Common Misconceptions about Outsourcing Medical Billing and Collection
Although there are already numerous medical practitioners and facility that embraced third-party medical billing services, there are still some that remain skeptical. This is basically because of the following reasons:
Some practitioners thought they will no longer be in control of their income since a third-party is handling them. Bear in mind that a reputable medical billing company works in the best interest of their clients.
Some practitioners thought that they put confidential and restricted data at risk when working with a third-party, which is definitely not true. A good medical billing company makes sure that all information and data is safe and secure. You also don’t lose control over them since you will be receiving reports, and you will be updated with the status of the operations.
Some practitioners thought that medical billing services are expensive. Although you may have to spend a significant amount of money upfront, you will surely get back what you paid for in no time. Compared to hiring a full staff to work on your billing and collection, hiring a third-party provider is definitely way cheaper.
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.