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Outsourcing your Billing/Coding

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Thread Topic: Why Outsource?
Topic Originator: Tonya Stone
Post Date September 18, 2009 @ 2:37 PM
Why Outsource?

Tonya Stone
September 18, 2009 @ 2:37 PM Reply  |  Email Friend   |  |Print  |  Top

Outsourcing saves time.  It allows physicians to take their focus off the billing and insurance stress and focus on the patient.  It also saves resources.  Some small offices cannot afford a large staff team, therefore, the burden of billing is often on one or two staff members who, in some instances do not possess the skills needed to successfully manage billing and all other responsibilities.  By outsourcing, it allows the staff to focus on only their day to day responsibilities.  It reduces rejected claims.  A billing company's sole goal is to maximize revenue for their clients, therefore, that is there main function.  Staff in offices do not always have the time to collect outstanding balances, therefore, patient billing gets behind and A/R stacks.  It provides better turn around time.  Because a billing service has time to follow up with the insurance companies, this ensures that the insurance companies are receiving the claims timely and there are no gaps in payments.  Finally, it provides better financial reporting.  By outsourcing to a billing company, it is their responsibility to produce weekly/monthly/annual reports and documentation that will keep you up to date with your finances.

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September 7, 2013 @ 8:07 AM Reply  |  Email Friend   |  |Print  |  Top

Data entry outsourcing used to provide data entry services and it should be in standard view to avoid rejections and denials, which in turn results in the reimbursement delays also. The data entry service is a much gainful process in several ways as it increases the beat of your business activities too.

October 23, 2013 @ 3:27 AM Reply  |  Email Friend   |  |Print  |  Top

it saves money and overhead you can focus more on your core business

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