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Outsource Medical Billing: Improve Profit and Reduce Expenses

by | Jan 25, 2011 | Blog, Medical Billing

By outsourcing their medical billing jobs to reliable outsourcing companies, medical practices can submit their medical bills and insurance claims on time and with greater accuracy. This minimizes the odds of claim rejections and denials and significantly improves their profit. Besides, they can also save on the costs involved in maintaining an additional workforce and infrastructure for carrying out medical billing tasks within the practice.

Customized Solutions to Improve Your Profit

Outsourcing firms that provide efficient and timely medical billing services have a team of professionals including billing specialists, medical coders, accountants and others who experts in the latest coding techniques. Using advanced billing hardware and software, they process medical bills and insurance claims with outstanding precision and within a short time. The core medical billing services offered include:

  • Patient enrolment
  • Scheduling and rescheduling
  • Insurance verification
  • Medical coding
  • Charge entry and cash posting
  • Insurance authorization
  • Billing and reconciling of accounts
  • AR follow-up and collections
  • Report maintenance

Enables Focus on Core Healthcare Activities

Apart from improving profit and reducing back office expenses, outsourcing of medical billing jobs helps medical practices to focus on their core activities and provide better care to their patients. The major benefits of outsourcing medical billing include:

  • Better quality assurance
  • Greater data security and confidentiality
  • HIPAA compliance
  • Reduction of massive paper work within the practice
  • Fast turnaround time
  • Maintenance of daily, weekly, monthly reports
  • 24-hour technical support

Competent Providers for Efficient Services

Medical clinics should take care to outsource their medical billing jobs to a competent service provider who can deliver effective solutions at reasonable charges.

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