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    Medium Size Practice (4 FTP)
    Expense Type Monthly In-House Billing Cost with Billgenix
    Employee Salary (3 Full Time) $16 per hour X 40 hours per week X 4 Weeks Per Month 5% on Average of $150,000 Monthly collections
    $7,680.00 $7,500.00
    Medical Benefits AverageĀ $315 per PPO Plan (50% Employer Contribution) None
    $472.50
    Sick Days Paid Time off/Delayed Revenues None
    Vacation Leave Paid Time off/Delayed Revenues None
    Retirement Plan Based on $3 per $100 on Payroll (401K) None
    $230.40
    Workers Compensation Benefits Based on $0.95 per $100 on Payroll None
    $72.96
    Payroll Taxes 7.25% Employer Tax Due None
    $556.80
    Practice Management Software $160 Per Provider None
    $640.00
    Electronic Bill Submission $0.80 Per Encounter (1825 bills per month) None
    $1,460.00
    Total $10,472.66 $7,500.00

    Outsourcing Saves Atleast 28%
    The cost calculated above does not include office space lease, liability insurance, office equipment, phone systems etc.