Why outsource?

HIRING/TRAINING PROCESS

When you have a small staff working for you and one of them leaves, you have to start from scratch to replace them. Hiring can be time consuming and stressful, let us assign qualified individual(s) to see your claim from start to finish. No more training new employees and the associated costs to train.

REDUCES COSTS/INCREASING YOUR REVENUE

25 to 31 percent of total health care expenditures in the U.S. are administrative costs, according to a time-driven, activity-based costing study published in 2018 in the Journal of the American Medical Association (JAMA). 

It is fairly well-known that outsourcing medical billing can save  medical practices money. When performing a cost analysis for in-house billing processes, you can review things like software and hardware, processing costs like man-hours, postage, paper, the percentage of billing collected, and outstanding collections. Factor in the benefits package for employees:  wages, medical insurance, sick time, paid vacation, training, etc. How healthy is your revenue cycle? Stalled collection efforts and process  inefficiencies may point to outsourcing.  

Most medical practices find that after switching to outsourced billing, their total revenue increased anywhere from 10% to 30% within the first year. This is because billers know how to utilize the medical coding system in a way that maximizes revenue for the healthcare practice. Additionally, when a claim is denied or goes unpaid, the company puts in the sweat required to make sure you get paid properly for the service you provide. 

Don't let in house billing staff shortages and backlogs slow your revenue cycle. If your billing staff answers phones, checks out patients, makes collections calls, etc., billing and denial  management may not receive enough attention.