Revenue Cycle Management
Save Overhead Costs
By Outsourcing Your Medical Billing
Outsourcing medical billing saves your staff hours that can be dedicated to other needs. Just one mistake can turn into a delayed payment and be a costly expense. A knowledgeable biller can optimize revenue performance for the practice by eliminating errors.
The Problem
In-house employees are often the top contributors to the organization’s success. But, regardless of talent, skill, or capability, these individuals often lack the time and availability to keep up with the ever-changing tides of the healthcare industry, especially when it comes to the particulars of medical billing.
The Solution
For you to keep up with the demands and achieve success, a responsible plan for financial health must be prioritized. By outsourcing medical billing, our experience has proven our practices not only net higher income but also leverage internal personnel to focus on what matters most – patient outcomes!
Hire In-House
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$40,000 Annual Wage
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$2,000 Paid Leave
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$1,000 Bonus Incentives
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$4,200 Insurance
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$1,200 Retirement Plan
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$2,500 Training/Ceus
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$3,000 Equipment/Software
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$1,200 Consumables
VS
Outsource
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Estimated fee structure of 5-7% of collected revenue $600,000 @ 6%
WHEN OUTSOURCING, WHO'S
RESPONSIBLE FOR CODING?
The medical coder and medical biller may be the same person or may work with each other to ensure invoices are paid properly. The main responsibility of a medical coder is to review clinical statements and assign standard codes using CPT®, ICD-10-CM, and HCPCS Level II classification systems.