Benefits of Outsourcing Medical Billing

When your practice manages several different patients, you have to pay careful attention to detail and documentation to properly process claims and handle transactions like insurance payments. Doing so without missing anything can be challenging, which is why many companies choose outsourced medical billing. If you’re looking to reduce medical billing costs using this method, you can trust Orion Healthcare Technology for our experience in the field, which allows us to offer quality service and proven solutions.

Before you make any decisions, it’s critical to understand the benefits of outsourcing medical billing. Just a few of the many advantages you’ll gain include:

• Greater control: With outsourced medical billing, your organization can focus on what matters, only reviewing billing reports when necessary. We’ll handle all of the entry errors, reimbursement issues and daily tasks for you, so you can focus on the broader decisions and improve your control over the rest of your business. You and your coworkers spent countless years in school learning to treat patients — focus on what you do best!

• Broad knowledge: A medical billing service not only staffs highly trained employees but also has excellent analytical capabilities. Outsourced medical billing companies can provide invaluable data that can help identify bottlenecks in your business. They can also bring a unique knowledge set to your business: a broad view of the industry as a whole. Outsourced medical billing companies can see trends in the industry long before other segments and can advise you to make changes at a faster pace so you stay on top of the competition.

• Continuity: While in-house billing can be interrupted due to employee absences and staff changes, outsourced medical billing ensures that you get the same service every day. You don’t want your practice to be at risk for interruptions in revenue, and with an outsourced medical billing service, you’ll enjoy access to an entire team with the sole purpose of making sure claims get processed entirely accurately and within a quick timeline. You’ll be able to rely on your cash flow no matter what happens with your in-house staff.

• Faster payments: Getting the money you’re due to the practice as soon as possible can affect the productivity of your office. When you outsource your medical billing, claims will be filed without error, and you’ll receive payments faster. Outsourced professionals know exactly how to prevent mistakes in payment posting, which means denials will be detected early, reworked and resubmitted to make sure you still get paid promptly.

• Easy audits: Audits are a stressful obligation for most practices since they require huge amounts of time and labor that take away from the business’ performance and patient care. Billing services, however, make audits easier than ever, handling all the documentation for you and ensuring it goes as smoothly as possible.

• Lower overall stress and employee turnover: Your employees are likely to feel more at ease when they know the practice is getting paid and they have less paperwork to stress over. In addition, when you choose an outsourced billing service, they’ll charge only a small percentage of what they collect and make sure you lose less on erroneous claims. At the end of the day, your whole team will stress less over the paperwork, focus on more important skills and see more money flowing into the practice.
  

Choose Orion Healthcare Technology
If you’re ready to reap these benefits along with several others, contact us right away or give us a call at 800.324.7966 to learn more about our outsourced medical billing services or get a free consultation and estimate. We look forward to helping!