Till the recent past most urgent care billing centers were handling their billing in-house. This ‘old-fashioned’ way of doing things has made way to a more cost-effective and efficient way of billing.
This ‘new’ way involves outsourcing work to a medical billing company. These companies specialize in handling billing and financial processes of medical facilities.
The company offering the outsourcing services takes upon itself the hassle of dealing with the billing process and revenue cycle management (RCM). It uses a third-party software application to process all the bills as well as to file and follow up on the status of medical insurance claims.
So, how does outsourcing really help your urgent care facility? For one it helps streamline and ease the process of revenue collection which in turn betters the overall revenue generation along with enhancing the operations and reducing administrative overload. This leaves your staff with enough quality time to manage other operations at the urgent care center.
Medical billing outsourcing is being increasingly adopted by the medical and healthcare industry. This step has not only enhanced the in-house workflow in urgent care centers but has also eased and bettered the overall experience for the patients.
Figures reveal that by 2026 the global medical billing outsourcing market is set to grow at a CAGR of around 11%. Going by this data it is quite clear that it is better to outsource your medical billing than to manage it in-house.
Here are 3 reasons why medical billing outsourcing scores over in-house billing and also the reason why it makes sense to hire services of an urgent care medical billing company in Miami.
Medical billing outsourcing is less expensive as compared to in-house medical billing. This is especially true for urgent care centers that are new to the business and still trying to create a space in the healthcare industry. Outsourcing their billing services is far more cost-effective than hiring employees to handle the work. They are saved from the hassle of investing in technology, paying salaries, and providing employee benefits to their staff.
2. Enhances Employee Productivity
By opting to outsource your medical billing you help your employees to better their quality of work and increase productivity. The work of medical billing does not just involve extensive paperwork. It includes monitoring the entire billing process, rectifying billing and insurance errors, reviewing fees, checking up on the status of medical insurance claims, and ensuring reimbursements are happening on time and at the appropriate rate.
When you decide to outsource all these services to an urgent care medical billing company you unburden your staff of the stress of medical billing and coding. This leaves them more time and energy to focus on providing quality medical care to their patients.
3. Maintains Consistency In Services
Since, it is the responsibility of the outsource company to handle your entire medical billing process, you continue to receive year-round support consistently. This would not be possible if you had to handle an in-house team of billing experts.
Your outsourcer is contractually obliged to provide certain services to you without fail. This ensures you continue to receive consistent billing services and solutions without having to worry about staffing.
Your decision to outsource the medical billing operations of your urgent care center will depend on factors such as, the size and age of your business, the financial practices you follow, and the size of the local job market. Along with these you will need to consider the benefits of outsourcing and whether they outweigh the benefits of in-house billing operations before you determine what’s right for your urgent care business and your employees.
Make GMB Your Trusted Partner
We at GMB understand how challenging it is to handle high patient volumes and at the same time provide exceptional patient services with compassionate care. That is why we present solutions that take care of your worries about slow payment and delayed claims and instead let you focus on your work.
You and GMB together can become trusted partners in urgent care medical billing in Miami. To know how, talk to a GMB urgent care billing specialist today: 786-725-2120; 655-469-1422
Gables Medical Billing has adapted to the ever-changing medical billing environment, modifying and adding to its services to proactively meet the needs of its clients.