Skip to main content

Medical Billing Outsourcing



To outsource or not to outsource? That is the question that's been plaguing almost all medical offices these days.

Your practice is growing and it's getting busier with each day that passes. Your staff is getting frazzled servicing all those incoming patients, not to mention answering phone calls and whatever crisis your office might be going through that day. Plans don't necessarily apply to life because things are never predictable. As a doctor, you know this more than anyone. Although coding errors might be a fact of life if you do your own medical billing and coding, you really don't have time for it. So how do you deal?

The industry tells you that medical billing outsourcing is the answer. But is medical billing outsourcing really beneficial?

In a word, absolutely.

True that there are cons to medical billing outsourcing, but the pros more than make up for it. With the burden of medical billing handled outside your office, medical billing outsourcing can do a lot for your practice. Just imagine you and your staff without the problem of medical billing and coding in the way. Imagine how much work you can do in a day when you don't have to waste time trying to correct coding errors. Medical billing outsourcing makes that possible and more. Medical billing outsourcing will allow you time to develop relationships with new patients and more time for marketing your practice.

Having a medical billing outsourcing firm handle your medical billing will result in greater accuracy which could then lead to expediency in your revenue for your practice. Because they are dedicated to servicing you, a medical billing outsourcing service is going to have the time to check and double check claims to make sure they are absolutely accurate.

That is certainly a far cry from your in-house staff that could be interrupted or distracted by day-to-day office goings on. Because of this, more frequent mistakes can happen which equal to more delays in reimbursement. With medical billing outsourcing, you can stop worrying about this problem and focus on the more important aspect of your job - saving people's lives.

But that's not the greatest benefit medical billing outsourcing offers you. Since you've decided that you wanted to try medical billing outsourcing, you will find out that the biggest pro of hiring an outside firm to handle your billing is practically zero overhead costs associated with in-house employees. Costs such as salaries, benefits, year-end W-2s, unemployment claims, state and federal taxes can be dispensed of. Just freeing yourself from having to manage extra people is already a big bonus but medical billing outsourcing goes beyond that. It can actually free you from the additional costs.

So to outsource or not to outsource? The answer should be obvious by now.

Labels:

Popular posts from this blog

Medical Billing Careers

Medical billing careers are among the top contenders of the recent job explosion in the healthcare industry. In fact, the Bureau of Labor Statistics states that it is one of the top twenty occupations in healthcare. Medical billing careers are pivotal to the success of the medical practice. It is often referred to as the doctor's key to getting paid for the services he rendered. Medical billing careers encompass a wide scope and a broad range of responsibilities as it includes front office tasks, among others, in its list of things to do. Nature of Work Success in medical billing careers is not as easy as it is often made out to be by those ads you see in the classified section of the local newspaper or the Internet. Not everyone who enters into one end up rich. Competition is fierce and in the end, the competent ones are the only ones who survive. To achieve some measure of success in medical billing careers, you will need to know all the basic concepts related to the jo...
Read more

Billing Insurance Medical Software

The process of selecting billing insurance medical software for a medical office or clinic can be overwhelming and time-consuming. There are just too many billing insurance medical software packages available out there; it's hard to make up your mind. In addition, compliance to strict guidelines regarding the privacy and security of patient records and information is required by the Health Insurance Portability and Accountability Act of 1996 (HIPAA). That makes it even harder to find a billing insurance medical software program that hits every aspect of the target. Finding the right type of billing insurance medical software can spell the difference between a good service and a bad one. In fact, the type of billing insurance medical software used in an office or clinic can greatly influence its bottom line. Its effect even embraces such things as business efficiency and employee turnover. There are also hidden costs to billing insurance medical software and they can often...
Read more

Medical Insurance Billing Software

Medical insurance billing software has been helping medical practices manage their offices for decades now. In fact, the earliest medical insurance billing software, though somewhat primitive then, started appearing thirty years ago, give or take a few years. One can even say that medical insurance billing software is about as old as medical billing itself. The medical insurance billing software packages today are called medical practice management systems or MPM systems and they bear only the most basic resemblance to their older counterparts. These packages are often packed with features to make medical billing easier and simpler for the medical biller and coder. The uses of medical insurance billing software may vary depending according to the type of features the package contains. Some solutions may allow staffers to track patient demographics, visits, and diagnoses. Others may collect, transmit, and track billing information and insurance payments. Still others apply mor...
Read more