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Average annual cost for

Physician Medical Billing

Average annual cost for In - House Costs Outsourcing Costs
400 Claims / month *12 @ $100 / claim* 7% Collected $0 $33,600
1.5 Full – time Billing Employees @ $ 15 / hour $46,800$0
Payroll Taxes $3,300 $0
Worker`s Comp. Ins $300 $0
Errors & Omissions Ins $3,600 $0
Employee Training $2,400 $0
Leave Coverage ( 3 weeks Temp.) @ $20 / hour $2,400 $0
Employee Benefits $5,100 $0
Hardware , Software , IT Support $3000 $0
Nearly twice the cost to keep in – house $65,100 $33,600