Benefits & Advantages To Outsourcing

There are many advantages to outsourcing your medical billing. It saves time and money and eliminates the burden of concentrating on too many aspects of the medical office, hospital, long-term care facility, individual practice. Outsourcing provides the following benefits:

• More Focus on Patient Care. Spend more time focusing on what you do best and that is concentrating on patient satisfaction and providing quality care to your patients.

• Reduces Billing Errors. Experienced, professional medical billers can ensure that your claims are accurately submitted in a timely manner.

• Saves Money. 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 a medical billing staff to provide the same exceptional services that are provided by outsourcing companies.

• Improves Cash Flow. Using a medical billing service allows a continuous, steady flow of claims going out and cash coming in.

• Improves Patient Satisfaction. The ability to offer excellent customer service is what all medical professionals want to provide to their patients. Your patients will be satisfied with the uninterrupted, courteous, and professional assistance for any billing questions or issues.

• Ensures Billing Compliance. Medical billing companies stay up-to-date on the latest changes in regulations and requirements in order to maintain compliance and ensure the submission of clean claims.

• Increases Revenue. With the reduction in overhead costs, the timely submission of medical claims and the increased reimbursements, a higher profit is another advantage outsourcing can provide to your medical office.

In-House Medical Billing Issues

Higher Costs: It’s generally accepted that the expenses of paying billers’ salaries, covering employee benefits, and purchasing technology systems add

up to more than is commonly paid out to a third-party billing solution.

Liabilities: Medical billing departments can be hotbeds for embezzlement, and general employee neglect (think ignored encounter forms, discarded super

bills, and un-appealed claim denials) can go largely unnoticed if managers don’t keep a stringent eye on billing operations.

Support Issues: If your billing department consists of only two or three staffers, your operations and cash flow can be majorly stalled when even

just one employee gets sick, goes on vacation, takes a leave of absence or quits altogether.

Advantages to Outsourcing

Medical billing can be a challenging task for small medical practices. Many physicians choose to outsource their medical office billing to a professional medical billing company for simplicity and to ensure compliance with regulations. Outsourcing your medical billing saves time and money as well as eliminates the burden. Other benefits and features include: