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Cost Analysis: In-House Billing vs. Outsource Billing

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In-House Billing
Solo Practice
Monthly
In-House Cost
ClaimsCure
Billing Cost
Real-Time Cost
(Enter your own values)
Salary (per employee)
$16.50/Hr x 40 Hrs/Wk = $660
$660 x 52 Wks/Yr = $34,320
$34,320 / 12 months = $2,860,
$2,860 = one month gross pay

$2,860.00 N/A
Medical Benefits
Average PPO plan $300.00
(50% Employer's portion of dues)

$150.00 NONE
Sick Leave Based
on 1/2 day per month = 6 days per year
$66.00 NONE
Vacation Leave
Based on a one week paid Vacation per year
$55.00 NONE
Retirement Plan
Simple IRA
Based on a 3% Employer Contribution per month

$85.80 NONE
Deferred Compensation/ 401(k)
Employer matched contribution
Varies NONE
Workers Compensation
Based on $0.95 per $100.00 on payroll
California policy minimum $500.00

$27.17 NONE
Payroll Taxes (estimated)
Social Security, Medicare, State Unemployment
$219.16 NONE
Paper Claims
(Cost of Supplies)
@ $0.54 per claim
Based on 30% of total monthly claims (200 claims)

$108.00 NONE
Patient Statements
(Cost of Supplies)
@ $0.59 per statement
Approximately 50 per month
$29.50 NONE
TOTAL COST PER MONTH $3,718.13 $0