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Billing Information <br /> <br />Potential clear <br />Note: <br /> <br />Mid-State would provide billing information and transports would be <br />billed by Cabarrus County Ambulance Billing. Payment would be made to <br />Cabarrus County. <br /> <br />On a monthly basis Mid-State Transport would bill the Cabarrus County <br />$105.00 and $2.75 for each loaded mile. <br /> <br />The following is projected revenue / cost. The revenue is based on current <br />Medicare reimbursement rates for transport and loaded mileage of $109.00 <br />and $5.00. The projected "Loaded Miles" is 5 miles per transport. The cost <br />is based on projected payment to Mid-State Transport on a monthly basis. <br />The above is based on current data in regards to total transports per month. <br /> <br />(Monthly) <br />Revenue <br />Transport $22.672.00 <br />Loaded Miles $5.200.00 <br />Total Billed $27.872.00 <br /> <br />Total <br /> <br />Cost <br />$21.105.00 <br />$2.763.75 <br />23.868.75 <br /> <br />(Yearly) <br />Revenue <br />Transport $272.064.00 <br />Loaded Miles $ 62.400.00 <br />Total $334.464.00 <br /> <br />Cost <br />$253.026.00 <br />$ 33.165.00 <br />$286.191.00 <br /> <br />revenue $ 48,273.00 <br /> <br />The above is based on potential revenue. <br />Actual revenue will vary based on collection rates. <br /> <br />In addition Medicare reimbursement rates increase January 2003 into the $140.00 <br />range per transport. <br /> <br />To increase current collection rates contracts would be developed. Each care <br />facility utilizing convalescent services would be required to sign this contract to <br />insure payment in cases where Medicare, Medicaid etc. refuse to pay. <br /> <br /> <br />