To outsource or not to outsource? That is the question that a lot of medical practitioners face when it comes to their billing. After doing billing in-house for years, some practices may find shifting to outsourced medical billing services as more of a risk, as it turns majority of the control on collections over to the billing services provider. But outsourcing can be extremely beneficial, if it is done within the right circumstances.
So when is the best time to outsource your billing service? Below are some of the scenarios where outsourcing has proven to be the better alternative:
When staff turnover is high. It takes time and effort to train billing staff. If staff turnover is high, that means more time and effort is spent on training and less on claims processing and collections. Also, new staff are almost always going to slow down billing operations since they’re still learning the ropes and are often more prone to committing errors. If this is the case with your practice, then it would definitely be better to outsource billing operations.
When you can no longer focus on your practice. Medical practitioners should primarily focus on t
reating patients, not on the clerical side of the business. If it’s the latter that’s taking up more of your time and energy, then it’s definitely time to outsource.
If you realize once and for all that you do need to outsource your billing, make sure you choose a reliable and experienced company such as Park Medical Billing.
At Park Medical Billing, we combine state of the art technology with experienced and trusted personnel to ensure that your billing process goes as smoothly as possible. We invest time and resources in the initial claims process to avoid costly denials and delays while achieving maximum results.
Make billing simple, easy and efficient for your practice. Get in touch with Park Medical Billing today by calling 1-201-585-7306.