As a healthcare provider, you will no doubt understand how frustrating and time-consuming medical billing can be. From negotiating disputes between patients and their insurance company to struggling to increase your reimbursement rates, medical billing takes your time and energy away from helping patients. Fortunately, there is another option. Consider just some of the many benefits of outsourcing your medical billing to a third-party company.

More Time to Spend with Patients

As an owner or manager of a medical practice, your time is incredibly valuable. By outsourcing your medical billing process, you will no longer have to sacrifice your time communicating with insurance companies and organizing billing; instead, you can focus your time on improving your practice or spending more dedicated time with patients. If you already have an in-house member of the staff who is tasked with medical billing, you can redirect their time to more productive tasks, such as developing digital marketing strategies for your practice and researching industry developments.

Increase Your Profitability

While a sole member of a staff or a small team may be able to send out statements to patients fairly regularly, a dedicated medical billing company will be able to work much more efficiently and quickly as that is their specialist area of knowledge. The faster bills and statements are sent to patients and claims are made, the faster money will be coming into your practice.

Improve Your Efficiency

A billing company is able to compile data and statistics about your medical practice in a regularly updated performance report. This will provide you with an objective report that compares where your practice is successful in achieving a high reimbursement rate and what services/areas of your medical practice need improving. This will not only keep you updated on your own performance but also the performance of the billing company.

Advanced Reimbursement Solutions is the medical billing company you can trust to handle all of your medical practices billing needs. We have offices located in Phoenix and Wilmington and are at the ready to assist you. Contact us today to book an initial appointment and learn more information about our process. We look forward to hearing from you!

Have you considered outsourcing your medical billing tasks to a dedicated service provider? Billing operations can be quite demanding, not to mention expensive, to operate in-house. What’s more, you’re always required to keep up with the constantly changing regulations in medical billing or risk non-compliance.

The good news is that it’s now possible to outsource your entire medical billing process to a highly specialized company. Let’s take a look at some ways outsourcing can benefit your practice.

Increased Patient Satisfaction

It’s never easy to juggle the demands of patient care with time-consuming administrative tasks such as billing. If you manage a medical practice, you may well be aware that in order to serve patients better, you must dedicate enough time and attention to each patient.

It makes a lot of sense, therefore, to outsource your billing and effectively reduce the burden on both yourself and your staff, so you’re free to focus on what you all do best – patient care. When every member of the staff is focused on taking care of patients’ needs, patient satisfaction is bound to improve. With happier patients and a happier staff, you have a happier business to run.

Faster Reimbursements

A steady cash flow is vital to the survival of every business. If you’d like to reduce the amount of time it takes to collect payments for each medical claim, then you may want to outsource to a medical billing specialist. Since the billing company submits each claim quickly, with minimal or no errors, you can be sure of receiving payments from payers in much shorter timeframes.

Increased Revenue

Partnering with a professional billing company can increase your practice’s revenue. The company will work hard to eliminate common inefficiencies, submit every claim in a timely manner, and follow up on each claim to ensure faster reimbursements. This level of efficiency, combined with the reduction in overheads – since you don’t need billing staff – ultimately results in considerable increases in revenue for your practice.

Ensuring Billing Compliance

Medical billing companies have a thorough understanding of billing processes, and they’re always up-to-date with the latest industry rules and regulations. This is essential to ensuring that your practice is always compliant with the most current billing regulation. So, what does this mean for you and your staff? No billing laws to worry about and more time to provide quality care to patients.

Outsourcing your medical billing process to Advanced Reimbursement Solutions can help your practice improve patient satisfaction, increase revenue and ultimately thrive. Contact us today at our Wilmington or Phoenix location for more information about our comprehensive medical billing management solutions.