Income Potential From Ancillary Services
What Income do I Expect From Providing Ancillary Services?
You typically approach doctors to offer them your medical billing & practice management services.
but sometimes they don’t hire you immediately. In this case you have over 12 other services to offer them that can help you build a
long-term relationship that can lead to more and more business with them later on. Our diversity of business programs
helps you establish credibility as a professional medical billing service right from the start. Every element from
software to marketing, training and support has been crafted to give you a decisive competitive edge
The scenarios below are very reasonable and realistic for someone who is serious about entering medical billing. In our estimates, we have even taken a conservative approach with these numbers so as not to mislead. These estimates are based on you working alone in Year 1 and hiring an Assistant in Year 2 so you can develop all these businesses.
Sample Income Projections:
|
|
Services: |
Projected Income
Year 1
|
Projected Income
Year 2
|
|
1&2
|
Medical Billing & Advanced Practice Management Services for Current Claims – Medical & Dental
|
$49,950
|
604,800
|
|
3
|
Medical Billing Services to Followup on Past Unpaid Claims
|
$12,000
|
$48,000
|
|
4
|
Collection Services
|
$1,000
|
$6,000
|
|
5
|
Electronic Fund Transfer
|
$620
|
$2,480
|
|
6
|
Well-Care Services
|
$2,700
|
$18,900
|
|
7
|
Document Management
|
$3,000
|
$11,480
|
|
8
|
Physician Credentialing
|
$750
|
$1,500
|
|
9
|
MD Audit Shield
|
$500
|
$3,000
|
|
10
|
CodeMaxx
|
$1,200
|
$6,000
|
|
11
|
Transcription Services
|
$1,680
|
$7,840
|
|
12
|
Remote Backup Service
|
$500
|
$1,300
|
|
13
|
Reseller of PMS
|
$22,020
|
$37,030
|
|
14
|
EHR Manager Software Sales
|
$3,600
|
$14,400
|
|
15
|
Custom Wellness Program
|
$3,000
|
$15,000
|
|
16
|
Patient Assessment Services
|
$900
|
$5,400
|
|
|
TOTAL NET INCOME
|
$103,420.00
|
$783,130.00
|