Katmere Medical Billing Solutions

When you outsource your billing, it allows you and your employees to focus on what really matters, which is providing patients with exceptional patient care. Outsourcing can improve the efficiency of the billing process, we have dedicated resources to handle the workload, resulting in quicker turnaround times and fewer errors. This can help providers improve their cash flow and reduce the burden on their internal staff.  Here are 7 reasons you should consider outsourcing. 

1.  Allows Medical Personnel To Focus On Patient Care:

Medical professionals may focus on patient care by outsourcing filling out claims and interacting with payers, knowing that experts handle their billing and other revenue cycle management (RCM) chores. Spend more time focusing on providing high-quality care. This is particularly beneficial for smaller practitioners who cannot hire in-house medical staff. 

2.  Medical Billing Outsourcing Reduces Labor Costs and Billing Errors:

When billing is done in-house, the facility/practice bears the costs of hiring, onboarding, and training the billing employees in addition to their salaries and benefits. The costs reoccur whenever there is a turnover.

Medical billers with experience and expertise can ensure that your claims are submitted appropriately and on time. The medical billing company’s main objective is to provide medical billing services. Their job is to ensure that the billers they hire receive extensive training and know-how to submit medical claims correctly. This will not only reduce the number of claims denied or rejected owing to billing problems, but it will also give information to help maximize reimbursements on future claims.

3. Lowers Logistical Costs:

Billing staff also need office space, computers, and software, which are eliminated when billing is outsourced. Medical billing services operate independent of medical practices, in their own offices, with billers who are their employees.Medical billing service companies operate independently in their offices. They hire billers as their employees to complete the assigned work.

4. Keeps Patient's Data Safe:

Outsourcing medical billing ensures that patient data is transmitted in the safest possible manner because it contains so much private information, such as addresses, family tree (mother’s maiden name, etc., medical history, and so on, the information transferred back and forth between the provider/billing business and the payers is highly personal and incredibly valuable on the market.

Hackers are continually devising new ways to steal this information, so digital security firms must update software defenses ahead of the game. Medical billing services employ the most up-to-date (and constantly updated) software to protect patient information while it is communicated to payers.

Medical billing companies that are HIPAA compliant ensure the data’s security while exchanging information between the provider/billing businesses.

5. Increases Practitioners Revenue:

Despite being a valuable service, outsource medical billing raises income for their clients. Medical practices lose a significant amount of money each year due to denied claims. Outsourcing medical billing companies prevent that revenue leakage and allow a continuous flow of claims going out and cash coming in. A constant cash flow is important for your bottom line and the success of the medical office.

6. Speeds Up The Revenue Cycle:

Effective medical billing services have a system in place for swiftly filing claims. They can be reimbursed faster if they are filed as soon as possible.

Outsourcing medical billing increases revenue for their clients. Medical practices lose a significant amount of money each year due to denied claims. An efficient EHR system and expert medical billing services decrease errors that lead to decreased rejected claims and keep unpaid claims in the system until they are paid. Medical billing agencies normally work on a small percentage of your income, reducing the risk to the practice.

7. Maintains Billing Accuracy By Adhering to the Most Recent Rules and Regulations:

Because medical billing companies rely on innovative software to accomplish their jobs, small clinics or independent laboratories may not purchase that software. Medical Billing software uses its electronic health record software to make the entire process faster and more efficient. This ensures that the codes utilized are up to date and that new payer rules are considered.

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There are so many benefits to outsourcing your medical billing. If you haven’t outsourced your medical billing yet, it’s time to consider outsourcing. Katmere Medical Billing Solutions is here for you when you are ready. Reach out today for a free consultation.