Calculate Your Costs

How Much Do You Pay For In-House Billing?

Have you ever sat down and actually calculated just how much it costs you annually to process your billing in house?     No?

Not a problem! We have had a unique, first-of-its-kind in house billing costs calculator developed to do just that! Just enter your information as it is requested and you will see how much you pay for in house billing costs. [Warning: The figure may surprise you! Please be sure you are sitting down!]

NOTE: Since most practices are on a cash basis of accounting, it is best to use annualized figures to smooth out monthly variations. Most numbers are available with the detail of your year end financial reports.

* PLEASE NOTE: Unemployment is based only on the first $7,000 earned by each employee - with the exception of Mississippi - their unemployment is based on the first $9,000 per employee.

Further In Depth Analysis

Now that you've used our in house billing costs calculator to determine your actual costs for in house billing ... were you a bit surprised at the figure? Was it more than you thought? KLA will change that!! But first, let's take it a few steps further to measure the effectiveness of your current billing process.

To obtain a good understanding of how effectively your practice is handling your current billing and collection cycle, first ask your billing staff to take a short Competency Quiz we've created for you that enables you to discover revenues lost due to:

• Poorly or Improperly Filed Claims
• Improperly Written Off Claims

First, have your billing staff take this printable exam and return it to you for review. Then 'grade' the quiz to find out how well they did. Allow them to use all their resources. Then for each missed question, consider that your annual collections have decreased by a very conservative 1%.

This may take an afternoon, but could yield enormous returns to your bottom line! Ask your billing staff to provide you with a detailed list of the largest adjustments for the last month ranked from largest to smallest adjustment. Select adjustments equal to approximately 10% of your monthly collections and request supporting documentation. Examine the documentation. What was the cause of this adjustment? Was a procedure completely disallowed? If so, why? Was it an unrelated service during a global period? If so, a proper modifier should get it paid. Was it a 'medical necessity' denial? Have the patient�s medical records been examined for a supporting diagnosis? Was the claim denied for lack of timely filing? Omit from the analysis any adjustments for amounts due by patients. Collecting from non-paying patients is a 'hard collection' process best left to a professional collection agency.

Your staff knows what you want to see. How often is a difficult patient�s bill written off so your staff no longer has to deal with them? How frequently are write-offs done so you can be shown a certain percentage collection rate? Are you looking at your percentages, your amounts outstanding or the actual dollars coming into your practice? How often are accounts written off rather than appealed because your staff just doesn�t know what to do?

Once you have compiled all of this information, you will have a very clear - and perhaps again surprising - overview of your actual billing costs once everything is figured in ... including all the hidden costs that are so often overlooked.

Now jot down this figure and contact us to request a customized quote based on your specific needs ... and then compare the two figures to see the savings you can realize by hiring KLA Healthcare Consultants do your billing for you!!

We believe you will be suitably impressed by that savings - and remember that doesn't even figure in the immeasurable savings you will realize in the reduction of stress and worry of constantly trying to keep up with the ever-fluxuating coding and regulation changes that are constantly imposed - and the preservation of your good health and wellbeing when the weight of all these worries and concerns is lifted off of your shoulders and put into our capable hands!

As healthcare professionals, we know that you, above others, can recognize and fully appreciate the importance of that invaluable benefit!