | |||
|---|---|---|---|---|---|
|
Billing department costs |
$118,000 |
$0 |
|||
|
Software and hardware costs |
$7,500 |
$0 |
|||
|
Direct claim processing costs |
$3,600
(Clearing house fee) |
$127,500
*Fee is varied by
reimbursement per visit |
|||
|
% of billings collected. |
70% |
90% |
|||
|
Collections |
$1,599,380 |
$2,056,500 |
|||
|
Collections costs |
$129,1000 |
$127,500 |
|||
|
(24% Revenue Increase) |
|
|
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