Thursday, November 16, 2006
Making The Switch To Outsourcing Your Medical Billing
Your practice may have started out just yourself and one person in your office to answer phones, greet patients and assist you in your day-to-day office procedures. Between all of those duties there was also time to handle your medical billing.
As your practice grew, you realized this person was stretched just about as thinly as a person could be and so you made the decision to add another fresh face to your office to free up more time for your assistant to handle your medical billing.
As your practice continued to grow, you saw that your assistant was again overwhelmed and your medical billing was getting filed in a less and less timely manner. But when the choice is to service a patient standing in front of them at the desk or fill out paperwork, which are they going to choose?
You are again faced with the dilemma to either bring on another person and pay more salary, benefits, unemployment, and state and federal taxes or you can consider outsourcing your medical billing.
If you've been hesitant about outsourcing your medical billing because you aren't sure it would actually help your practice, this first fact about medical billing should make your ears perk up: Medical Billing claims filed electronically by a professional agency see reimbursement on the average within 2-weeks. If you are still filing your own claims, you are typically waiting up to 30-days for your reimbursements. Getting your claims paid by the carriers sooner will help your practice realize a greater cash flow and additionally, a medical billing company is trained to get you maximum reimbursement on your medical billing claims and if you are denied payment, it's their job to find out why, correct the situation and get your medical billing claim paid. This is something your staff may not have the training or time to do.
Outsourcing your medical billing can jumpstart your practice in the terms of better cash flow and a greater amount of reimbursements paid, look into outsourcing your medical billing today.
As your practice grew, you realized this person was stretched just about as thinly as a person could be and so you made the decision to add another fresh face to your office to free up more time for your assistant to handle your medical billing.
As your practice continued to grow, you saw that your assistant was again overwhelmed and your medical billing was getting filed in a less and less timely manner. But when the choice is to service a patient standing in front of them at the desk or fill out paperwork, which are they going to choose?
You are again faced with the dilemma to either bring on another person and pay more salary, benefits, unemployment, and state and federal taxes or you can consider outsourcing your medical billing.
If you've been hesitant about outsourcing your medical billing because you aren't sure it would actually help your practice, this first fact about medical billing should make your ears perk up: Medical Billing claims filed electronically by a professional agency see reimbursement on the average within 2-weeks. If you are still filing your own claims, you are typically waiting up to 30-days for your reimbursements. Getting your claims paid by the carriers sooner will help your practice realize a greater cash flow and additionally, a medical billing company is trained to get you maximum reimbursement on your medical billing claims and if you are denied payment, it's their job to find out why, correct the situation and get your medical billing claim paid. This is something your staff may not have the training or time to do.
Outsourcing your medical billing can jumpstart your practice in the terms of better cash flow and a greater amount of reimbursements paid, look into outsourcing your medical billing today.
# posted by Medical Information : 3:31 AM
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