Consider the Benefits of Outsourcing |
INCREASE INCOME AND IMPROVE CASH FLOW
- Submit claims without errors for quick payment.
- Reduce rejection rate with precise electronic filing.
- Capture all appropriate charges - certified coders on staff.
- Reduce audit risks with compliant billing.
- Eliminate lost income because of under-pricing or under-coding.
- Investigate outstanding receivables.
- Analyze CPT codes.
- Review fee schedules.
- Provide useful management reports to negotiate with payers and malpractice carriers.
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DECREASE EXPENSES
- Eliminate billing software upgrade costs and yearly maintenance agreements.
- Affordable fees - fixed percentage of reimbursements.
- Reduce expenses for supplies such as paper, postage, printer supplies, forms, and envelopes.
- Reduce employee costs such as benefits, taxes, retirement plans, salaries, recruitment, training, and absenteeism.
- Eliminate clearinghouse fees and patient statement costs.
- Reduce paper and electronic storage expenses.
- Decrease accounting fees with detailed reports.
- Reduce expenses for office space, furniture and equipment.
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MAXIMIZE EFFICIENCY AND SECURITY
- Relieve current staff of billing hassles.
- Ease stress and increase moral of over-burdened employees.
- Allow time for staff to verify insurance benefits which will result in faster payments because of accurate information.
- Improve staff efficiency - allow more time to follow-up with lost patients.
- Decrease day-to-day aggravations with software issues.
- Increase security - independent set of eyes to watch over practice finances.
- Decrease fraud with checks and balances.
- Increase peace of mind knowing billing practices meet federal and state regulations.
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