Medical billing is imperative for medical providers who would like to claim funds that insurance companies owe them for the services that they’ve provided to their patients. In the past, medical billing was typically kept in-house. However, in recent years, many medical facilities have made the wise decision to outsource medical billing for a variety of reasons. Let’s dive deeper into the benefits of medical billing outsourcing so that you can understand how it can revolutionize your practice.
More Emphasis on Patient Care
One of the greatest benefits of medical billing outsourcing is the fact that it allows medical professionals to place more emphasis on patient care. Rather than focusing on medical billing, they can spend more time with each patient and provide them with a higher quality of care.
Reduced Labor Cost
Maintaining an in-house medical billing department can be very expensive. The average salary of an experienced medical billing professional is approximately $35,000 a year plus health insurance, dental insurance, life insurance, unemployment insurance, and 401k. In addition, medical billers require costly supplies and equipment to adequately complete their job. By outsourcing medical billing, you can significantly reduce your labor cost.
Companies who provide medical billing services are known for their accuracy. When you opt for medical billing outsourcing, you can expect less errors and reduce the amount of denied or rejected claims your medical organization has to deal with.
Compliance with Medical Billing Practices
It can be difficult to keep up with the rapidly changing medical billing regulations. Something that was acceptable in the past may be changed by a regulation tomorrow. If you outsource medical billing, you won’t have to worry about staying up to date on medical billing practices and can still ensure that your practice is compliant.
Increased Cash Flow
When you keep your medical billing in-house, you won’t be able to process claims as quickly as you’d like. That’s why, outsourcing medical billing can provide you with a continuous, steady cash flow of claims that are coming in and going out. When this happens, you’ll get paid faster and improve the success of your medical practice.
Contact Applied Medical Systems Today
If you’re wondering whether medical billing outsourcing makes sense for your particular practice, we encourage you to contact Applied Medical Systems (AMS) today at (919) 477-5152 or via our online contact form. We are confident that our medical billing services will make a positive difference in your medical organization.