Now more than ever, there’s a need to find medical billing outsourcing. In such a fluctuating environment, it is paramount to optimize management and increase efficiency. Furthermore, it’s a matter of survival and longevity. Recent and ongoing medical billing updates make in-house management downright difficult. But with a trusted partner, your business can embrace a relationship and support necessary to succeed. APEX is a leading provider of outsourced medical billing. And, what’s more, works with a personal touch.
Do I Outsource Medical Billing or Do I Manage It In-House?
It’s perfectly natural to keep as many operations under one roof. But at the end of the day, it’s not really feasible. With advances in technology and ever-changing rules and regulations, it’s vital to have the best of the best at your disposal. And, it’s well-known in the medical care industry, a doctor’s office is only as good as its back office staff. These individuals manage billing and coding.
“Entrepreneurs have long seen outsourcing as a strategy reserved for big business, but technology has made it a more accessible tool for small businesses–and for some small firms, outsourcing has made a powerful impact on their growth, productivity and bottom lines.” ~ Entrepreneur.com
Unfortunately, medical billing is a very demanding and challenging. This is particularly true for practices who do not have the luxury of taking on a full-time staff. Or, those practices who nearly solely rely on part-time employees. In the end, it’s too much work and eventually, it becomes necessary to look into outsourced medical billing.
5 Benefits of Outsourcing to APEX Medical Billing Service
The truth of the matter is, outsourcing medical billing comes with many tangible benefits. Not only does it take the burden off your practice, it also gives you access to experienced and dedicated professionals who only have your business’ best interest at heart. After all, if they do not do their job properly, it hurts them, just as it does your business. Here are some of the biggest advantages of outsourcing medical billing:
1.) Decrease Cost
The average practice spends between 30 to 40 percent of its collections on the medical billing process. Outsourcing greatly reduces labor costs because it puts the onus on a third-party to stay up-to-date with the latest regulations.
2.) More Time with Patients
Let’s face it, there’s too much unnecessary paperwork and other pre-occupations which take time away from time with patients. Enlisting the help of an experienced medical billing service gives you the ability to spend more time with your patients.
3.) Increased Control
A big misconception about outsourcing billing is that it is essentially relinquishing control. But, in fact, it’s the opposite. By outsourcing medical billing to trained and dedicated professionals, you receive peace-of-mind (not to mention, increased bill collections).
4.) Get Paid Faster
When there’s a dedicated staff taking care of your practice’s billing, you’ll not only experience higher levels of bill pays, but also, faster collections. That’s a win-win scenario for your business.
5.) Ensure Billing Compliance
Of course, compliance is always a concern. Give your staff the relief from that burden and see morale and team participation improve. An outsourced medical billing service takes compliance seriously because it’s paramount to their operations
If you want your practice to run more smoothly and increase accounts receivables, it’s time to contact or call APEX at (602) 483-4327 to form a relationship that helps your business succeed to its fullest potential.