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Essential Software |
MD Cost Analysis Wizard
(MDPAW)
MD Practice
Analysis Wizard
| show doctors HOW you
can save them money!
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ClaimTek's MD Practice Analysis Wizard in the most comprehensive billing cost analysis software available. This application has been designed to let you compare the actual costs of the healthcare
provider's in-house billing operation versus the potential costs of outsourcing the billing operation to
YOU as the professional billing service. The software produces convincing side-by-side tables and graphical comparisons of the results. This is a scientific and powerful marketing tool for your billing service.
Most providers do not have a clue as to what they are really paying for claims billing services. The average medical office spends from $8.00 to $12.00+ per claim. With our system, you can process claims for $3.00 to $5.00 per claim,
and the provider benefits by receiving their insurance checks within a week or so.
The concept of this application is based on the various direct and indirect costs incurred in processing medical
claims in-house, such as:
- Labor Costs including benefits
- Postage, Claim Forms, and Envelope Costs
- Error Processing
- Administrative and Billing Costs
- Rental Overhead
- Time Value of Money
- Systems Upgrades & Maintenance
This screen shows calculation results and compares cost per claim if filed manually $7.51 vs. $3.28 if filed electronically through you. This provider is saving $4.23 per claim or $20,304 annually (12 months X 400 claims per month X $4.23 per claims).
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