Is Hiring A Medical Billing Service Provider A Cost-Effective Choice?
For every medical practice, its success relies heavily on accurate medical billing and collection. This is so because the cash inflow is essential to cover all the operation costs and other medical expenses. Here are more reasons why hiring a third-party service provider is a cost-effective option:
Medical billing is tedious and requires expertise and involves heavy paperwork.
The billing code can become too complicated and encoding it requires expertise.
You don’t need to set up workstations, training costs and costs of equipment upgrades.
Medical billing coders guarantee accurate insurance claims to keep cash flowing in.
Doctors can focus more on their practice and patients.
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.