Medical billing start-up costs for new practices can be daunting. According to The Medical Group Management Association, an average medical practice can easily expect to pay substantially for backend billing costs -- $75,000 on average for hardware and software alone. Even though your start-up costs may not run quite this high, you can certainly anticipate an onerous cash outlay.
| Hardware/Software |
$75,000 |
| Claims/Statement Processing |
$72,000 |
| Staff Compensation |
$220,000 |
| Staff Benefits |
$50,000 |
| Office Supplies |
$15,000 |
| Space |
$30,000 |
Since most internal medical billing departments make errors that result in losses of up to 30% of practice, the internal billing cost outlay can easily run up to $150,000 a year or higher.
MedIT helps new physician offices by eliminating these onerous start-up fees, transfer and supplies fees, and other expenses. We bundle everything into one comprehensive package with one low predictable monthly rate based on the amount of your collections. And, we DO NOT outsource our operations overseas.
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