Increasing number of denials is putting the physicians in a dilemma over outsourcing the medical billing process or retaining the in house staff, drilling in with better resources and improving the practice themselves. This, although an option may not seem to be feasible for every practice. It is a known fact that healthcare changes are giving rise to payers being stringent with the claims they receive. Ways to revive a practice from the downfall caused by the persistent denials and revenue losses, is stressing the physicians to a great extent causing burnout. At the end of the day, physicians want to focus on their core practice and tend to patients being able to give them maximum time. There are a number of physicians who are hesitant in outsourcing the billing process, dreading losing control over their accounts or over privacy concerns.
Although medical billing and coding outsourcing may seem and sound 'unsafe', it is a proven cost effective option for all those practices that have been experiencing a downfall of their finances.
The most important thing though is to choose a billing service that best suits the needs of your practice in order to get the best results. Taking into consideration the various specialties you cater to and the set-up of your practice can help you choose a billing service closest to your requirements. All in all, outsourcing has more benefits than drawbacks and it has proven helpful to most of the physicians in US who have seen the difference for themselves.Back