Why Outsource?

Benefits of Outsourcing
There are real benefits to outsourcing your claims! You will eliminate extra staff, salaries, taxes, insurance, and benefits. You will also lower the overhead cost of office space, utilities, equipment upkeep, and office supply expenses.

Reasons to outsource with Superior Claims Services:

• Medical Billing is complex and best handled by dedicated experts in the field.
• Your cash flow should almost immediately increase.
• We will reduce your claim denial rate tremendously.
• We will supply you, your staff, and your patients with a skilled team to address your billing needs and/or concerns.
• We follow up on all claims submitted, on a regular basis.
• We are HIPAA compliant.
• We will keep you informed of the Medical code changes for your practice’s encounter form.
• Our State Of The Art Software generates 98.5% clean claims for submittal.
• No extra charge for re-submission of claims.
• Payment from the Insurance Carriers is normally received within 10-14 days.
• We offer toll free phone and fax numbers for our out of the area customers.
• We customize our program according to each Client’s needs and wants.
• We supply monthly reports detailing our clients billing activity.

BENEFITS OF OUTSOURCING
IN-HOUSE BILLING (Based on a sole practice with one biller) IN-HOUSE COST* SCS Average medical billing cost Employee salary $16 per hour X 40 hours per week = $620 X 4weeks = one month gross pay $2,773.33 $2,450.00 Based on $35,000 net receivables monthly deposit. Medical Benefits Employee PPO plan Medical ins. $330.00 NONE Sick Leave Based on 1/2 day per month = 6 days per year $64.00 NONE Vacation Leave Based on one week paid vacation per year $53.33 NONE Retirement Plan Based on a 20% Employer Contribution per month Varies NONE Deferred Compensation / 401K Employer matched Contribution Varies NONE Workers Compensation Based on $2.00 per $52.00 NONE Payroll Taxes Based on 26 pay periods per year $93.00 NONE Payroll fees Monthly fees may vary $20.00 NONE Electronic Claims 346 claims @ $0.25 per claim based on 80% of total monthly claims with an average patient volume of 20 patients per day per provider $86.50 NONE Paper Claims 87 claims @ $0.54 per claim based on 20% of total monthly claims with an average patient volume of 20 patients per day per provider $46.98 NONE Patient Statements 10 Statements per day @ $0.50 per statement, 20 day billing cycle $100.00 NONE TOTAL PER MONTH $3,619.14 PER BILLER $2,450.00
ADDITIONAL COSTS FOR IN-HOUSE BILLING! THIS COULD ADD UP TO THOUSANDS!! *Office Space *Office Equipment (Computers) *Phone, *Fax, *Scanner, *Filing System, *Billing Software, *Software upgrades, *Coding Books, *Employee Training, Forms), *Postage, *Statement Forms, (Envelopes) *Clearinghouse Charges (ex.Electronic remit), *IT Server Maintenance, *Electricity, *Office Supplies *Note: In-House costs based on industry averages, actual amounts can vary based on practice and size. Contact us for a custom Cost Analysis Worksheet.