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New Medical Practice

MedIT eliminates costly start-up costs. MedIT eliminates costly start-up costs.

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.

To find out more about electronic tools you will need, click here. Or click on your specific topic of interest on the menu.

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