Thank you for your interest in the ABILITY Value Estimator. ABILITY Network provides this estimator for your convenience in evaluating potential cost savings that a company might experience using ABILITY services. By using this estimator, you accept and agree to the following conditions and limitations:
The ABILITY Value Estimator uses average industry cost data to estimate possible cost savings for a typical business. For example, the ABILITY Value Estimator assumes a particular hourly wage paid to employees involved in processing insurance claims. These assumptions is based upon generalized research and might not apply to a particular situation or business. ABILITY Network cannot guarantee the accuracy of the industry data utilized by this estimator. Information the ABILITY Value Estimator provides is for illustrative purposes only and is not intended to be relied upon for any individual purchasing decisions. Depending upon a number of variables unique to a particular business, such as the amount of time spent in training employees or entering data, actual results might differ. Therefore, ABILITY Network makes no representations, warranties, or guarantees regarding the ABILITY Value Estimator or results obtained from its use or the use of any product or service. ABILITY Network shall not be responsible or liable for any errors or omissions in use of the ABILITY Value Estimator or results obtained from any such use.
You should not rely solely upon the ABILITY Value Estimator when making any decisions. When selecting any product or service, you should obtain additional information necessary to make an informed decision. The ABILITY Value Estimator and industry data the estimator uses are subject to change without notice, which also will affect the accuracy of any estimates.
This calculation is based on a 40-hour work week for a medical billing specialist paid $27 an hour. The hourly rate estimate reflects data from salary.com and the Intuit QuickBooks employee cost calculator.
All default denial percentages were taken from:
Feldt, R. (2017). Process Improvement Can Prevent Denials. HFMA/Revenue Cycle Strategist,14(5), 8-8.
All calculations are based on a 33% gross collection percentage.
1Your Revenue Cycle: Denial Rate. (n.d.). Retrieved June 27, 2018, from https://www.aafp.org/practice-management/administration/finances/denial-rate.html