Thinking About Outsourcing Your Medical Billing?

Outsourcing has become a dirty word in many industries due to the substandard nature of the work that is produced in many niche markets. However, with a little due diligence and making a smart choice with the company that you choose to partner with for your medical billing – it can be a rewarding experience for your practice.

A medical billing partner like Outsource Management Group can not only process your medical billing, they also have practice management services that can help you keep tabs on your accounts receivable so you have a steady influx of revenue at all times. Another great feature of outsourcing is that OMG can get you credentialed. The more types of insurance you accept the more revenue your practice can benefit from.

One of the biggest selling points of outsourcing for most practices is the fact you will see turn arounds in your medical billing claims shrink from roughly thirty days to approximately fourteen days or less. And if you’re doing your own coding and medical billing claims, there is a good chance you may be missing as much as one-fourth of the revenue your practice deserves simply for not knowing the most cost beneficial way to submit and bundle medical billing claims.

A medical billing partner’s job is to make sure that the practice receives the best possible reimbursements for their medical billing as well as keeping on top of the current changes in the coding. Add in the practice management and credentialing services and how can you lose?

View all Articles by: Kathryn Etienne, CCS-P