| In-House Billing and Collections | Monthly In-House Cost | My RCM Group Cost |
|---|---|---|
| Two-Employee Salary $17.00 per hour x 40 hours per week | $5,893.00 | $ 2,250.00 Average of $30,000 Net Receivables at 7.5% |
| Payroll Taxes (estimated) Social Security, Medicare, & Unemployment | $395.00 | NONE |
| Employee Healthcare Average PPO plan $185.00 50% Employer's portion of dues | $185.00 | NONE |
| Sick Leave Based on 1/2 day per month = 6 days per year | $136.00 | NONE |
| Vacation Leave Based on a one week paid vacation per year | $113.00 | NONE |
| Workers Compensation Based on $0.95 per $100.00 on payroll | $56.00 | NONE |
| Paper Claims and Patient Statements At $0.25 per claim and $0.55 per statement Approximately 170 claims and 50 statements | $62.00 | NONE |
| Practice Management & EHR Software | $400.00 | NONE |
| Total Cost of In-House Billing & Collection | $7,240.00 | $2,250.00 |
| Monthly Savings | $4,990.00 |
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