Medical Practice Solutions provides resources and information for the physicians and practices it manages.
Why Should Doctors Outsource Billing?
According to an article by Dave Jakielo for Healthcare Business Management Association most physicians are working harder than ever and taking home less due to declining reimbursement and the high cost of collection on a claim. Following is an excerpt from his article posted on HBMA.org:
Given the complexity of today’s revenue cycles processes, it takes the specialized skill of medical billing professionals to ensure your practices’ economic success and compliance with the many government regulations. Billing is no longer something someone does to fill in the time between scheduling and rooming patients. The question every doctor should ask themselves is “Why should I have the additional burden of running an internal billing operations?” There are two things that a provider should keep in mind. First, do what you do best (practice medicine) and outsource the rest. Second, never do anything that you can have someone else do more efficiently and at a lower cost.