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WHY OUTSOURCE?

Outsourcing billing services is a major trend within the healthcare industry.
Why?
In a word, EFFICIENCY!
Factors influencing this trend
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Increased compliance regulation for coding and
billing
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Increased complexity in billing third party payors, HMO's, PPO's, etc.
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Shortage of qualified
personnel
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Complexity and cost of in-house practice management systems.
Outsourcing offers 5 major advantages
- Increased expertise from a company specializing in a particular activity.
- Improved Reimbursement.
- Elimination of administrative burden for physicians.
- Reduces costs of operation as well as indirect costs.
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Increased cash flow offsets incremental cost of outside billing service.
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Last Updated
12/27/06
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