Cutting Edge Cash Flow Solutions

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Real-Time Electronic Medical Claims Filing™ - Lost Revenue Recovery Worksheet

Click here for a printable copy in Microsoft Word format.

Electronic Medical Claims Filing 1. Average Doctor 2. Average Doctor With EMCF 3. Your Numbers Now 4. Your Numbers With EMCF
A.   Number of Insurance Claims Per Year 6,250 6,250  
B.   Average $$ Per Claim $225 $225    
C.   Total Annual Insurance Billing $1,406,250 $1,406,250    
D.   Percentage of Claims Rejected 22% 1%   1%
E.   Number of Claims Rejected 1,375 63    
F.   Amount of $$$ Rejected $309,375 $14,175    

G.  Percentage of Rejected Claims NEVER Recovered

40% 40%    
H. Total $$ Never Collected $123,750 $5,670   0
I. Saving From Using Electronic Claims Filing $118,080    
J. Average $$ Spent Processing Each Claim (includes data entry, phone time, postage, etc.) $11.35 $4.00   $4.00 
K.    Annual $$ Spent on Processing Claims $70,937 $25,000   $0
L.   $$ Saved Annually on Processing Claims $45,937  
M.  Total Additional Revenue Using ECF $164,017  
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