Outsourcing vs. FTE: Which Staffing Model Works Best? - PowerPoint PPT Presentation

About This Presentation
Title:

Outsourcing vs. FTE: Which Staffing Model Works Best?

Description:

Whether you’re a large hospital looking for flexibility or a small clinic in need of consistent and focused support, we’ve got you covered. This blog breaks down the differences between both models with real-world examples to help you make an informed choice. – PowerPoint PPT presentation

Number of Views:0
Date added: 22 January 2025
Slides: 12
Provided by: Infohubconsultancy
Tags:

less

Transcript and Presenter's Notes

Title: Outsourcing vs. FTE: Which Staffing Model Works Best?


1
(No Transcript)
2
Top 5 Outsourcing Medical Billing Services
Companies in India
When it comes to medical billing and coding,
healthcare providers have two effective staffing
options outsourcing services to a trusted
partner or leveraging the Full-Time Equivalent
(FTE) model. Both models provide unique
advantages, and choosing the right fit depends on
your practices needs, budget, and goals. At Info
Hub Consultancy Services (ICS), we offer both
outsourcing and FTE-based solutions to support
medical practices across 40 specialties. Lets
dive into these two approaches and explore how
they can benefit your practice. Read detailed
blog https//infohubconsultancy.com/blog/outsour
cing-vs-fte-which-staffing-model-works-best/
inquiry_at_infohubconsultancy.com
3
Top 5 Outsourcing Medical Billing Services
Companies in India
The Outsourcing Model A Hassle-Free
Solution Outsourcing involves delegating your
medical billing and coding tasks to a third-party
provider like ICS. This model works on a minimal
percentage of your total billing or a flat fee,
making it a cost-efficient option for healthcare
organizations that aim to focus on patient care
while relying on experts for RCM.
inquiry_at_infohubconsultancy.com
4
Top 5 Outsourcing Medical Billing Services
Companies in India
Key Benefits of Outsourcing Medical
Billing Cost-Effective You save on hiring,
training, and infrastructure costs as ICS handles
everything end-to-end. Scalability on
Demand Easily scale operations up or down based
on your billing volume without administrative
hassles. Expertise at Your Fingertips Get
access to certified coders and billers who are
well-versed in various medical specialties and
insurance requirements. No Infrastructure
Worries ICS provides advanced technology
platforms, enabling accurate and timely
submissions without requiring you to invest in
software or hardware. Streamlined
Workflow Focus entirely on improving patient
care while we handle your RCM with accuracy and
compliance.
inquiry_at_infohubconsultancy.com
5
Top 5 Outsourcing Medical Billing Services
Companies in India
The FTE Model Dedicated and Personalized
Support The FTE model provides healthcare
practices with dedicated billing and coding
professionals, who work exclusively for your
organization. At just 7.5 per hour, ICS ensures
that your FTE resources act as an extension of
your team, fully aligned with your practices
goals and workflows.
inquiry_at_infohubconsultancy.com
6
Top 5 Outsourcing Medical Billing Services
Companies in India
Key Benefits of the FTE Model Dedicated
Focus FTE staff work solely for your practice,
ensuring consistent quality and personalized
attention to your billing needs. Seamless
Integration The FTE team becomes a part of your
organization, aligning perfectly with your
processes, culture, and long-term goals.
Cost-Effective Long-Term Solution For practices
with stable and consistent billing needs, the FTE
model offers high value at an affordable rate.
Direct Oversight and Control You have the
flexibility to manage and monitor the work of
your FTE staff, ensuring full accountability.
Expert Resources, Zero Overhead With ICS
handling the hiring, training, and management,
you get expert professionals without worrying
about infrastructure or administrative costs.
inquiry_at_infohubconsultancy.com
7
Top 5 Outsourcing Medical Billing Services
Companies in India
Key Differences Between Outsourcing and FTE for
Medical Billing Heres a precise comparison
of Outsourcing and the FTE model for medical
billing, with a focus on how both models deliver
value
Factor Outsourcing Model FTE Model
Cost Structure Minimal or flat fee on total billing, saving on salaries, benefits, and infrastructure. 7.5 per hour per dedicated resource, offering predictable and affordable billing costs.
Scalability Easily scale up or down based on billing volume without administrative hassles. Ideal for consistent billing volumes with a dedicated and steady workforce.
Focus Task-based approach managed by ICS experts, freeing internal resources. Personalized attention to your billing needs, aligned with your practices goals.
Oversight Vendor-managed processes with clear Service Level Agreements (SLAs) and regular reporting. Direct control and oversight of dedicated FTE staff for maximum accountability.
Technology and Tools Access to ICSs advanced tools (AthenaHealth, Kareo, eClinicalWorks, etc.) without infrastructure costs FTE staff trained and experienced in your preferred billing platforms without additional overhead.
Flexibility Perfect for fluctuating patient volumes or seasonal billing spikes. Designed for practices with stable patient volumes requiring consistent support.
Specialization Immediate access to expert billers trained in over 40 medical specialties. FTE staff specialize in your practices unique requirements, ensuring deep familiarity.
Turnaround Time Faster submissions and reimbursements with a 24/7 dedicated outsourced team. Steady claim processing and follow-up to reduce denials over time.
inquiry_at_infohubconsultancy.com
8
Top 5 Outsourcing Medical Billing Services
Companies in India
Real-World Example Outsourcing Success for a
Large Multispecialty HospitalA 400-bed hospital
with fluctuating patient volumes partnered with
ICS for outsourcing medical billing. By
leveraging ICSs expert team and technology, the
hospital reduced claim denials by 40, achieved a
25 faster turnaround time for reimbursements,
and saved 30 on operational costs. Outsourcing
allowed the hospital to handle high billing
volumes seamlessly while focusing on patient care
and operational excellence. FTE Model Success for
a Small Specialty ClinicA 12-physician
gastroenterology clinic opted for 3 FTE billers
from ICS at 7.5/hour. This dedicated
team ensured personalized attention to every
claim, developed a deep understanding of the
clinics specific workflows, and reduced billing
errors by 20. Within six months, the clinic
improved its collection rate by 25 and
maintained consistent cash flowall without the
need for additional infrastructure or management
burden.
inquiry_at_infohubconsultancy.com
9
Top 5 Outsourcing Medical Billing Services
Companies in India
Conclusion Choose the Right Model for Your
Practice At Info Hub Consultancy Services (ICS),
we excel in delivering outsourced medical billing
and coding services, as well as providing
dedicated FTE staff at just 7.5 per hour. With
our expertise spanning over 40 medical
specialties and experience with leading software
like Kareo, eClinicalWorks, AthenaHealth, and
more, we ensure both models bring unmatched value
to your revenue cycle management (RCM). Still
unsure which model is right for you? Contact our
experts for a free consultation, and well help
you decide the best fit for your practice!
inquiry_at_infohubconsultancy.com
10
We at Info Hub Consultancy Services (ICS), a
leading medical billing company in India offer
medical billing solutions to healthcare
organizations, physicians, medical institutions,
and groups. Our revenue management cycle helps
in reducing operational expenses and increasing
the overall revenue. Info Hub Consultancy
Services (ICS) was founded in 2010 and is now
one of the leading service providers of highly
motivated, certified coders, and billers in the
US medical billing industry.
inquiry_at_infohubconsultancy.com
11
Info Hub Consultancy (ICS) Services Pvt. Ltd. Sf
No 558/2, Udayampalyam Rd, Nava India,
Coimbatore, Tamil Nadu 641028 Tel 1 (888)
694-8634 Email - inquiry_at_infohubconsultancy.com
inquiry_at_infohubconsultancy.com
Write a Comment
User Comments (0)
About PowerShow.com