Should Your Practice Outsource ENT Billing & Coding Services?
When looking for new ways to improve the management and execution of ENT billing and coding, you will hear a lot of absolutes. One advisor says that you should definitely outsource ENT billing to help you save time and money. Another will tell you that outsourcing billing ENT services means losing control over your accounting department, putting you at risk for fraud and other industry regulatory issues. While Otolaryngology billing and coding are different for every ENT practice or clinic, the truth is that the real answer to outsourcing can only come from you.
Don’t Let Money Be the Bottom Line
Positive or negative, whenever business decisions are made solely because of financial reasons, it usually does not end well. Those who try to convince you that outsourcing ENT billing and coding is good or bad based on finances are missing a lot more of the big picture. There are many benefits associated with outsourcing any type of professional service to a third-party provider, so long as you choose a reputable, qualified service that will represent you well. This is why there are so many polarizing comments made about physicians who outsource ENT billing – it’s like comparing apples to oranges. The quality of the service matters when it comes to Otolaryngology billing and coding, whether it is being done in-house or through an outsourced provider.
Outsourcing billing ENT services can save you both time and money. Instead of focusing on the billing end of things all the time, you and your team can put all of your energy into providing top-quality patient care and treatment services. That is a substantial benefit to overworked physicians who feel as though they don’t have enough time in the day to get everything done. Busy administrators who have their hands full keeping track of increasing denied or rejected claims due to issues with in-house ENT billing and coding can also benefit from deciding to outsource ENT billing services. At MD Pro Solutions, we don’t pressure our clients to switch medical billing systems or outsource their services. We offer a wide range of education and support services and can even provide outsourcing temporarily while your staff gets up to speed with industry requirements.
Outsourcing Costs Less Than In-House
While this might sound like an outrageous claim, it is very accurate. Think about how much it costs to operate a full Otolaryngology billing and coding team in your office. Consider employee salaries, benefits, vacation days, sick days, insurance, and training for each individual. Then think about the costs for purchasing and maintaining a workstation for each team member, including medical billing software, updates, and security programs required to maintain privacy and security for patients according to federal government standards and regulations. Outsourcing billing ENT services might even free up a significant portion of your office space that you could use for another exam room, office, or storage.
When you outsource ENT billing, you only pay for the services that are provided. You aren’t paying an hourly salary for someone to work on your ENT billing and coding work. A professional billing company provides clients with highly trained and qualified staff with specialty experience and certifications, as required for your specialty. The team already knows how to use best practices to ensure that you get paid promptly. The service only gets paid based on a percentage of the invoices that they collect, providing a clear motivation to work extra hard to get you every dollar that you are owed for your services.
Questions to Ask Yourself
Before you decide to outsource ENT billing or continue with your in-house ENT billing and coding procedures, make sure to take the time to ask yourself a few essential questions. Determine your goals for right now and in the future. Would you rather focus on patient care and services or spend a majority of your time working with billing and administrative. Are you okay with handing over your billing to an outside company, or do you feel more comfortable keeping it in-house at your practice? Would you rather pay a set amount each month to employees or appreciate variable costs based on the performance of outsourcing Otolaryngology billing and coding?
Contact our team to discuss your options. At MD Pro Solutions, we do not pressure our clients one way or the other. We provide professional solutions and opportunities to help you improve ENT billing and coding, maximize your revenue, and safeguard your practice from potential issues that could occur due to poor billing practices. Give us a call at 508-946-1665 and speak with one of our consultants about your needs for Otolaryngology billing and coding. We can answer any questions you might have about our services and offer a FREE initial consultation to get you familiar with the options we provide.