Full Service Medical Billing - Billgenix

Full Service Medical Billing

We are a complete billing service provider with extensive experience from conducting initial insurance verification through final payment posting including any denial management or appeals necessary. Our automated system allows us to do electronically and paper bill insurance companies, conduct second bill reviews requests and schedule follow up with insurance companies to ensure your bills get paid on time.

We have the ability to remotely access your current database, working in real-time with your office staff, and we do offer a practice management system for your practice if needed. Since every practice is different, we will develop customized workflows to fit your business needs. Here are some of the services we offer:

Data Entry
Billing
Payments
Appeals
Revenue Cycle Management

Reports

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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
Employee Salary (3 Full Time)	$7,680.00	$7,500.00
Medical Benefits	Average $315 per PPO Plan (50% Employer Contribution)	None
Medical Benefits	$472.50	None
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
Retirement Plan	$230.40	None
Workers Compensation Benefits	Based on $0.95 per $100 on Payroll	None
Workers Compensation Benefits	$72.96	None
Payroll Taxes	7.25% Employer Tax Due	None
Payroll Taxes	$556.80	None
Practice Management Software	$160 Per Provider	None
Practice Management Software	$640.00	None
Electronic Bill Submission	$0.80 Per Encounter (1825 bills per month)	None
Electronic Bill Submission	$1,460.00	None

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.