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Common Misconceptions

about Medical Billing Outsourcing

+1 888-502-0537 www.247medicalbillingservices.com


Common Misconceptions about Medical Billing Outsourcing With medical billing changing so fast, it has become difficult for an independent practice or even a single hospital to profitably manage the task in-house. Since there is an overwhelming number of tasks that medical practice managers have to contend with, outsourcing of clinical and administrative functions seems like an attractive option to many.

Farming

out

functions

like

medical

billing

allows

practice

staff

and

providers to focus on what they do best while a dedicated team handles their revenue cycle needs. But there are some practitioners who don’t think that outsourcing decisions are a net gain for their practice. Here are some of the misconceptions due to which they fail to reap the benefits of outsourcing: 24/7 Medical Billing Services, Phone : +1 888-502-0537, www.247medicalbillingservices.com

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Providers feel that if they hire a billing company, they won’t remain in control of their revenue cycle. This misconception is quite common because practitioners fear being at the mercy of the billing company for timely payments. However, this is far from the truth because partnering with a reliable company puts providers in control of their revenue

cycle.

The

company

works

in

the

best interest

of

the

practice. 

Another common misconception is that outsourcing is expensive. When compared to managing an in-house team of experienced billers and coders, hiring a billing company is affordable for many practices. As a matter of fact, outsourcing has helped many practice save money. Maintaining revenue can become a challenge if the in-house team lacks skilled staff. By letting a reliable third party handle this task, providers can be assured of less coding errors and reduced chances of claims denials, which ultimately leads to more revenue.

Providers believe that if they hire a medical billing company, they will have limited or restricted access to reports and data. But this is not true

because

every

reputed

billing

company

shares

reports

with

practices on a routine basis. Transparency is maintained and providers are informed everything related to their revenue cycle through detailed reports

and

updates

on

payment

statuses.

Since

reputed

billing

24/7 Medical Billing Services, Phone : +1 888-502-0537, www.247medicalbillingservices.com

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companies share information with practices through a secure encrypted online system, no HIPAA policies are violated. Irrespective

of

the

option

any

practice

chooses, it is

necessary

to

understand that revenue cycle management isn’t just the billing company’s responsibility. Providers need to manage third-party billing service with the same diligence they would with in-house billing team. They also need to ensure effective communication between their front-desk, physicians and the billing team.

If you have any Questions, Please ask me. Our Expert will reply within few mins.

Contact Us 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958, USA Phone - +1 888-502-0537 Email - info@247medicalbillingservices.com

24/7 Medical Billing Services, Phone : +1 888-502-0537, www.247medicalbillingservices.com

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Common misconceptions about medical billing outsourcing  

With medical billing changing so fast, it has become difficult for an independent practice or even a single hospital to profitably manage th...

Common misconceptions about medical billing outsourcing  

With medical billing changing so fast, it has become difficult for an independent practice or even a single hospital to profitably manage th...

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