Outsourcing billing services may be a helpful option for surgery centers and physician groups who want to focus on patient issues rather than being financially-centric, according to Med City News.
Outsourced medical billing can be more cost effective by not requiring physicians to hire staff members solely dedicated to billing procedures. Most third party billing companies only charge up to 3 percent of the claims.
Outsourcing can help practices focus on "core responsibilities" of care without getting bogged down by billing and collections. It can also alleviate stress from a practice and ensure accurate billing and optimal financial health.
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Outsourced medical billing can be more cost effective by not requiring physicians to hire staff members solely dedicated to billing procedures. Most third party billing companies only charge up to 3 percent of the claims.
Outsourcing can help practices focus on "core responsibilities" of care without getting bogged down by billing and collections. It can also alleviate stress from a practice and ensure accurate billing and optimal financial health.
More Articles on Billing, Coding and Collections:
Medicare RACs Recoup Record-High $657M in Third Quarter
Study: Medicare Has Overpaid Private Insurers $283B Since 1985
Nav Ranajee, Angela Carmichael Named Pyramid Healthcare Solutions Executives