Oncology care cost is incrementally increasing and the payers are willing to make payment for oncology procedures. The survey conducted by National Health Expenditure Accounts (NHEA) accounted that healthcare spending has increased by 4.3 percent in 2016 reaching $ 3.3 trillion and for every American citizen $ 10,348 is spend. While around 10 percent of the amount is used by an oncology facility to provide the patient care.
At Medical Billers and Coders (MBC) we are aimed to provide quality oncology billing facility and reduce the expenditure for each billing. In our 17 years of experience and billing for more than 100 oncology facilities we have analyzed certain patterns to reduce the extra expenditure of oncology facilities.
Oncologist need to tap into deeper saving pattern areas from drugs, supplies to billing and collections. A medical billing company provides a wide range of functionalities billing, collection, management, technology, and human resource. This helps in cutting the cost by 3 to 4 percent for oncology practice. The use of sophisticated analytics to make right billing decisions and hiring the person on performance and productivity.
Though huge savings couldn’t be achieved overnight or by cutting waste for any healthcare system but they offer an opportunity of small savings with improvements.Back