Practice Revenue Calculator
Estimate your practice's revenue based on provider count, patient volume, and collection rate. See how small improvements can significantly impact your bottom line.
Practice Details
Revenue Summary
300
Weekly Patient Volume
$194,850
Monthly Gross Revenue
$165,623
Monthly Collected Revenue
$140,623
Monthly Net Revenue
$1,987,470
Annual Collected Revenue
$662,490
Revenue per Provider / Year
$29,228
Lost to Uncollected (Monthly)
Your practice loses approximately $350,730 per year to uncollected payments.
Improvement Scenarios
See how small changes to your operations could impact revenue.
If you improved your collection rate to 95%
Additional monthly revenue: $19,485
Additional annual revenue: $233,820
If you added 2 more patients per provider per day
Additional monthly revenue: $16,562
Additional annual revenue: $198,747
If you reduced overhead by 10%
Monthly savings: $2,500
Annual savings: $30,000
Tips to Improve Collection Rates
- Collect copays and balances at check-in. Pre-visit digital payments reduce no-shows and unpaid balances.
- Verify insurance eligibility before the appointment. Denied claims are the top reason for uncollected revenue.
- Send automated payment reminders via email and SMS. Patients are more likely to pay within the first 30 days.
- Offer online payment options. Practices that accept digital payments see 15-20% faster collection cycles.
- Review denied claims weekly. Many denials are recoverable with timely resubmission or appeals.
- Use digital intake forms to capture accurate billing information upfront, reducing claim errors and rejections.
Collect more with digital intake and payments
Formisoft helps practices collect patient information and payments before the visit, reducing no-shows and improving collection rates from day one.
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