ClaimTek - Medical Billing (800) 224-7450

Simple Income Calculator

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To Use The Quick Income Calculator:

  1. Choose the method of pricing you will use in your business: per claim fees or percentage.
  2. Then move the sliders or type a number in each box representing your monthly estimates.
  3. The results will appear showing your projected monthly and annual income.
     
     
   Service pricing method [choose one]:
   Number of doctors:
   Average monthly claims per doctor:
   
   
 

Service pricing method:
Medical billers usually choose one method of pricing their services: a percentage of all fees collected (most common method) or a flat fee. The flat fee may be $2.00-$10.00 per claim (mostly around $3 or $4) and $2.00 - $3.00 per patient statement. The percentage method may range from 3% to 12% of all fees collected, with an average of 7% or 8%.

Number of doctors:
Medical billing companies starting out may be able to service from 1 and 7 doctors or health care providers depending on size and volume. Some grow to have tens, even hundreds of providers. You might calculate once with just 1 or 2 providers to represent a start-up period of time; then do it again to simulate having a more mature business with more clients.

How many claims per month:
The average number of claims varies per specialty. Chiropractors, internal medicine providers, pediatricians, and dermatologists may see several hundred patients per month while surgeons may see about 100. Move the slider here using your best estimate of the average number of claims you might handle per month.

Percentage collected:
Move the slider to indicate your average percentage fee. For most billers, this can range from 4% to 12% depending on specialty and other factors. It can even go higher if you are collecting on old unpaid claims.

Average claim value:
Claim values will vary, depending on medical specialty, number of services performed, approved insurance rate, and other factors. In general, you might use an average of $50 to $300 you will collect per claim from the insurer and the patient. Some claims can reach as high as $1000 or $5000 if you are billing for specialists. Use an average here.


Also check out our advanced income projection calculator