|
KV Physician Services, LLC The Physician's Advocate |
HOME ALL SERVICES EMPLOYEE COMPARISON REFERENCES CONTACT US
Average Medical Biller in the state of Colorado will make anywhere from $13 to $15 an hour. The following scale shows what that
biller will cost you as an Employer in 2010.
|
|
|
|
HRLY |
$ 13.00 |
$14.00 |
$ 15.00 |
FUTA |
$ 0.10 |
.11 |
$ 0.12 |
SUTA |
$ 0.16 |
.17 |
$ 0.18 |
FICA |
$ 0.14 |
.15 |
$ 0.16 |
Plus Health** |
$ 1.47 |
1.47 |
$ 1.47 |
Tot per hr |
$ 14.87 |
$15.90 |
$ 16.94 |
TOT PER YR |
$30,936.61 |
$ 33,081.15 |
$35,225.69 |
minus health |
$27,879.01 |
$ 30,023.55 |
$32,168.09 |
**Low End Health 256.07/mth div by 173.33 work hours per month
These figures do not include Workers Compensation or Overtime costs or Office Costs
| Employees needed for an average office per month |
|
Billers |
*Expected |
**Emp. | KV |
Per Mth |
|
|
Charges |
Needed |
Income |
Cost | Cost |
Savings |
Savings |
|
| 1 FT Doc |
$35,000 |
1 | $ 22,750 | $2,578 | $1,592 | $ 985 |
$11,826 |
| 1 FT Doc |
$45,000 |
1.5 | $ 29,250 | $3,867 | $2,047 | $ 1,819 |
$21,834 |
| 2 FT Doc |
$80,000 |
2 | $ 52,000 | $5,156 | $3,640 | $ 1,516 |
$18,193 |
Expected Income should come in no less than 65% of billed charges ( with billed charges set at 150% of Medicare rates).
**Employee cost is based on top chart using the $13/hr
KV Physicians averages at 70% of billed. With KV Physicians being paid on a percentage of income brought in, these percentages stay consistent. Employees tend to not be as serious about keeping income high.