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Kareo helps small practices succeed in today’s challenging market. By simplifying your operations and making it easier to connect with patients, our software and services make running a small practice easier.

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We’re here to help

Our mission is simple: help you make your practice more successful. Right from the start, we make it easy to get up and running with Kareo. And that support is ongoing to make sure you’re always getting the most out of our solutions.

  • Free 1-1 Success Coaching

    For the first 30 days, you’ll have your own Kareo success coach – at no extra cost. Get the one-on-one attention and support you need right from the start.

  • Moving your files

    We’ll help you get your files from the cabinets and closets up to the cloud so you can access them anytime and from anywhere.

  • Your style of support

    Get support anytime, any way. You can contact us via phone, email or chat. We’re always here to help.

"With Kareo EHR iPad I can talk with my patients face to face without having to keep looking at the computer screen. Much more relationship friendly!"

– Sharon McCoy George, MD

"The single best feature is the fact that I can access my notes anywhere with the iPad supportability."

– Edward D. Hirsch, MD

"Our profits went up at least 25% within the first three months of using Kareo"

– Michele O'Conner Fujii

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We’ve found the best available tools and services to help you make the most of your practice. From specialty EHRs to practice marketing, you have lots of options.

See how Kareo can improve
your bottom line

We understand every practice is different. This ROI calculator was created to show you how much switching to a Kareo solution will help your practice.

Calculate your ROI

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Explore Kareo Plans and Pricing

 

TERMS AND METHODOLOGY

Terms

Use of the Kareo Revenue Calculator is subject to the following conditions and limitations.

The information provided by the Revenue Calculator is based on historical data from a limited set of medical practices, average industry cost data published by others, and user responses to a few select questions. Due to the inherent limitations of the data that modeling tools such as the Revenue Calculator must use, any information that they provide is offered for illustrative purposes only and cannot be expected or relied upon to project future results.

IMPORTANT: Kareo, Inc. makes no representations, warranties, or guarantees regarding any information provided by the Revenue Calculator or the results obtained from its use or the use of any product or service and shall not be responsible or liable for any errors or omissions in that information or the results obtained from any such use.

The information provided by the Revenue Calculator does not constitute advice of any kind and should be viewed critically; users should obtain any additional information necessary to make an informed decision as to the selection of any product or service. Changes may be periodically made to the data on which the Revenue Calculator is based; these changes may or may not be incorporated into any new version of the tool, and results provided by the tool may vary with each use and over time. If you have obtained information reportedly provided by the Revenue Calculator from a source other than kareo.com, please be aware that such electronic information can easily be altered subsequent to its original distribution.

Methodology

Overview

Kareo’s goal with the Revenue Calculator is to provide a simple illustration of some of the ways the Kareo software can help improve a practice's revenue.

MGMA Medical Practices Survey Response Rate

  • Invitations mailed 58,170 (100.00%)
  • Undeliverable 3,494 (6.01%)
  • Invitations reaching recipients 54,676 (93.99%)
  • Responses 2,185 (4.00%)
  • Excel surveys 1,465 (67.05%)
  • Web surveys 721 (33.00%)
  • Paper surveys 0 (0.00%)
  • *Ineligible or incomplete surveys 66 (3.02%)
  • Completed surveys included in the report 2,119
  • **Gross response rate 4.00%
  • ***Net response rate 3.88%

    * Missing required answers; not a full year of data; academic practices or ambulatory surgery centers.
    ** (Number of responses divided by the number of invitations reaching recipients) x 100.
    *** ((Responses minus ineligible or incomplete surveys) divided by invitations reaching recipients) x 100.

Calculations

Average Monthly Collections: 
The average monthly collections data for each specialty was taken from the 2011 MGMA Physician Compensation and Production Survey. The attributes used to select this data were collections for professional charges excluding the technical charge for the operation and use of the equipment and non-practicing physician costs. Survey data was used from all surveyed practices, physicians working full time, non-hospital employees, with a single specialty focus. If the data for a given medical specialty was not available an average of all specialties was used for that specialties monthly collections.

Meaningful Use Incentives
Meaningful Use Incentives are based on completing Stage 1, Year 1 in 2013 for a total of four years attestation, resulting in a total incentive payment of $39,000. The amount of the incentive changes based on program, stage, and year.

PQRS Incentives
To determine the incentive for PQRS, the practice’s average monthly collections is multiplied by the incentive of +.5%. This provides a monthly payment for successful participation.

$0Annual Increased Revenue
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Results
  
  • Cure your cash flow with Kareo
  • Increase Collections by:9.7
  • Save by OutsourcingYes
    Yes
    No
  • Meaningful Use IncentivesYes
    Yes
    No
  • Qualifications for PQRS MedicareYes
    Yes
    No
  • Providers in your practice:1
  • Practice Speciality:
  • Avg. mo. collections:$60,200
  • Number of billing personnel:1
Revenue Calculator

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What are your average monthly collections?

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Need to make a change or planning for the future?

Regardless of what the future holds for your practice, Kareo grows with you. And that's only one of the benefits of being a web-based solution. With no hardware, licensing fees, maintenance or upgrading required, you'll have the freedom to grow at your own pace — worry free!









Return to Results

 

Okay, Here's How We Can Improve Your Cash Flow

Take a look at each of the areas on the right that have an impact on your cash flow, and we'll show you how Kareo can help you improve collections, take advantage of incentive programs, and reduce costs at your practice.

Give us a call at (888) 775-2736 to talk to a billing expert in more detail about your needs and what we can do to help your small practice become a best practice.

*The data used in this calculator is based on historical data from Kareo customers as well as third-party research.

Get Started

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Increase Collections

Kareo's built-in best practices get you paid more, faster! Join over 25,000 providers that are already reaching best practice industry standards such as days in A/R less than 40, 98.7% of claims accepted on first submission, and denial rates of 4% of less.

Kareo helps you achieve these results by:

  • Providing an intuitive, fully electronic process from appointment reminders to claims scrubbing to electronic funds transfer
  • Keeping the software accurate, up to date, and constantly improved in response to industry changes and your feedback
  • Helping you understand and qualify for government and commercial incentive programs
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Billing Services

Kareo Billing Services offers a unique combination of proven experience and powerful technology to help your practice succeed. There are many advantages to outsourcing – not the least of which can be improved cash flow. For a small percentage of your collections, a dedicated billing team will thoroughly evaluate and manage your revenue cycle. They will implement best practices so that you can collect more at a lower cost and get paid faster.

Kareo Billing Services strives to achieve key best practice metrics for all customers*:

  • Net collection rate of greater than 95%
  • Average days in A/R less than 40
  • A/R over 120 days less than 12%
  • Claim denials of less than 3-5%
  • Days from date of service to billing less than 3

*Actual results vary

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Qualify for Meaningful Use

Kareo makes it easy to track and report your core criteria and clinical quality measures for Meaningful Use. You can qualify for incentives and avoid future adjustments to your Medicare reimbursement.

  • Start Meaningful Use Stage 1 in 2014 and receive up to $24k per provider over 3 years for Medicare or $53,125 for Medicaid over 5 years
  • You must attest no later than Oct. 1, 2014, in order to avoid the 2015 penalties.


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Qualify for PQRS Incentives

Similar to Meaningful Use, the Physician Quality Reporting System (PQRS) is an incentive program that requires participants to report on specific quality measures. These measures can be reported to CMS through the Kareo Practice Management or EHR systems to qualify for payments in 2014.

  • The incentive is equal to 0.5% of the total estimated Medicare Part B Physician Fee Schedule (PFS) allowed charges for covered professional services furnished during that same reporting period.
  • EPs who do not satisfactorily report data on quality measures for covered professional services during the 2014 PQRS program year will be subject to a 2% payment adjustment for services provided in 2016.
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