Key Considerations When Outsourcing Medical Billing
When a healthcare provider is contemplating outsourcing their medical billing, there are several key considerations that should guide the decision-making process.
Cost: It's essential to compare the costs of outsourcing versus maintaining an in-house billing department. This should include not just the fees charged by the outsourcing company, but also potential savings from reduced claim denials and improved revenue flow.
Service Level Agreement: The SLA should be thoroughly reviewed. It should clearly define the services to be provided, the costs involved, and the respective responsibilities of both parties. Any ambiguities should be clarified before signing.
Reputation: The reputation of the medical billing company should be assessed. Look for companies with positive reviews and testimonials, as well as a track record of reliability and integrity.
ProMD Medical Billing has been providing expert medical billing services since 2004. Our medical billing company is composed of an array of revenue cycle management (RCM) professionals, including certified medical billers and coders with more than 20 years of professional medical billing service experience.