medical billing outsourcing solutions

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medical billing outsourcing solutions

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Outsourcing the billing process is definitely a lot cheaper than having an in-house team do it. The reasons include cost cutting on infrastructure, equipments, software, salaries for staff, hiring certified coders, availability and more. Moreover, the billing vendors are equipped with up-to-date software and the staff is well acquainted in using the same. – PowerPoint PPT presentation

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Title: medical billing outsourcing solutions


1
24/7 Medical Billing Services
  • Contact-
  • 24/7 Medical Billing Services
  • 16192 Coastal Hwy,
  • Lewes, DE 19958
  • USA
  • Phone 1 888-502-0537
  • Website www.247medicalbillingservices.com
  • Email info_at_247medicalbillingservices.com

2
CAN OUTSOURCING BE A SOLUTION TO REV UP RCM?
  • Increasing healthcare reforms and lack of
    skilled medical back-end staff like billers and
    coders are giving the physicians a tough time to
    maintain their revenue. Even though scores of
    medical practices in the US are trying out
    outsourcing their medical billing many physicians
    are still skeptical about adopting this
    unconventional method.
  • A Physicians Worries
  • The common thoughts that plague a physician
    regarding outsourcing medical billing are the
    following

3
Thoughts that plague a physician
  • I will lose control over my revenue and will
    become dependent on the billing vendor.
  • It will cost me a bomb and I cannot control the
    expenses because the work quality and my billing
    process would be at stake.
  • I will not be able to access the data and reports
    whenever I need to.
  • I am afraid of violating HIPAA guidelines.
  • What if the vendor has outdated software? I will
    either have to finance them or invest on it
    in-house for being on the same page.

4
Busting Medical Billing Outsourcing Myths
  • There are quite a few myths surrounding the
    outsourcing process which keep the doctors
    skeptical and carry on with a stagnant in-house
    billing process. Well explore the most common
    myths in the following
  • Losing control over the process and revenue
    collections tops the list.
  • A billing vendor is bound to provide you
    detailed reports of the claims processes, update
    the payment status immediately and be available
    for communication at any point of time. Usually,
    the billing partner shares these data online in
    an encrypted and secured way with the physicians
    following the HIPAA guidelines strictly. You
    should confirm the same when finalizing a vendor
    to ensure you arent in trouble in future.

5
Busting Medical Billing Outsourcing Myths
  • Cost cutting is not possible because Ill have
    to share from my entire earnings.
  • It is true that an outsourced billing
    partner will in all probability know how much you
    earn from the superbills you share but it is not
    true that the charges of their services be higher
    than an in-house team. You save on salaries,
    renting / buying an office big enough to
    accommodate the backend departments. Besides
    that, you dont have to worry about training the
    staff for keeping them updated on the regulation
    changes.

6
Thank You.
  • Contact for free consultation
  • Phone 1 888-502-0537
  • Website www.247medicalbillingservices.com
  • Email info_at_247medicalbillingservices.com
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