Benefits of Outsourcing Medical Billing
1. Faster paymentsWith Nationwide Real-Time Billing you bypass the human gate-keepers. Claims turnaround in 7-21 days versus the national average of 270 days for Medicare and over 50 days for commercial claims. 2. Less work Many doctors spend as much as two hours per day working on insurance claims. The money lost by not seeing patients can be far greater than the entire cost of an outside service. 3. Greater income Clients report an increase in claims acceptance by 20% to 30%. Increased efficiency leads to greater income. Client also report an increase in the amount paid per claim. 4. Lower costs A recent survey in Medical Group Management Journal reported the average cost of internal billing departments was 11% of a practice’s income. Outsourcing your billing can reduce that significantly. 5. More productive office space Utilizing a billing center can often free up office space that can be converted into income-producing examining or testing areas. Outsource your billing and your office just got bigger. 6. Easier compliance With Nationwide Real-Time Billing compliance is built-in. Risk is significantly reduced. Audits become easier. You can enjoy the peace of mind that comes from knowing you are HIPPA-compliant. 7. Additional benefits of our web-based system |
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