Save Overhead Costs
Save Overhead Costs
Outsourcing medical billing saves your staff hours that can be dedicated to other needs. Just one mistake can turn into a delayed payment and be a costly expense. A knowledgeable biller can optimize revenue performance for the practice by eliminating errors.
In-house employees are often the top contributors to the organization’s success. But, regardless of talent, skill, or capability, these individuals often lack the time and
availability to keep up with the ever-changing tides of the healthcare industry, especially when it comes to the particulars of medical billing.
For you to keep up with the demands and achieve success, a responsible plan for financial health must be prioritized. By outsourcing medical billing, our experience has proven our practices not only net higher income but also leverage internal personnel to focus on what matters most – patient outcomes!
Cost To Hire In-House Total
Annual Wage
Paid Leave
Bonus/Incentives
Insurance
Retirement Plan
Training/Ceus
Equipment/Software
Consumables
$36,000
Estimated fee structure of 5-7% of collected revenue $600,000 @ 6%
Why You Might Outsource
Medical billing is a high-volume job that requires full attention. Outsourcing medical billing saves your staff hours that can be dedicated to other needs. Just one mistake can turn into a delayed payment and be a costly expense. A knowledgeable biller can optimize revenue performance for the practice by eliminating errors. Maintaining an in-house biller also comes with a lot of hidden expenses that can be significantly reduced or eliminated with outsourcing.
The medical coder and medical biller may be the same person or may work with each other to ensure invoices are paid properly. The main responsibility of a medical coder is to review clinical statements and assign standard codes using CPT®, ICD-10-CM, and HCPCS Level II classification systems.
you will get paid faster from the insurance companies and see a reduction in the number of rejected claims. The solutions we offer are all 100% HIPAA-compliant—the data is secured and stored on redundant servers with daily off-site backups. All of our systems include all medical codes (ICD and CPT), and an unlimited number of users, insurance companies, patients and claims. The best thing is there are MULTIPLE solutions as no one solution fits all.
