ClaimTek's MD Practice Analysis Wizard in the most comprehensive billing cost analysis
software available. This application has been designed to let you compare the actual
costs of the healthcare provider's in-house billing operation versus the potential
costs of outsourcing the billing operation to YOU as the professional billing service.
The software produces convincing side-by-side tables and graphical comparisons of
the results. This is a scientific and powerful marketing tool for your billing service.
Most providers do not have a clue as to what they are really paying for claims billing
services. The average medical office spends from $8.00 to $12.00+ per claim. With
our system, you can process claims for $3.00 to $5.00 per claim, and the provider
benefits by receiving their insurance checks within a week or so.
The concept of this application is based on the various direct and indirect costs
incurred in processing medical claims in-house, such as:
The Claim Analysis shows calculation results and compares cost per claim if filed
manually $7.51 vs. $3.28 if filed electronically through you. This provider is saving
$4.23 per claim or $20,304 annually (12 months X 400 claims per month X $4.23 per
When you enter your prospective medical client claims billing data, in just seconds,
the MD Practice Analysis Wizard calculates complex equations that clearly show how
much the clinic is actually paying for claims billing, and how their costs compare
with the national average.
The MD Practice Analysis Wizard allows you to perform analysis that compares billing
costs (manual vs. electronic, and in-house vs. outsourcing) in two important ways:
Both these formatted reports include comparison tables and colorful graphical analysis
for visual effect, showing the savings (per claim, monthly and annually) when outsourcing
the service to you. These outstanding reports can be printed out on a printer or
exported to a Microsoft Word document and inserted into proposals. Additionally,
you may calculate these billing comparisons based on several pricing methods: a
per claim fee, a percentage fee, or a combination of both.
To recap, the MD Practice Analysis Wizard allows you to:
ClaimTek's MD Practice Analysis Wizard assists you in making vital decisions in
your new business:
Please click on the Marketing tab for more details later.