Outsourcing Vs. In-house Medical Billing
Will outsourcing urgent care billing services to a medical billing company really help your urgent care facility? Or, is it better to handle all the billing work in-house?
If your urgent care facility too is looking for answers to these questions, it means this is the right time to ask these questions. Companies that specialize in handling billing and financial processes can help your urgent care practice too.
These companies use third-party software applications to sort and process all the bills generated by urgent care centers. They also file and follow up on the status of medical insurance claims with the help of the same software application.
Outsourcing your medical billing work will help you streamline and ease the process of revenue collection in your practice. It will also better the overall revenue generation as well as enhance the operations and reduce administrative overload. This will not only allow your staff more quality time to work on other important operations at the urgent care center, but will also reduce your overall running costs.
It is due to these advantages that medical billing outsourcing is being increasingly adopted by the medical and healthcare industry. Apart from enhancing the in-house workflow, outsourcing has also eased and bettered the overall experience for patients visiting the urgent care facility.
Statistics reveal that by 2026 the global medical billing outsourcing market will grow at a CAGR of around 11%. So, why not seize this opportunity and outsource your urgent care billing services.
Let’s look at 3 main reasons why outsourcing scores over in-house billing.
- Increases Revenue
When you have in-house resources taking care of your billing services you have to bear the costs of running that team. This is an even bigger challenge for new and small urgent care centers that are still trying to make their mark and create a space in the healthcare industry.
Outsourcing makes managing your billing cost-effective and saves you from managing a team of paid professionals. You do not have to invest in technology, paying salaries, and providing employee benefits to your in-house team.
Hired employees work for you at a minimal cost and your in-house team can now work at other tasks that are directly connected to raising your revenue. An efficiently run urgent care center translates into a more satisfying experience for your patients. They keep returning for your quality services.
- Increases Employee Productivity
Medical billing work not only involves extensive paperwork but also includes many other tasks and sub-tasks. Some of these duties of your team include monitoring the entire billing process, reviewing fees, rectifying billing and insurance errors, checking the status of medical insurance claims, as well as ensuring that reimbursements are taking place on time and at the appropriate rate.
When you outsource your billing services to an urgent care medical billing company you allow your billing staff to be involved in more important revenue-generating tasks than be burdened by the stress of billing and coding. This allows your team to focus their valuable time and energy on more profitable duties as well as providing quality urgent care services to patients.
- Maintains Consistency in Billing Work
The moment you outsource your billing services to an urgent care billing company, it then becomes their responsibility to handle the entire medical billing process of your company. The burden of providing superior quality and consistent work now rests on that company. To top it you continue receiving year-round support, which would have been impossible had you continued working with your in-house team.
Also, the urgent care billing company is contractually obliged as per the agreement between you and them to provide certain high-quality services to your facility without fail. You are saved from worrying about staffing and other related activities. While it is true that your decision to outsource your medical billing operations will depend on a variety of factors, but the benefits of outsourcing far outweigh those of having an in-house billing team to take care of.
GMB Can Be Your Trusted Partner
It is quite a challenge managing an urgent care medical center, especially with high patient volumes and providing prompt medical attention. To add medical billing services to all this becomes quite a burden on the staff and can sometimes also affect patient services.
This is where GMB can help. We present billing solutions that take care of your everyday billing worries, such as slow payment and delayed claims, and instead let your team focus on significant work. We can become your trusted partner and assist you in urgent care billing services in Florida. For more details about our billing services you can call 786-725-2120, 655-469-1422 to talk to our GMB urgent care billing specialists today.
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