AISimplicitySpee

How These Results Are Calculated

This calculator estimates your potential lost and delayed revenue based on the following inputs:

  • Monthly Encounters: The total number of patient visits you or your group typically see each month.

  • Average Reimbursement: The average dollar amount reimbursed per encounter.

  • Missed Charges (%): The percentage of encounters that go unbilled due to incomplete documentation, forgotten charges, or process gaps.

  • Denial Rate (%): The percentage of claims denied on first submission, requiring rework or resubmission.

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Calculation Details:

  • Monthly Lost Revenue:
    MonthlyEncounters×AverageReimbursement×MissedChargesMonthly Encounters × Average Reimbursement × Missed Charges %

  • Monthly Delayed Revenue:
    MonthlyEncounters×AverageReimbursement×DenialRateMonthly Encounters × Average Reimbursement × Denial Rate %

  • Monthly Collected Revenue:
    TotalPotentialRevenue−(LostRevenue+DelayedRevenue)Total Potential Revenue - (Lost Revenue + Delayed Revenue)

  • Potential Additional Revenue with Genesis:
    Assumes that Genesis can help recover up to 85% of missed or delayed revenue through automated charge capture, real-time coding, and denial reduction.

AllAssetsWithAndroid

Important Notes:

  • These calculations are estimates and may vary based on payer mix, specialty, and individual workflow.

  • For a more precise assessment of your potential ROI, we recommend scheduling a demo and review of your billing data.

  • The assumptions used here are based on industry averages and MediMobile client results.

Schedule a personalized demo: