The Benefits of Outsourcing Medical Billing Services in 2021
There are many reasons why physicians and practice managers choose to outsource medical billing services for their busy practices and clinics. Unfortunately, many physicians have a misunderstanding as to what it means to outsource these services. While some might think that choosing to outsource Ortho, ENT, or Plastic Surgery coding and billing services is relinquishing control over their accounts receivable department, the truth is that it puts you in a position of power. Some of the benefits of outsourcing medical billing include the ability to free up more time to spend with patients, create a more efficient and frustration-free work environment for staff, and even increase medical practice revenue. Once you understand how medical billing for ENT practices, Plastic Surgery centers, and Orthopedic clinics works, you might change your mind about outsourcing your medical billing services.
How Does It Work?
When you outsource medical billing services with MD Pro Solutions, our team of highly trained and experienced certified coders and insurance provider experts work on your behalf to not just submit claims in a timely manner but to ensure you are getting the most revenue out of each invoice. In over 95 percent of the clients we have served, our team has been able to increase medical practice revenue. Missed opportunities, improper coding, and other mistakes can result in your practice losing thousands of dollars per provider each year. Outsourced medical billing for ENT practices and other specialties means working with a team of billing experts who focus only on submitting claims and working on collections for their clients. No more worries about sick days, vacations, and other staffing issues – our team works non-stop to ensure that we don’t just get the job done but that we get the job done right.
Because we specialize in the specific areas of coding, billing, education, revenue cycle, and other essential services for Orthopedic, Otolaryngology, and Plastic Surgery clients, we understand the benefit of having highly trained and experienced coders working on your behalf. We strive to create a custom outsourced solution for each client based on their unique needs and requirements. We can also offer consulting services for practice management, education, and training for staff, as well as ongoing support for those who prefer to keep billing and coding in-house. We go above and beyond to ensure that our clients are working to maximize their efforts to improve collections, overcome staffing issues, decrease overhead costs, and streamline the entire office from appointment-setting to final payment. Our team will work with you to create a solution that includes all of the reporting, benchmark-setting, and services you require to reap all the benefits of outsourcing medical billing.
Advantages of Outsourcing Medical Billing
Once a custom solution has been established for your practice or clinic, MD Pro Solutions can get to work processing claims to increase medical practice revenue. Our services to outsource medical billing services can be used to overcome common issues experienced by busy practices. Our team of experts can help you to reduce billing errors and protect your business from potential fraud. Outsourcing also works to save money and is a fixed cost, significantly reducing overhead compared to hiring and maintaining a full staff for billing and coding in-house. When you consider how much it costs to recruit, hire, pay, support, and house staff to perform in-house billing services, it makes a lot of sense to outsource billing to save money and reduce monthly overhead staffing costs.
In our experience, clients who choose to outsource medical billing services also see improvements in patient satisfaction and better compliance with industry regulations and requirements. Outsourcing can help your practice to achieve collection goals and improve reporting and benchmarking across the board. Overall, the experience of outsourcing can increase medical practice revenue and reduce the amount of work required by your HR department, practice administrator, and other in-house management personnel. Outsourcing eliminates the costs associated with training and retraining of billing staff, frees up much-needed space in the office, and can even be structured to include a high level of audit oversight due to the separation of duties. Outsourcing makes running your Ortho, ENT, or Plastic Surgery business simple and helps you maintain a consistency of message and brand.
If you would like to learn more about our services at MD Pro Solutions to outsource medical billing services or would like to inquire about training programs explicitly designed to improve medical billing for ENT practices, Ortho clinics, and Plastic Surgery centers, call our team today. We can answer any questions you might have about the benefits of outsourcing medical billing or schedule a FREE initial evaluation to help get things started. Call us toll-free at 1-800-853-8110 to speak with one of our friendly and helpful team members.