Your growing, brand new, hustling otolaryngology practice is often wrestling with the idea of focusing more on patient care; ENT billing and coding, and looking for ways about how to flourish your practice. One of the best ways to overcome the time constraint and reduce overhead expenses is to outsource ENT medical billing services.
In a high-compliance environment, outsourcing medical billing functions seems like a loss of control for some medical practices. In reality, outsourcing claims billing with the right provider like MBC can help enhance physician control over billing processes. Outsourcing has also been shown to Outsourced Medical Billing Services increase profits, productivity, and patient satisfaction.
In-House vs. Outsource ENT Medical Billing
You might think that you save money by doing your professional medical billing in-house when the truth is that outsourcing can actually reduce costs.
When you step back and look at the big picture, doing billing in-house means hiring staff specifically to handle the billing, coding, and claims submissions or juggling staff from the front desk to the back office for this purpose.
It also means having computers, printers, and software on-site and up-to-date with the latest industry requirements and regulations. Considering the cost of an employee from recruitment to salary, benefits, and covering that person due to illnesses or vacations, and combining it with the cost for all the equipment and software needed to do the job, it really adds up quickly.
Outsourcing to pro-medical billers and coders like MBC means hiring a team of qualified, trained, and experienced professionals who have all their own equipment and software already enabled. In fact, if one of those team members is out sick, on maternity leave, or takes a vacation, you will never know it, as someone else from the medical billing services will handle your account for you seamlessly.
Outsourced workers do nothing but handle your ENT billing and coding; they are highly trained in the most complicated regulations for billing and insurance.
Boost Revenues – When you outsource ENT billing, your accounts are being handled by a team of highly trained and experienced experts who work to expedite your claims with amazing accuracy.
If you are still on the fence about outsourcing ENT billing services or hiring a third-party to assist with audits, reviews, or fast and accurate credentialing, take a look at the following list for all of the reasons provided by outsourcing medical billing and services:
Reduces Risk
When you are outsourcing medical billing services to a third-party service provider, you gain the benefit of a completely transparent billing process that is HIPAA-compliant and totally secure to safeguard the data of your patients against hacking or other types of data theft.
Industry Compliant
The healthcare industry has undergone many changes to regulations and requirements in recent years, causing many practices, clinics, and hospitals to scramble in order to stay compliant. When you outsource ENT billing to MBC you can rest easy knowing that our team is consistently trained in all of the rules, regulations, and requirements of the medical industry.
Claim Tracking
Another benefit to outsourcing billing ENT services to MBC is that the team who will be handling your accounts is trained to review and follow-up all payments to ensure that the insurance carriers are paying the bills accurately. Each and every outstanding claim is tracked until it is paid properly, working to reduce overhead and get you every penny that you deserve.
Outsource ENT Medical Billing Service for Pro Solutions
If you are thinking about outsourcing medical billing services for your medical practice or clinic, contact MBC can be the right choice for your ENT practice.
Our team can answer any questions you might have about what it means to outsource ENT billing. MBC can even assist in other ways, such as providing a comprehensive review of your current billing practices and offering viable solutions from our team of otolaryngology billing and services experts.
Call today for a FREE estimate on our services or for more information about outsourcing billing ENT services for your practice or clinic.
FAQs
1. Why should I outsource ENT medical billing?
Outsourcing your ENT billing can reduce overhead costs, improve accuracy, and free up your time to focus more on patient care.
2. How does outsourcing ENT billing increase profits?
Outsourcing allows highly trained professionals to handle your billing, speeding up claims and reducing errors, leading to faster reimbursements and higher revenues.
3. Will outsourcing my ENT billing reduce my control over the process?
No, outsourcing gives you better control over your billing with a transparent, HIPAA-compliant process, while experts manage the technical details.
4. How do outsourced billing services stay compliant with regulations?
Outsourced billing teams are constantly trained in the latest industry rules and regulations, ensuring your practice remains compliant with evolving healthcare standards.
5. What benefits does outsourcing offer for claim tracking?
Outsourcing ensures thorough tracking of all claims, with follow-ups to ensure accurate payments, reducing missed reimbursements and improving your practice’s cash flow.
