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SAVINGS SCENARIOS

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

 

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

 

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

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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