Solutions are endless. We provide knowledge, training, continuity of operations and a network of support leveraging task specialization and the economy of scale. Medical billing companies are able to eliminate dependency on one or two costly staff members to maintain revenue flow for the entire practice We understand that every office and organization is different and each likely has its own unique challenges. It could be medical billing and collections, Medical A/R or accounts receivable collections, medical transcription, website designing, legal transcription, staffing, or document conversion, support for your recruiting staff ; immaterial of what your challenge might be our goal is to work with you and find a solution that fits your requirement. KC CARE TECH is a solutions management company and we provide solutions. Our aim is to provide value for your money. Service oriented, KC CARE TECH is keenly aware of the importance of cash flow and the opportunity cost of unavailable cash.
KC Caretech,Inc.
684 West Figueroa Dr.
Altadena, California 91001.
PH #(626)310-0416
Why US
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Our Services Save your Training and Research Time
Our Services Save Operational Time
Our Services Save Money
Cost of In-House Billing:
Our comparison begins with a typical practice with one or two providers. Let's assume this practice has a dedicated, in-house biller receiving an annual salary of $30,000, or about $14.50 per hour. The chart below outlines the additional costs of having a full time employee in the office to handle all aspects of medical billing.
Base Pay --------------------------$30,000
Medicare and Social Security ---------$2295
401K --------------------------------$1080
Disability -----------------------------$720
Healthcare --------------------------$5220
Time off -----------------------------$3270
Total labor for 1 in-house biller ------$42,585
To evaluate the cost of working with our medical billing services, we'll assume our practice has contracted with a medical billing company for full service billing. This includes all of those activities that would otherwise have been performed by the in-house staff above; claim generation/submission, insurance follow up, patient invoicing and support, detailed reporting, expert practice analysis, etc. We'll also assume the practice has negotiated a rate of 8% of collections with its professional medical billing service.
Note: Calculating costs for medical billing services will vary slightly depending on the fee structure but will usually be based on either a percentage of collections or a fixed fee per claim. For more information on fee structures, see Percentage vs. Flat Fee Pricing by Medical Billing Services.
Assuming our provider visits 30 patients per day, 50 weeks out of the year, we'll have 7500 patient encounters per year. If each encounter results in an average reimbursement of $60, our receivables come to a little over $450,000 per year. At a rate of 8%(We Quote less than that with no hidden cost), the annual cost for the professional service to manage all aspects of medical billing services for the practice would be $31,500. In comparison with in-house services that's a savings of $15,600 per year!
Address:-
Kc Caretech,Inc.
684 West Figueroa Dr.
Altadena,CA-91001
Email
care@kccaretech.com
Phone Numbers :-
626-310-0416
626-310-4503
Fax
626-744-1736
Contact Details
Summary
