A Sample of Savings

Example of In Network expenses:

Monthly gross revenue for the Rehab facility based on average is $50,000

Although JBills feels they are equipped to increase your revenue, no adjustment is made for any increase in the following example.

MONTHLY COST OF IN-HOUSE BILLING

  • Employee Salary $2,500

  • Employee Taxes & Benefits $500

  • Employee Vacation/Sick Leave $600

  • Employee Training/Seminars $600

  • Computer Hardware/Software $500

  • Claim Forms/Patient Statements $250

  • Postage $250

  • Long-Distant Telephone $100

    Total $5,300

  COST OF BILLING SERVICE

 6% OF COLLECTIONS $3,000

 Based on the above figures, in-house billing costs 11% of collections as opposed to a billing service’s 6%.  In addition, this does not include any bills that our paid over the expected amount.

In house cost and hassle

In-house billing results in increased costs costs which include additional employees, salaries, taxes, benefits, vacation, sick leave, training, and turnover. Additionally, the cost of computer hardware, software, support, and upgrades along with postage, claim forms, patient statements, telephone charges, and any seminars will incur more expenses. These costs don’t include the interruption to your facility operations. To be able to give these responsibilities’ to a dedicated team with no other focus than getting these claims paid is a huge relief financially and operationally to your facility.

JBills also possesses the capability to enhance your revenue collections. Any insurance providers equipped to receive electronic claims are directly invoiced through our computerized system. The use of electronic filing reduces the time it takes for your claims to be processed. Unfortunately, medical billing has evolved beyond the simple submission of claims; a comprehensive follow-up protocol is necessary for all claims to ensure optimal reimbursement. This facet of follow-up is often lacking in internal billing processes, resulting in many claims being denied and causing direct financial losses for your facility. JBills is committed to diligently pursuing those challenging claims, thereby boosting your earnings.

We take pride in cultivating effective relationships with key personnel across major insurance companies, who collaborate with us to expedite and address claims processing issues. Our services encompass billing and collection from both primary and secondary insurance carriers, ensuring complete payment retrieval. Ultimately, if a patient still holds financial responsibility post insurance settlement, we generate and send out statements to address these outstanding amounts.