Professional medical billing is the cornerstone of any successful practice or clinic. The value of quality medical billing services and staff cannot be underestimated. New, small or private practices, as well as growing and expanding practices, can all benefit greatly by hiring a healthcare consultant like MD Pro Solutions. Our goal is to provide each client with an individual approach to making marked improvements designed to save money and reduce overhead costs. For some practices, hiring a complete on-site billing department does not make sense. Employee focus should be on providing patient care, scheduling appointments, and ensuring that the office runs smoothly. Outsourcing billing ENT services is an excellent solution for a busy practice, delivering quality claims processing and collections without adding extra duties or stress to your team.
In-House vs. Outsourcing
You might think that you save money by doing your professional medical billing in-house when the truth is that outsourcing can actually reduce costs. When you step back and look at the big picture, doing billing in-house means hiring staff specifically to handle the billing, coding, and claims submissions or juggling staff from the front desk to the back office for this purpose. It also means having computers, printers, and software on-site and up-to-date with the latest industry requirements and regulations. Considering the cost of an employee from recruitment to salary, benefits, and covering that person due to illnesses or vacations, and combining it with the cost for all the equipment and software needed to do the job, it really adds up quick.
Outsourcing means hiring a team of qualified, trained, and experienced professionals who have all their own equipment and software already enabled. In fact, if one of those team members is out sick, on maternity leave, or takes a vacation, you will never know it, as someone else from the medical billing services will handle your account for you seamlessly. Outsourced workers do nothing but handle your ENT billing and coding; they are highly trained in the most complicated regulations for billing and insurance. If you aren’t fully convinced to at least work with a healthcare consultant at MD Pro Solutions to make a move to outsourcing billing and ENT services, here are some more reasons to consider.
Outsourcing Costs Less
It has been proven that outsourcing your medical billing services costs less than taking care of billings and collections in-house. In addition to employee costs, benefits, computers, software, and dealing with absences, you will also need to find space for a billing department at your office, taking away valuable real estate that could be used for patient care. Office furniture, in the way of desks, chairs, cubicles, and even office supplies, will also be needed to facilitate in-house billing at your office. For brand new practices, this can be a huge cost initially. For existing practices, the ongoing cost associated with all of these expenses can chip away at your profit margin, hindering your financial success. Most outsourcing solutions are only paid based on the money that they bring in, further increasing their incentive to produce results for the clients that they serve.
More Time for Patients
How much time do you spend each week thinking about, talking about, or dealing with billing services at our Ear Nose and Throat practice? Our healthcare consultant will provide you with a comprehensive evaluation of your existing services and can offer solutions that will help you save both time and money. Having your medical billing services in-house can add extra stress beyond the burden of overhead costs. Moving your services out of the office to a professional medical billing team means more time for you and your staff to focus on providing quality patient care. No more worrying about whether or not the billing portion can get done on-time and if the claims being submitted are accurate. Now all of your attention can be placed on serving your patients and providing them with the best quality care available.
Not only will you save money by outsourcing billing ENT services, but you will also increase revenue through improved collections. The professional medical billing and insurance industries have tight regulations that are changed on a regular basis. This can make it difficult for in-house teams to stay abreast of all the new requirements that need to be adhered to in order to get claims paid in a timely manner. When you outsource your medical billing services, that team does nothing but deal with ENT billing and coding, so they are on top of all the latest changes through ongoing training. Our team is highly experienced in billing and coding procedures, accounts and receivables services, procedural and diagnostic coding, and have a very high acceptance rate for claims submissions, virtually eliminating rejected and denied claims to increase cash flow.
Contact MD Pro Solutions by calling 508-946-1665. Our team can answer any questions that you might have about outsourcing billing ENT services. It all starts with a FREE evaluation by a professional healthcare consultant. Our goal is to help you streamline your efforts to make your ENT practice or clinic more effective, efficient, and profitable. Call today to learn more about our medical billing services.