1. Outsourced Medical Billing – Saves
Valuable Time and Money
In-house medical billing system is expensive and rather time consuming. It
calls for hiring and training new staff and maintaining them. To retain staff,
you will have to pay attractive benefits and allowances. Moreover, all
processes have to be monitored closely if your office is to function perfectly.
Other problems related to in-house medical billing system include manual
data entry mistakes, errors in coding, missed
charges, delay in claim submissions and
rejected claims. In such an instance, you
could consider outsourcing your medical
billing process to a reliable medical billing
company. This will help you avoid billing
related infrastructure and manpower costs,
save time and improve your revenue.
Improve the Functioning of Your Healthcare
Facility
With quality medical billing outsourcing, healthcare practitioners can
improve the way in which their healthcare facility functions and enjoy
considerable cost savings. Medical billing services are available for all
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2. medical specialties including dentistry, nuclear medicine, cardiology,
radiology, dermatology, pediatrics, occupational therapy, pain management,
chiropractic, general surgery, family practice, oral and maxillofacial surgery,
and more.
The medical billing process includes:
• Patient Enrollment
• Insurance Enrollment
• Insurance Eligibility Verification
• Payment Posting
• Denial Analysis
• Scheduling and rescheduling
• Accounts Receivable Management
• Charge Entry
• Submission of Claims
• Accounts receivable follow-up
• Report maintenance
Outsourced Medical Billing – Benefits
Ensured
Outsourced medical billing helps you save your valuable time and money
by:
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3. • Allowing professionals to focus on their core business activities and
provide quality healthcare. This enables the healthcare professionals to
fully utilize their time and maximize their productivity resulting in
better income.
• Eliminating billing errors
• Helping to save money spent on:
o Employee benefits
o Salaries
o Medical office space
o Health insurance
o Paid vacation time and office equipment
o Resources needed to hire professionals
o Payroll taxes
o Office infrastructure
o Training new team to enable them to work as per client’s requirements
o Cost of technology used for medical billing
o Equipment and software, including acquisition, upgrades, depreciation, and
maintenance
• No HR costs: No need to advertise jobs, or interview candidates
• Reduces the time your staff spends on processing claims
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4. Look for a Reliable Provider
From this, it is clear that outsourcing medical billing services can really
help the physicians save time and money beyond just minimizing the
hassles. Medical billing outsourcing is a viable option for those who find in-
house billing difficult and have suffered revenue loss on account of billing
errors.
So, if you are looking to improve the effectiveness of your medical billing
practice with accurate and timely medical billing services, consider hiring a
proficient and reliable medical billing company having a proven track record
and many satisfied clients.
For More Information:
OutSource Strategies International
United States Main Office
8596 E. 101st Street, Suite H
Tulsa, OK 74133
Phone 800-670-2809
http://www.outsourcestrategies.com
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