Billing Overview
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Medical billing is complex and ever-changing
Medical billing has become a moving target, with new reimbursement challenges constantly emerging. Hiring and keeping skilled billing staff has grown increasingly difficult and expensive for many practices. As a result, a rising number of providers are outsourcing their Revenue Cycle Management (RCM) to alleviate the administrative hassles and overhead of the billing process.
Outsourcing billing can boost a practice’s net collections, while also freeing up resources to deliver a better overall experience for patients and providers.
What is the true cost of in-house billing?
When deciding whether to outsource your billing, thoroughly evaluate the full costs of an in-house billing department. Beyond just the hourly rates for billing staff, in-house billing incurs numerous other tangible and intangible expenses – such as overhead, technology, training, management time, and opportunity costs. Carefully considering all these associated costs can help determine if outsourcing billing is the more financially prudent option.
Is outsourcing the right solution for your practice?
Independent medical practices grapple with a growing administrative workload that threatens to disrupt their operations. To ease this burden, practices adopt a revenue cycle management system internally to optimize efficiency and enhance financial viability. However, even with such a solution in place, they still struggle to sustain practice efficiency and profitability amidst evolving payment models. Their staff must still devote significant time to navigating payer changes, processing claims, and managing appeals – all while ensuring patients receive the necessary care. Independent practices and physicians should hence look to hire an expert billing service who can collect faster payments and optimize the financial health of your practice.
Implement our Managed Billing solution for financial stability and success.
- We are equipped to handle new reimbursement methods.
- We meet the demands of value-based healthcare.
- We track and submit cost and quality data.
- We integrate front-end and back-office support into our workflow.
- We watch every step of the process to boost your payments.
- We achieve faster and more complete reimbursement for your practice, legally and ethically.
our managed billing service
Here's what you can achieve
BOOST YOUR ROI & CASH FLOW