Facts and Figures
Consider the following cost reductions when outsourcing your medical billing:
- Payroll Expense
- Payroll Tax Expense
- Employee Health Insurance Expense
- Necessary Continued Education
- Postage and Electronic Claims Submission Expense
- Office Supply Expense
- Storage Expense
- Software Upgrades and Support Expense
- Time Expense
- Employee Turnover and Personnel Issues
Outsourcing is a common practice when it comes to medical billing. Here are some of the reasons doctors choose to outsource their billing:
It saves time. Medical billing is an immense task. Outsourcing to a medical billing company can take much of that burden off your shoulders. It will save you the time you need to concentrate on healing your patients.
It saves resources. Your staff may not be able to focus exclusively on billing or have the necessary expertise. A professional medical billing company will have the knowledge and experience to take care of all the medical billing issues that arise with your practice, and free your staff to concentrate on what they do best.
It reduces rejected claims. Hiring a medical billing company to focus exclusively on billing can cut down on errors and save you revenue on rejected claims.