Why Should You Outsource Your Medical Billing Needs?
Medical billing is a complicated and tedious task that can be a big burden to many medical offices. This is the reason why many of them opt to hire trained medical billers to handle medical billing and practice management services. Here are reasons why you should consider this as well:
It reduces labor cost – Maintaining a medical billing department can be very costly. The rule of thumb is that for every 2 doctors in a practice, an office should have 1.5 workers. Outsourcing your medical billing to a reputable company, can save you 30% - 40% of your annual cost.
It lets you focus on patient care – Physicians cannot be efficient at their job, if they are always stressed about the finances of their practice. This is a specific advantage to small practices because a doctor can focus on providing excellent care to their patients, while a medical billing team handles all of their physician billing and practice management services.
It lets you reduce billing errors and turn-around time – When there are errors in your billing methods, it can take months to receive payment. However, when you send out clean claims, those claims will get paid within weeks.
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.