Physicians Billing & Claims Service The small wonder for all practices!

Scroll down to see Calculator Help

 


Calculator Information:
 
This is a brief explanation of the fields and what values to use in them. 

At the top left of the calculator you have two fields.
In the first you would enter the total $ value of claims processed in a month.
The field below is the # of claims processed. 

 
The left column under that is:
Hourly rate- the spreadsheet then figures 1 months salary based on 160 hours 

Taxes (soc-sec, un-employ. etc (calculated at 24% of monthly salary) 
 
 
Benefits - Any benefits the practice provides - monthly value:
 (i.e. health insurance premiums, 401K, pension)
 
 
Office : Dollar value of space allocated for this employee
 ( i.e. $2500 / month lease and employee has 5% of space allocated $125/ month)
 
Phone: % of phone bill created by this employee
(most businesses are charged a flat rate for all outgoing calls - that * number of calls)

Postage: % of total postage used by this employee
 
Overhead: office supplies, % of utilities, leased PC?, etc.
 
Cost of lost, rejected, and suspended claims is a percentage of the $ value entered into
the first box. % is based on industry averages.
 
Total monthly (column total)
Total yearly    (monthly *12)
 
Right Column
 
No incidental expenses or employee costs when outsourced.
 
Cost of lost, rejected, and suspended claims is a percentage of the dollar value entered
	into the first box. 
Percentage is based on industry averages.
 
Partial Service: based on a per claim fee ($5 used for this example)
Full Service:     based on a % of $ value of claims processed
 
Monthly savings:  Monthly cost (left column) - Full service fees (right column) - rejected claims - suspended claims
Annual  Saving:     Monthly Savings * 12
 
Play with the chart. Just put in numbers for $ value of claims.
Check the numbers. Put in # of claims processed. 
 
Start adding in salaries, expenses, etc.