Have you ever thought about outsourcing your medical billing and coding to a professional third-party service? You might be surprised to learn that many physicians, practice managers, and administrators have chosen to take this route and outsource ENT billing with a reputable company like MD Pro Solutions. Our team of highly trained and experienced medical billing and coding technicians have only one job to do: process your claims and ensure that payments to you are expedited and provided in full. Many practices have staff members who multi-task, taking care of patient services in addition to processing claims, resulting in delayed payments. There are many benefits associated with hiring a professional medical billing service, all of which can help you to reduce overhead, improve patient care, and ensure that you get every penny you deserve for the services you provide.
Outsourcing is Cheaper
While it might seem more costly to outsource ENT billing, when you add up the amount of money invested in hiring, paying, and outfitting an in-house billing team with the technology and workspace necessary to get the job done, it can be quite expensive. Studies show that the typical cost-savings achieved when outsourcing medical billing services can be quite significant. One such study conducted just a few years ago revealed more than $100,000 in savings each year. This can be highly advantageous for new practices, small practices, and busy practices that might be considering increasing staff for in-house medical billing and coding just to keep up with demand. Consider professional medical billing instead to enjoy all of these savings and other advantages, too.
Consistent, Dependable & Reliable Service
One of the primary reasons why in-house medical billing and coding does not work out is because the work of processing and submitting claims often takes a lower priority than providing patient care. Many in-house programs combine their billing staff’s duties with other patient services, including scheduling appointments, working reception, contacting patients, past-due collections, and other administrative tasks. Other practices may have medical care staff or even the physician themselves handling billing, coding, and collections work, taking away valuable time that could be spent working directly with patients for treatment and care. Professional medical billing services do nothing but focus on submitting claims. They are up-to-date on the latest industry requirements and provider demands to streamline the process and keep a steady and consistent stream of income making its way into your practice.
Not only will you get more consistent service when you outsource ENT billing, but you will also get better results. Third-party billing companies only get paid based on the work that is completed. In other words, we only get paid when you get paid. The in-house staff earns a regular hourly wage or monthly salary regardless of how many claims they process and collections they receive. They are not motivated to increase the number of claims processed in a single day or week, nor are they as concerned with follow-up work to ensure that all bills get paid in a timely manner. When you make the decision about outsourcing medical billing services and work with a company like MD Pro Solutions, you can rest easy knowing that we are focused on making sure that your claims are submitted accurately and on time. We work to eliminate common causes of payment delays, including claims rejections, denials, and returns, to ensure you receive payments regularly.
Were your practice ever to be audited, when you outsource medical billing and coding to a third-party source, you have protection against common issues that many billing departments have with accountability. We provide monthly reports, which can be customized based upon your needs or ordered on demand to ensure that you have all the data you require at your fingertips. This will help you to answer any questions, provide support for any issues, and show that you have done due diligence to ensure that your claims were processed accurately and professionally to insurance providers and third-party payers. We can even offer a daily accounting of cash received so you can make sure that the receipts match up with the collected funds in your office.
So Many Reasons to Outsource ENT Billing
We have only just begun with our short list here on the case for outsourcing medical billing services. If you would like to learn more about the services we offer for medical billing and coding, including outsourcing, education, training for in-house staff, and ongoing online support, give us a call toll-free at 1-800-853-8110. Please take a look at our online service information with a list of 12 reasons why you should outsource ENT billing for even more reasons to switch. Call today and speak with one of our team members about your professional medical billing needs or schedule a FREE Billing Review to determine which of our services would benefit you the most.