Why use a medical billing company?
There are a multitude of reasons clinics choose to hire a billing company, instead of hiring an employee.
Some of the biggest reasons we hear are:
Continuity. If your billing is handled in house , there is a possibility of turnover. Hiring a billing company ensures your billing schedule stays regular and assures there are no large gaps in billing while you find and train a replacement.
Expertise. You don't have to worry about training a new hire to fulfil a billing role. You can have peace of mind knowing your billing is in experienced hands.
Additionally, a medical billing company has the experience to guide you in best billing practices, avoiding billing mistakes and pitfalls that can possibly cost your clinic it's insurance contracts or large fines.
Cost. This one is surprising, isn't it? The cost of hiring a billing company can be daunting, but can also be offset by not having to pay: a salary, payroll taxes, health insurance, sick time, unemployment taxes, payroll expenses or PTO.
Time. Your time is valuable. Hiring a billing company frees you from: waiting on hold with insurance companies, signing up for and learning insurance portals, staying current on billing requirements, and navigating denials.