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Instructions: Complete the fields listed under "Enter
Your Figures" column. Do not use decimals. To request a detailed analysis of
codes and/or complete billing cost analysis for your
practice, please
contact us today!
According to National Average, number of provider's insurance claims is 480 per month which will be 5,760 annually. Feel free to enter your average insurance claims per year.
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.
Total Annual Insurance Billing, is the Number of Insurance Claims Filed Annually multiply by Average Value Per Claim.
According to National Average, 25% of insurance claims get rejected if they were filed by paper and only 1% of insurance claimes get rejected if filed electonically, feel free to enter your practice rejected claim's rate.
According to the percentage you entered for Percentage of Rejected Claims, here you see the number of rejected claims you got.
By multiplying Number of Rejected Claims by Average Value Per Claim the Amount of Rejected Claims is calculated.
According to National Average, Percentage of Rejected Claims Never Collected is 40% while filling by paper or electronically. We suggest you put 40%, but if you case is a special case, feel free to enter your prcentage.
Total of Claims Never Collected is the Percentage of Rejected Claims Never Collected times by Amount of Rejected Claims.
By deducting the amount of Total of Claims Never Collected if filed electronically from Total of Claims Never Collected if filed paper claims, you can see how much you can save by using Electronic Submission.