Income Potential From Medical Billing Services
What Income do I Expect From a
Medical/Dental Billing Service?
The billing operations is at the heart of your medical billing & practice
management business. It brings a steady monthly income to your business. When
you do a great job at it, you'll enjoy a strong business bond with your clients
that allows you to cross-sell additional services. We're providing
here some tools you can use to make your own realistic and scientific income projections. Below are two Income calculators:
Income Calculators:
|
|
|
This tool
lets you do a fast calculation of your potential gross income from medical billing. It does not take
into account business expenses. |
This tool allows you to perform detailed analysis of your potential income over
time. It takes your estimated monthly projections over four quarters (1 year) plus
an estimate of your ultimate goal. It then calculates your gross quarterly and annual
income, expenses, net income and cash flows. |
|
Sample Income Projections:
|
Income Year 1
(build-up to 4 doctors
over 4 quarters)
|
Income
Year 2
|
4 doctors – (no assistant)
|
$49,950
|
$246,720
|
5 doctors – (no assistant)
|
$49,950
|
$310,800
|
6 doctors – (1 assistant @$2500 Expense/mo)
|
$49,950
|
$348,480
|
7 doctors – (1 assistant @$2500 Expense/mo)
|
$49,950
|
$412,560
|
8 doctors – (1 assistant @$2500 Expense/mo)
|
$49,950
|
$476,640
|
9 doctors – (1 assistant @$2500 Expense/mo)
|
$49,950
|
$540,720
|
10 doctors – (1 assistant @$2500 Expense/mo)
|
$49,950
|
$604,800
|
Additional Income Opportunities Beyond Billing
In addition, the above projections are based only on performing billing. You can
add other services to your business that will increase your income potential.
Revenue can be generated from additional Practice Management Services that
ClaimTek sets you up to offer, such as EFT, RBS, Well-Care, Digital Management, Collections,
Credentialing, and more. See
Profitable Services for more information
about each service. Also, you may review
income potential from ancillary services here.