Outsourced Billing / RCM Calculator

You don’t have to make your outsourcing decision based on assumptions. Medphine allows you to do the real-time price comparison by entering current information based on your practice’s financials along with our proposed RCM fees to see if outsourcing the billing department is right for your practice.

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Number of Full-Time Equivalents working in your billing department
Average billing staff hourly wage
Average amount spent per month on each employee's benefits
Estimated annual wage & benefit cost for the internal billing department
Annual computer software and hardware cost of Billing Staff
Estimated Annual Clearinghouse & Statement Fees
Estimated Monthly Office Space Rental/Cost For Billing Staff
Estimated Cost For Internal Billing Department

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Name*
Practice Name*
Email ID*
Phone Number*

Estimated Annual Practice Charges
Practice's Current Gross Collection Rate (Total Payments Divided By Total Charges)
Calculated Practice Annual Revenue
Expected Increase In Gross Collection Rate From RCM (Practice should aim to see a 5-10% increase in gross collection rate)
Expected Collection Rate After Outsourcing Billing Department To RCM
Expected Increase in Gross Collection
Estimated Annual Collections After Billing Department Is Outsourced To RCM
Expected RCM Fee (Percent as quoted by Medphine)
Estimated RCM Fee
Annual Billing Costs Practice Retains After Outsourcing to Medphine
Any reduction/credit(s) in computer/software costs. (i.e. Reduction in EMR software fees, etc)
Expected Practice Cost For RCM Solution
Cost Of RCM Solution Versus Internal Billing Department
Total Estimated Benefits
Disclaimer: Medphine.com makes no warranties about the accuracy or quality of this calculator. This calculator is for demonstration and estimation purposes only and should be used at the users own risk.

Outsourced Billing / RCM Calculator

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