Why Should You Outsource Medical Billing Services?
Are you on the fence about outsourcing medical billing services for your practice? The following reasons below might convince you to do it.
Lowering costs – Training billing staff to become proficient requires time, money, and resources. Staff vacations, illnesses, medical and family leave, etc. can be disruptive. Service, training, support, maintenance, and upgrade fees also must be considered. When you let another company handle your revenue cycle you can reduce your billing cost, helping you improve your bottom line.
Increase revenue collected – Outsourcing medical billing can lead to reversing revenue leakage and maximizing the revenue for our clients. Their services and systems are designed to get you paid faster, prevent rejections, track claims efficiently, and follow-up on unpaid claims and patient balances.
It reduces turnaround time – You can keep the revenue cycle time reduced. The faster you get paid, the higher the profit is. This impacts the cash flow positively.
ProMD Practice Management was founded in 2004 by a team of physicians and health services administration professionals who had directed the expansion of South Florida Perinatal Medicine into one of the foremost maternal fetal medical practices in the state.