WHY OUTSOURCING?
Outsourcing the medical billing function enables physicians to focus on the critical care of their patients.
With ever-changing insurance rules and HIPAA regulations, healthcare reimbursement and processing medical claims are too complex to maintain in-house. By outsourcing the medical billing process, medical professionals can then concentrate fully on what they went to school for and what makes them money: treating patients and practicing medicine because when medical billing falls behind, payment are being held-up.
While in-house billing provides the perception of control, it actually increases the risks of losing business-critical knowledge, raises concerns about data security, impedes accuracy in claims processing, and ultimately limits billing transparency.
Reduce and Control Operating Costs
The single most important tactical reason for outsourcing the medical billing function is to reduce and control operating costs.
Improve Cash Flow & Promptness of Billing
Eliminate cash flow interruptions that occur when in-house medical biller leaves or goes on vacation. Developing a steady cash flow will only enhance the practice’s bottom line.
Free Resources for Other Purposes
Redirect the medical practice’s resources from non-core activities towards activities that have a greater return in providing medical services to patients. By outsourcing a non-core function such as medical billing, your staff’s energy is free to focus on greater value-adding activities for the practice.
Improve Core Business Focus
By devoting too much attention to areas that do not contribute to the bottom line, medical practices can dilute precious resources and decrease flexibility and agility. Outsourcing the billing function to Tech-Med Billing Service, physicians are able to concentrate on practicing medicine instead of the varied support functions required to run a successful practice.
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Tech-Med Billing Service |