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4 Reasons To Outsource Your Medical Billing

4 Reasons To Outsource Your Medical Billing

4 Reasons To Outsource Your Medical Billing

There are many good reasons that you can be given for outsourcing your medical billing to an outside source, there are 7 main points that will make you realize how much outsourcing your medical billing can save your practice in terms of not only your bottom line, but time as well.

Reason #1 – Your staff will have more time to help run your practice.
Your practice is busy, your staff doesn’t have time to stop and look up a claim status, double check coding on the medical billing forms or look up additional coding that may be necessary to outline procedures performed. Your medical billing partner makes it their business to keep up with the fast paced coding changes and can always give you the status on any of your claims.

Reason #2 – Your rejected claims rate should fall to about 1%. If you are not outsourcing your claims you could possibly be missing about one fourth of your reimbursements due to rejected and partially paid medical billing claims.

Reason #3 – You will realize a faster turn around of your reimbursements. If you’re still submitting your own medical billing from your practice, it’s taking about 30-45 days longer for your reimbursements to be given to you. If you use a medical billing partner, you should realize about a 2 week turn around for your reimbursements.

Reason #4 – Your medical billing will be coded properly. Keeping up with the coding changes is something that your medical billing partner keeps up with. Codes can be added to and changed sometimes up to 4 times per year and if you have an outdated or incorrect code, your claim will be delayed or outright rejected.

Outsourcing your medical billing can save your practice so much money and time and give your bottom line a healthy afterglow from the faster flow of revenue, and less stress on your staff.

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