Small adjustments to your billing can make a significant impact to your income. If your practice sees 100 patients a day, mistakenly under-billing just one of those patients could result in significant loss of revenue, as shown in the table below.
Incorrect item and amount billed |
Correct item and amount that could have been billed |
Difference per consultation |
Loss of revenue over one 5-day week |
Loss of revenue over one 48-week year |
Level A consultation (Item 3) |
Level B consultation (Item 23) |
$20.75 |
$103.75 |
$4980.00 |
$17.45 |
$38.20 |
Level B consultation (Item 23) |
Level C consultation (Item 36) |
$35.75 |
$178.75 |
$8580.00 |
$38.20 |
$73.95 |