Estimates vary widely on how much it costs to lose and replace an employee. It is expensive!
For example, replacing a professional runs in the THOUSANDS OF $$ broken down as follows:
Administrative costs to process candidates $400.00
Interview costs $720.00
Advertising $920.00
Training $11,000.00
Office space, computer, phone, etc ????????
YOU PAY ONLY FOR THE SERVICE YOU RECEIVE. ELECTRONIC Claims Processing Facts
It is estimated that around 6 billion claims are submitted each year.
FACT: About 40% are filed electronically
FACT: Error rates are reduced by sending electronically
FACT: Medicare will require you to file electronically by April 2004 in the new HIPAA format according to the TRANSACTION RULE
FACT: 30 - 35% of all paper claims are rejected. Why: Due to typos, errors and omissions
FACT: Electronic audit/edit process reduces dramatically the rate.
FACT: Annual healthcare expenditures increase by 12% YEARLY
PHYSICANS CHOICE MEDICAL BILLING INC., is dedicated to providing the health care industry ways of making their practices more productive and profitable, enabling the provider to focus on patient care. Our services, combined with efficient practice management will enable every practice to maintain quality healthcare to their patients.
Call us today (919) 374-2955
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