COMBINE ADA TAX CREDIT, SECTION 179 and bill using cpt code 96002(technical component) and 96004 (report)
Tax deal
Let's assume a $10,000 cost for the DynaROM equipment.
The Breakdown (28% Tax Bracket)
Purchase Price: Initial cost of the medical device $10,000
ADA Tax Credit: 50% of the cost (after the first $250) ($4,875)
Tax Basis Remaining: Amount left to deduct after the credit $5,125
Section 179 Savings: 28% tax savings on the remaining $5,125 ($1,435)
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Real Cost DynaROM: Your final "out-of-pocket" equivalent $3,690
The Breakdown (28% Tax Bracket)
Purchase Price: Initial cost of the medical device $10,000
ADA Tax Credit: 50% of the cost (after the first $250) ($4,875)
Tax Basis Remaining: Amount left to deduct after the credit $5,125
Section 179 Savings: 28% tax savings on the remaining $5,125 ($1,435)
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Real Cost DynaROM: Your final "out-of-pocket" equivalent $3,690
Let's assume a real cost of $3,690.00 for the DynaROM equipment after tax savings.
Billing 96002 + 96004: Test & Report $500.00
Labor: CA time at 30 minutes max ($15.00)
Electrode Cost: Lumbar exam ($5.00)
Total Income Per Exam: $480.00 X 3
@5 Exams per month: $2400.00 X 3 PER PI CASE =$7200.00
Real Cost of DynaROM: $3,690
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DynaROM paid off in? 1.5 Months
Yearly Income DynaROM Testing (from court cases) $96,200
Reduced probability of fees being cut: $150,000
Support of MyoVision 100 plus legal wins? Priceless for you and patients
Billing 96002 + 96004: Test & Report $500.00
Labor: CA time at 30 minutes max ($15.00)
Electrode Cost: Lumbar exam ($5.00)
Total Income Per Exam: $480.00 X 3
@5 Exams per month: $2400.00 X 3 PER PI CASE =$7200.00
Real Cost of DynaROM: $3,690
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DynaROM paid off in? 1.5 Months
Yearly Income DynaROM Testing (from court cases) $96,200
Reduced probability of fees being cut: $150,000
Support of MyoVision 100 plus legal wins? Priceless for you and patients