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Does Outsourcing Hospitalist Billing Sound Expensive?

Outsourcing Hospitalist Billing Increases Revenue

By outsourcing hospitalist billing, a team of experts will manage the accounts receivables (AR). Billing experts capture denials and accurately report the EoB (explanation of benefits) information, resulting in a considerable drop in the processing time. In the case of an in-house billing system, the claims would have to wait if the biller goes on a holiday or falls sick. Outsourcing billing services take care of such situations and ensures a steady flow of claim submissions.

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Accurate and Timely Submissions

Professional billing service providers submit accurate medical bills and file claims on time. This results in an increase in the number of medical reimbursements. With expert billers, there would be minimal coding errors, which ultimately lead to reduced claims denials.

Outsourced billers keep track of the progress of denials and help streamline them and the claims appeal too. They categorize payers as per the respective time frame for denial appeals and then prioritize the appeals process. This helps in maximizing reimbursements.