The Benefits of Outsourcing
Switch to Superior &
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 to Superior Claims!
(Based on a sole practice with one biller)
|Employee salary $16 per hour X 40 hours per week = $620 X 4weeks = one month gross pay||$2,773.33||$1124.50 Based on
346 claims @$3.25 per claim
|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|
|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|
practice and size. Contact us for a custom Cost Analysis Worksheet!
That's a Savings of $2,494.64 per Month!
Plus, this doesn’t factor in the price of, Office Space, Office Equipment, Phone, Fax, Scanner, Filing System, Billing Software, Software upgrades, Coding Books, Employee Training, Forms, Postage, Statement Forms, Envelopes Clearinghouse Charges, IT Server Maintenance, Electricity, or Office Supplies.
The savings you’ll receive by switching to Superior Claim Service really do add up!