| |
| Assumptions |
| # of doctors |
1 |
| # of employees (before) |
2 |
| # of employees (after) |
1 |
| Employee Salary / hour |
$11 |
| Avg $ / patient |
$60.00 |
| Avg # of patients / day |
20 |
| Doctor Revenue / hour |
$152 |
| Revenues |
Annual |
| Avg Revenue |
$316,800 |
| Uncollectable (3%) |
$9,504 |
| Net Revenue |
$307,296 |
| Expenses |
Annual |
| Rent |
$36,000 |
| Malpractice |
$35,000 |
| Medical Supplies |
$6,000 |
| Professional Services |
$12,000 |
| Accreditation |
$5,000 |
| Utility |
$4,200 |
| Gifts |
$2,000 |
| Marketing |
$1,000 |
| Total Costs |
$146,758 |
| Monthly Expenses |
Before |
After |
Annual |
| Employees Salary |
$1,907 |
$1,907 |
$0 |
| Answering Service |
$350 |
$150 |
$2,400 |
| Electronic Claims |
$100 |
$110 |
($120) |
| EMR |
$250 |
$35 |
$2,580 |
| Billing S/w Annual Maintenance |
$83 |
|
$1,000 |
| IT/Technology support |
$50 |
|
$600 |
| Office Supplies |
$1,300 |
$500 |
$9,600 |
| Health Insurance |
$1,200 |
$800 |
$4,800 |
| Postal+Billing |
$100 |
$25 |
$900 |
| Website (free) |
$0 |
($60) |
$720 |
| Patient Reminder (5 mins) |
$403 |
$220 |
$2,200 |
| Patient Messaging (10 mins) |
$81 |
$22 |
$704 |
| Eligibility Verification (15 mins) |
$303 |
$66 |
$2,838 |
| Authorization (15 mins) |
$121 |
$13 |
$1,294 |
| Auto-payment posting (15 mins) |
$1,210 |
$132 |
$12,936 |
| Referral(free) |
$0 |
$0 |
$0 |
| Manual Referral(fax) |
$81 |
$22 |
$704 |
| Billing Service |
$0 |
$0 |
$0 |
| Transcription Service |
$0 |
$352 |
($4,224) |
| Credentialing Service |
$0 |
|
$0 |
| Precollection Service |
$605 |
$53 |
$6,626 |
| Total Costs |
$10,216 |
$5,680 |
$45,558 |
|
|
|
|
