Why should you outsource your billing to a billing service?
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In-house billing traditionally has large losses if not done expertly, it requires a lot of continuing education to stay current, and truly expert in-house billers are very expensive. Outsourced billing staff, at the right company, stays abreast of changes in the industry, and is at least a step ahead of in-house staff, and usually more.
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In-house billing staff takes up valuable space that can be used for administration or patient care.
- Billing employee turnover becomes a thing of the past. High turnover in most in-house billing departments is inevitable, and expensive. By outsourcing, you no longer have to worry abour hiring and firing, salaries, benefits, billing software and clearinghouse costs, paper supplies, postage, the printing of and revisions to letterhead, the expense and hassle of claims forms and more.
- With the billing outsourced, the number of incoming phone calls drops dramatically, freeing up your administrative staff to keep operations running smoothly.
- Outsourcing to a billing service that is paid a percentage (or its equivalent) turns the fixed cost of in-house billing into a variable one, that rises and falls with your revenue, making it far more affordable in both lean and flush months.
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There are a lot of additional expenses involved with in-house billing.
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By outsourcing, you will experience far fewer outdated coding errors.
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By outsourcing, you will have no more stressed billing staff.
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By outsourcing, you will have no fewer claim rejections.
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By outsourcing, you will have far less lost revenue.
