The medical billing process can be a difficult element of any medical practice. The decision to outsource is important, but it doesn’t have to be difficult to make. In reality, it makes perfect sense to outsource the medical billing process for a number of reasons.
Although plenty of practices still bill in-house, to run the process smoothly and efficiently takes skills specific to the field. Outsourcing this process to a company like Advanced Reimbursement Solutions (ARS) ensures the dedication of a skilled team focused on the increased profitability of the client company.
When medical providers bill in-house, as is the case in many establishments nationwide, they put extra pressure on the staff. As mentioned, the medical billing process should be handled by professionals. When the staff is overwhelmed with patient records and check-ins, it can become difficult for them to focus entirely on billing. And since it concerns the profitability of the practice, it’s an element that deserves focus.
More Control to the Provider
Contrary to popular belief, outsourcing the billing process gives more control than it takes. Putting it in the hands of professionals frees up time and money to be invested back into the practice, all working toward a better experience for the patient.
Red Tape and Regulations
Outsourcing means the provider doesn’t have to keep up with ever-expanding, ever-changing regulations. Regulations can be the most stressful aspect of medical billing. For a medical provider, billing in-house puts unnecessary stress on the owner, as well as the staff. Without the burden of staying up-to-date with every regulation and strip of red tape, medical providers can invest more time and money in other key areas of the practice.
Increased Cash Flow
The main focus is improving the bottom line. When the billing process is outsourced, not only do providers make more money, but they can get paid faster as well. Advanced Reimbursement Solutions uses a state-of-the-art claims program that handles the claims process every step of the way, from billing to redeterminations to recoupment.
Outsourcing the medical billing process relieves the staff of the burden of having to maintain these types of records. In many cases, the staff handling the billing process is simply not equipped with the knowledge or skills necessary. Considering the importance of profit and the bottom line in general, this process should not be left to chance. Providers deserve to be paid, and Advanced Reimbursement Solutions can help. Contact us in Wilmington or Phoenix today to get started!