Income Projections

What Income do I Expect From a Billing Service?

Various federal and state laws forbid all business opportunity companies from specifying a level of income entrepreneurs can earn from the business they are selling. The rationale for these laws is simple: as with everything in life, there are no guarantees. Your potential success depends on many factors that we cannot predict nor control. Your income depends on factors like your level of effort, your prior business background and skills, the time you dedicate to starting your company, and your willingness to market your services aggressively. ClaimTek supports these regulations and we urge you, in fact, to be careful about blindly accepting unrealistic income projections from other medical billing business opportunities.

However, not knowing your income potential makes planning difficult when you are considering starting any new business. To alleviate this problem, we are providing here some tools you can use to make your own income projections.

Below are two calculators, as follows:

• Quick Income Projection - This tool lets you do a fast calculation of your potential gross income. It does not take into account business expenses.
  
  
• Detailed Income Projection - This tool allows you to perform detailed analysis of your potential income over time. It takes your estimated monthly projections over four quarters (1 year) plus an estimate of your ultimate goal. It then calculates your gross quarterly and annual income, expenses, net income and cash flows.

Additional Income Opportunities Beyond Billing

In addition, the above projections are based only on performing billing. You can add other services to your business that will increase your potential. Income can be generated from additional Practice Management Services that ClaimTek sets you up to offer, such as EFT, RBS, Well-Care, Digital Scanning and Collections. See Profitable Services for more information about these.