SAVINGS SCENARIOS
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A 3 doctor practice, using InstaMed Automated Eligibility, saves ($6,293) per year
Assumes:
- 14,400 claims per year
- 10% rejection rate
- Staff is paid $15/hour
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A 7 doctor practice, using InstaMed's Claim Verification Services, saves ($28,711) per year
Assumes:
- 33,600 claims per year
- 10% rejection rate
- Staff is paid $15/hour
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A 5 doctor practice, using InstaMed Automated Payment, saves ($15,914) per year
Assumes:
- 24,000 claims per year
- 10% rejection rate
- Staff is paid $15/hour
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A 60 doctor practice, using InstaMed Remote Deposit, saves ($22,195) per year
Assumes:
- 24,000 claims per month
- 6,000 check payments per month (patient & payer)
- $100 average check size
- 24 hour funding
- Staff is paid $15/hour
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