Revenue Calculator | CollaborateMD
CMD Revenue Calculator
Medical Savings Revenue Calculator

Calculate how much you can get paid more and faster, in just minutes with our CMD Revenue Calculator! Our CMD Revenue Calculator will show you how our solution can advance your practice's financial goals!

Answer the five simple questions below to gain an understanding on how CollaborateMD can improve your revenue as a result of our FPA rate of 99%!

*Industry averages for First Pass Acceptance rate are between 79%-85%.

« Recalculate
  Current Software CollaborateMD

Providers in your practice

1

Claims per month per provider

200

Average claim value

$
$125

Current percent of accepted claims

%
99%

Staff hourly wage (including overhead)

$
$18.00
  Current Software CollaborateMD
Number of monthly claims in your Practice: 200 200
Accepted 150 198
Rejected 50 2
Average Monthly Charges $25,000 $25,000
Accepted $18,750 $24,750
Rejected $6,250 $250
Rejected Claims to be resubmitted each month 50 2
Minutes to Resubmit a Rejected Claim 10 10
Total Hours Each Month to Resubmit Rejected Claims 8.3 0.3
Monthly Cost to Resubmit Rejected Claims $150.00 $6.00
Increased Revenue with CollaborateMD per Month $6,150.00
Increased Revenue with CollaborateMD per Year $73,800.00
Contact us today to learn how CollaborateMD can improve your revenue!

The first pass acceptance rate (FPA) is the percentage of claims that pass the tens of thousands of clearinghouse edits at the first submission. Claims are passed on to the insurance payer immediately after, meaning that more claims have a higher chance of getting paid faster.

The national average for FPA rates is said to be only 70%. CollaborateMD's FPA rate is 99%, 29% higher than the national average. We reach a high FPA rate because we update our software and edits frequently to prevent errors upfront during data entry.

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