Busy practices are always looking for ways to reduce the day-to-day workload for their staff so they can focus on providing quality patient care services. One proven method to streamline your office, and get control over your daily output, is to outsource medical billing for ENT practices. Professional Otolaryngology billing services can help you in many ways, such as saving time and money while protecting your business. How can outsourcing medical billing services do all that? Take a look at this top list of benefits to find out if outsourcing is right for you.
Outsourcing Saves Time
It takes a lot of effort to keep up with coding and billing to make sure that claims are submitted properly and promptly to insurance companies. Your staff will need to keep up with training to make sure they are coding your bills properly for compliance. The recent ICD-10 changes threw many practices, clinics, and hospitals off course, delaying payments and resulting in rejected or denied claims. The healthcare industry is always changing and evolving. The transition experienced with the ICD-10 changes is not an isolated incident. More changes will continue to come, and your billing department needs to spend precious time to ensure that they are providing medical billing for ENT practices according to industry regulations and requirements.
Outsourcing Saves Money
While you might think that it costs more to outsource Otolaryngology billing services to a professional provider, the truth is that it can actually cost less. When you think of how much it costs to recruit and retain qualified staff, establish a workstation and keep up with hardware and software updates, and pay the salaries, insurance, workers compensation, sick time, vacation time, and other benefits for each billing department member, it becomes overwhelming. No matter how many bills get processed and regardless of the number of payments that come in, you are still paying the same amount every month for your billing department staff. However, when you are outsourcing medical billing services, you only pay based on what is received. This helps to improve cash flow, increase revenue, reduce payroll taxes and overhead, while also freeing up much-needed space in the office.
Outsourcing Maintains Compliance
Another benefit of outsourcing your medical billing for ENT practices is that it helps you to stay in compliance. Professional billing services help to reduce billing errors and prevent fraud. Because everything is being handled in a timely manner, it also helps to make sure that your medical practice collection goals are aligned with the mission of the billing company. At the end of the day, these services can also eliminate the need to train, retrain, and monitor staff to make sure that they are properly coding your invoices and submitting them to the insurance companies in the right way. Outsourcing services maintain strong working relationships with providers to make sure that they are handling your invoices as effectively and efficiently as possible for rapid payments.
Outsourcing Creates Happier Patients
You might wonder how outsourcing medical billing services could make your patients happier, but it does in two distinctly different ways. First, it provides you with more time to spend delivering quality patient care instead of focusing on billing and collections. Second, it makes sure that invoices are going to insurance companies right away to ensure that the services your patients are receiving are being paid for properly. This reduces confusion, concerns, and problems for the patient as well when they see that everything is being taken care of in a professional manner, and they aren’t getting bills sent to them by mistake.
Ready to Get Started?
The best way to find out if outsourcing Otolaryngology billing services is right for you and your practice is to get our FREE billing review. We can assess your current billing department situation and determine whether or not changes need to be made to ensure your compliance. We can identify areas that need help, offering services and solutions designed to specifically meet your needs. Whether your team requires education and support for ICD-10 changes or if you are ready to try outsourcing medical billing services, contact MD Pro Solutions by calling toll-free 1-800-853-8110.