Outsource medical billing companies were formed to provide an alternative to the current flawed system. Errors in coding can greatly delay reimbursement and unfortunately errors are likely to occur because of the intricacies of medical billing and coding. Unless you have a certified, well trained, meticulous medical billing staff, it probably takes multiple attempts to get claims approved. Playing tug of war with the insurance companies can take weeks and delay payment. It is no wonder then, that some medical practices have cash flow issues. The first thing that outsourcing your medical billing and coding would do to eliminate some of the current issues that medical professionals have, is it would streamline your staff. There wouldn 't be a need for an entire staff of medical billing and coding specialists, or a manager for that department, depending on how large your practice is. When you calculate the costs of salaries, benefits, claim processing software, and the expense of payroll taxes among other things, you can see how outsourcing would …show more content…
A lot of medical practices often don 't have the funds needed to hire medical billers with experience or pay for training and continuing education. The result is often errors and denied claims. Online medical billing companies, on the other hand, focus solely on processing claims. Therefore they have the resources to hire the best medical billing and coding specialists. Online electronic claims processing companies can also afford to hire plenty of billers to handle their business, whereas sometimes smaller practices struggle to hire a team big enough to handle the job. Medical billing companies ensure that their employees take classes and workshops to stay up to date in an ever changing industry. When you outsource your medical billing you 'll notice that you will save money and reduce denied