Advantages of Outsourcing Medical Billing and Coding
- At least 30% of AR reduction can be expected
- Increase in repayments by at least 30%
- Better cash flow with effective handling of Coding and Billing to get paid in 2 weeks.
- Claims are pre-approved for installment – the rejection rates under 3%
- HIPAA and OIG consistent
- Target 100% Collection – Review of EOB and prompt follow-up on unpaid cases and requests
- Reduce Management time for Doctors
- Work by the staff during the same office hours as of Doctor
- Expertise in Coding with Certified Coders
- Experienced and seasoned staff in RCM including Coding, Billing AR functions.
- Fewer staff issues because less staff is required in Doctor’s office
- No support staff needed for support of equipment/programming/specialized issues or managing reinforcements
- 100% of cases are submitted electronically consistently which quickens income
- Reduce handling cost by up to 60%
- Elimination of patient calls for Billing issues
- Elimination of missed charges through day by day reconciling plan
- Negotiation of better rates with Insurance Companies for the benefit of Doctors and Analysis of insurance agencies admissible sums
- Full time proficient attention regarding the Billing processes and procedures
- Increased understanding and fulfillment of patient handling for prompt and correct invoices. Greater patient satisfaction.
- Reduces trouble in staff so it improves patient consideration
- No forthright expenses to begin
- No hidden costs
- No backlogs
