Why Do I Outsource My Billing Process?
Why Do I Outsource My Billing Services?
In today’s healthcare environment, providers not only have to focus on patients, but also must be attentive to the bottom line of their practice. However, complex payer guidelines and evolving regulations tend to adversely affect the financial health of the practice if billing is not done quickly and accurately
Studies indicate that medical practices lose a large proportion of their income due to abnormal coding delayed application and slow payment, and rejected claims that cause significant loss of income if not processed efficiently.
In-House vs Outsourced Billing
By outsourcing your medical billing, you could save thousands of dollars in annual salaries and benefits; office supplies and furniture; and purchasing, upgrading and maintaining billing software and computer equipment. Medical billing companies charge a flat rate per claim or a percentage of the reimbursement on each claim. Either way, it is less costly than what you would pay for medical billing staff to provide the same exceptional services that are provided by outsourcing companies.