We are on a mission to change the conversation about what it takes to improve Revenue Cycle Management for the Medical Professionals.
To help you make the best decision for your practice, we’ve created a simple calculator that compares billing company fees and your likely collection rates and revenues.
At the end of the day, it’s how much money you collect that matters to your practice’s bottom line.
Please note that the calculator is for demonstration purposes only.
Each practice is unique, and this is not a guarantee.
| Total Annual Revenues Collected: | |
| Current Insurance Collections Rate: | % |
| CA Medical Billing | Other Billing Company | |
|---|---|---|
| Insurance Collection Rate | 97% | % |
| Revenue Generated | ||
| Loss of Revenue | ||
| Billing Fee (% of total collections) | 7% | |
| Billing Company Fee | ||
| Realized Revenue | ||
With the information you provided, and using assumptions based on industry standards and our vast experience, we estimate that your revenue losses to be at or more and that your total collections rate to be at % or lower.
On average, only about 80% to 85% of medical claims submitted by doctors are paid by insurance companies.
The billing industry’s dirty little secret is that most billing companies use overseas billers who claim that they provide collections services. While they may submit your claims to the insurance company, they do not have the specific State knowledge or local resources to follow up on claims, leaving your hard-earned money on the table.
The truth is that Insurance Companies DO NOT want to pay you what you’ve earned, so they make it difficult to collect on claims.
Private Insurance, Affordable Care Act Market Place Plans, Medicare Advantage, and Commercial Plans routinely deny 14%-19% of claims.
Administrative errors, i.e., coding errors and incomplete documents, also increase insurance claim denials.
Appeals are resource-intensive, costing on average $57.23 per claim.
Insurance companies make it difficult on purpose, which is why you need a reputable partner like California Medical Billing & Revenue Management.
We have a proven 5-point system to help improve Insurance Collections Rates, decrease the amount of billing errors, and allocate dedicated resources towards appeals.
We have the proof to back it up.
Contact us today to see our most recent collection rates case studies for doctors just like you. And get your FREE practice analysis.
