Prices
Save on Medical Billing Costs
Prices
Save on Medical Billing Costs
If you have experience working with a medical billing provider, you may know that outsourcing medical billing to specialised agencies can lead to significantly reduced costs for your own practice over time.
Why outsourcing is better than in-house billing?
Cost Categories | In-House RCM & Practice Management Costs | Outsourced to Prime RCM |
Billing & Coding Specialist Cost | $10,000 per month | Included in service fee |
RCM Director Cost | $15,000 per month | Included in service fee |
Secure Document Cloud Services | $3,000 per month | Included in service fee |
Claim Processing Software Licenses | $4,500 per month | Included in service fee |
Collections Team Cost | $7,500 per month | Included in service fee |
Training & Compliance | $2,000 per month | Included in service fee |
IT Support & Infrastructure | $5,000 per month | Included in service fee |
Healthcare Regulatory Compliance | $1,500 per month | Included in service fee |
Employee Benefits (Healthcare, PTO) | $12,000 per month | Not Applicable |
Office Space & Equipment | $4,000 per month | Not Applicable |
Total Monthly Operational Costs | $64,500 per month | $25,000 – $30,000 per month |
Net Collections | $1.05 million per month | $1.15 million per month |
% Increase in collections | Baseline | 10% increase with Prime RCM |
% Reduction in Operational costs | Baseline | 45% – 50% cost reduction |
*We charge a small percentage of your annual revenue as our fee for handling your complete medical billing.
Our Packages
Taking advantage of our bundled priced packages can significantly aid your medical practice with increasing your revenue and your savings at the same time, which will potentially set your business up for success. Don’t miss this opportunity to benefit from our discounted rates. We also match price so let us know how we can help you decide to take us on as your medical billing partner.
Prime RCM is fully HIPAA compliant which means that all our correspondence and your data is safe with us.
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