Why Outsource Medical Billing – Why Outsource Medical Billing – HBMA – Healthcare Billing and Management Association for 1st and 3rd Party Billers – Medical Billing, Practice Management
If you click the link above the reason for outsourcing your medical billing is clearly evident. The question should be why not outsource your medical billing. Here are some cold hard facts why medical providers should outsource their medical billing and not use the old method of doing business in house.
Most medical providers are losing thousands and will lose thousands of MORE dollars this year than in previous years because their in-house billing staff isn’t effectively appealing and following up on claims?
That’s because claim denials increased by 5% from 2011 to 2012 according to the AMA’s National Health Insurer Report Card
. If your billing staff isn’t handling appeals and follow-ups the way they should, those denials are costing medical providers thousands.
This is just one of several reasons why it’s time to evaluate whether their in-house billing staff still meets the needs of their practice. If medical providers are experiencing any of these issues, it’s imperative for them to evaluate their current situation:
- Poor collection performance, including lack of successful appeals process
- Errors in medical billing/coding resulting in increased denials and audits
- Failure to respond to inquiries/issues in a timely manner
- Lack of EMR and latest billing software, reducing efficiency
- Inability to prepare for ICD-10
Practices handling their medical billing internally may have been right for their practice once, but their practice—and current billing demands—may have outgrown their home-grown team. If so, they need to look for a medical billing service that offers the capabilities, technology and pricing their practice needs now.
That’s why you should consider Triple E Medical Solutions. With over 12 years of combined management experience and multiple locations around the US, we are proud to deliver excellent results for our physician partners through a relentless focus on efficiency, technology, training and measurement of metrics.
Contact us today and let us provide you with a FREE NO OBLIGATION practice analysis that will let us understand your pain in depth and provide you with the solutions you need to boost your revenue and get to your bottom line. Triple E Medical Solutions is the right choice for The Evolving Efficient Experts in Healthcare.