3 Reasons A Small Medical Office Should Hire An Outside Billing Company
Posted on: 9 April 2018
If you only have a small medical office, you may feel as though you need to keep more tasks in-house to keep costs down. For example, you may hire a person part-time to clean for you, rather than having an ongoing contract with a professional cleaning service. You might have one of your office staff members do the IT work rather than hiring an IT company. This strategy may work well for some tasks, but when it comes to medical billing, you really are better off hiring an outside billing company -- even though you only have a small office. Here is why.
1. The company will keep up with changes
As you probably know, changes in medical billing and how certain procedures are coded happen regularly. If you just have one of your staff members work on billing, they may not have enough time to keep up with these changes and also handle their basic job. On the other hand, if you hire an outside billing company, the company will put time and effort into keeping up with changes, so you know your billing is always done in an up-to-date manner.
2. The company will usually pay for the necessary software
The licenses for medical billing software alone can run you thousands of dollars a year! When you do your own billing in-house, you have to pay for these licenses. But if you hire an outside company, they will usually hold a license for the software and just charge you a small fee for the use of the software. This helps keep your cost down and helps make hiring a billing company a more affordable option.
3. Someone will always be there to do the billing
If you just have one person in your office who handles the billing, what happens when that person is sick? Billing is not something you can let go for more than a few days, and as a small office, you cannot afford to hire an entire team of billing workers. With an outside company, there will always be someone there to take care of your billing. If the worker who usually takes care of your account is absent, the billing company will make sure another one of their employers takes care of your case.
Get in touch with hospital revenue cycle management services in your area to learn more about the services they offer to small medical offices.
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