In-House Billing
Solo Practice
Employee Salary (per employee)
$16.50 per hour x 40 hours per week = $660
$660 x 52 weeks = $34,320
$34,320 ÷ 12 months = $2,860
$2,860 = one month gross pay
Medical Benefits
Average PPO plan $165.00
(50% Employer's portion of dues)
Sick Leave
Based on 1/2 day per month = 6 days per year
Vacation Leave
Based on a one week paid Vacation per year
Retirement Plan
Simple IRA
Based on a 3% Employer Contribution per month
Deferred Compensation / 401k
Employer matched contribution
Workers Compensation
Based on $0.95 per $100.00 on payroll
California policy minimum $500.00
Payroll Taxes (estimated)
Social Security, Medicare, State Unemployment
Practice Management Software
Average cost for monthly ASP model
Electronic Claims Submission Fee
@ $0.25 per claim
Based on 70% of total monthly claims (200 claims)
Paper Claims
(Cost of Supplies & Postage)
@ $0.54 per claim
Based on 30% of total monthly claims (200 claims)
Patient Statements
(Cost of Supplies & Postage)
@ $0.59 per statement
Approximately 50 per month
TOTAL COST PER MONTH
