Debtprac CC offers a complete solution to your bad debt accounts

There are many reasons why Medical Providers outsource their medical billing to a professional medical billing and coding company. A major problem with in-house medical billing services is the human one. Management, turnover, retraining and growth. Do you have the time and money for all of that? HRM (Human Resource Management) is the most persuasive single reason why providers outsource their medical billing to a medical billing company that specialises in providing this service. HRM problems come about from two areas, employee turnover and practice growth.

Reducing Employee Turnover With Medical Billing Outsourcing:

While your practice may be lucky by having people who have stayed with you through the years, the fact remains that they will, ultimately, leave. Others are faced with an on-going turnover problem. In either event, once a medical biller leaves, you are forced to fill the position immediately or your cash-flow may be compromised. That often means employing someone with lesser medical billing experience. This can result in costly mistakes... that can cost your practice money or seriously delay you getting paid in a timely manner. The new employee is going to need training - who's going to do that? Will you spend your time doing this? Or will you pay someone else to do it? Is that a good use of your time? Even if you still have other medical billers, their use in training will take away from their time normally spent in helping to get you paid in a timely manner. Medical billing outsourcing avoids these problems all together.

Many medical practices go through high turnover periods, where staff shortage can be a problem. The human resource management cycle can be very difficult for a provider to maintain. By outsourcing your medical claims, you are covered even over your busiest periods, without having increase your staff. Medical billing outsourcing is a better solution.

 

Growing a Professional Practice
As your business grows, your revenues will grow and so will the medical billing and coding workload. However, your employee costs are fixed costs, while your billings and receivables are not fixed. So, when your business has grown to the point where the workload overtakes the current medical billing personnel, you will need to add another medical biller. That is an abrupt increase in fixed costs, because now you are - in effect - overstaffed, as the volume of the workload has not as yet caught up to your newly-expanded billing capacity.

Use medical billing outsourcing to change your medical billing expenses from a fixed cost to a variable cost and improve your ability to manage your business.

When you choose medical billing outsourcing, your costs vary directly with your medical billings. If your medical billings drop, your costs drop. If your medical billings go up, your costs do not rise disproportionately. This simple fact can make your business planning easier.

 

Advantages of outsourcing your medical claims:

• You have time to do what you do best - take care of your patients
• Reducing your employee turnover
• Growing a Professional Practice
• Increase Collections
• Make your office run more efficiently
• Cut or eliminate staff expenses - sick leave, training, vacation, etc.
• Significantly reduce your postage and telephone expenses
• Less paperwork
• Reduce rejected claims significantly - We do it right first time - every time
• Receive revenue faster
• Complete back-up of all your data
• Outsourcing improves security - No opportunity for employees to commit fraud
• Frees up office staff time, so that they can concentrate on the day-to-day running of your practice

 

Our Incentive - Your Control

When you take advantage of medical billing outsourcing, you improve your cash flow and collections and reduce the costs and headaches of employee problems. Let us show you how to keep more of the money you make. Outsourcing your medical billing services allows the money you get to grow in direct proportion to the direction your business is going.