Medical billing is one of the most challenging areas facing healthcare providers and private practices. Everything is constantly changing depending on the payer and how fast the patient pays you their potion. This makes medical billing a costly and time-consuming effort just to keep up with everything.
The best approach is to use a medical billing company. We are medical billing experts that specialize in these areas. Our knowledge and experience make your organization more flexible to any changes in billing practices. Here are the top three benefits of outsourcing your medical billing in Florida.
You Save Money
It is no secret that outsourcing all of your medical billing to third-party specialists will lower your costs. On average, most healthcare organizations will spend 40% of their monthly budget on in-house medical billing. Outsourcing lowers your costs by 95% and you pay one low monthly rate. You never have to worry about buying any equipment or going through extensive training. We handle everything so you can get back to practicing medicine.
Reduced Errors
One of the biggest factors that are increasing costs is errors. Many times these are small things like not getting the name or address correctly. These issues can be fixed by having effective practices in place that check all of your medical bills before anything is sent out.
We use artificial intelligence and have a quality control specialist that looks over everything before submitting it. Our process lowers your errors dramatically and you are paid your fees faster. This improves profitability and it eliminates an area that was hurting your cash flow.
Customization
We customize our medical billing practices and procedures for you. This means that you don’t have to learn anything new. You work with a transition team that makes the process of switching your medical billing over to us easy. We will have everything completed within 48 hours and send you customized reports with the most important data points.
You can see in real-time what is happening and know those areas where improvements are necessary. Our team works with you to address these issues so everything goes smoothly.
You have more time to work with patients and can stay current on everything using our user- friendly spreadsheets.
Your patients will see you as a professional that knows their business and has their act together. This leads to more referrals as you become the go-to doctor for your areas of specialization. This increases your profitability and leads to better-operating results that will have a positive impact on your organization.
Putting It All Together
These are the top three benefits of outsourcing your medical billing in Florida. Contact us today and let our team of dedicated professionals explain how we can help to improve your medical billing practices. We have the knowledge and experience you need to get the job done right.
Our team handles everything so you can focus on working with your patients and offering the best solutions. This is one of the biggest reasons why you are practicing medicine. Outsourcing your medical billing is the solution that makes this possible.
FAQs
What percentage of in-house medical bills contains errors?
Three out of every four bills will contain at least one error. Our medical billing in Florida uses the latest practices to screen for errors and eliminate them.
How much will outsourcing lower my costs?
Outsourcing your medical billing will lower your costs by 95%. You can use this savings to expand the services you deliver.
