The trend of outsourcing is also emerged in the medical and healthcare care organization. In this global world of outsourcing, not only business organization outsource their accounting and bookkeeping services, but in addition, medical care units are also delegating their billing services to the small business accounting firms.
Apart from the medical staff from upper to lower, there is always a expertize staff which deals in only billing services of their medical and healthcare organization. This practice needs a lot of expertize in knowledge of coding and proper billing procedure. It is always demanding and challenging to the staff.
Why to Outsource the Billing Services?
For the medical organization, offering the best billing is always their priority to maintain their long term operations. Doing billing accordingly to the given procedure is not always possible and even sometimes the organizations have to implement the manpower on it on higher returns. Or sometimes, there can be requirement of new man force for billing services. But sometimes, this practice can lead to distract their attention from the patients and their medication.
Outsourcing services is not a new trend in the field of business or accounting practices. Healthcare and medical centers always prefer to outsource their billing accounting services to the third party rather than focusing on recruiting the fresh manpower into the organization. These third parties are always those small business firms which provide accounting and bookkeeping outsourcing services to their clients.
So the question is why to outsource your billing services to outsourcing companies? There can be several advantages to the healthcare and medical organization for delegating their accounting of billing services, apart from saving their time and money. Some of these benefits are listed below:
- Outsourcing billing services will give you complete security to our data and transparency to your services, without any data loss and providing safeguard to hacking trails.
- The healthcare organization can make better grip on the dynamic regulations that are changing very frequently with the help of outsourcing accounting firms.
- The medical unit can make the better control over their business operations by not involving staff into billing processing, but rather enjoy the outsourcing services.
- Billing services can increased the overhead costs for any healthcare enterprise. Outsourcing can help to reduce their overhead costs and facilitate them for acceptance of claims and reimbursement within the time period guaranteed.
- Billing software act as a capital investment for any medicinal care unit. But it can be a costly investment for the company. Outsourcing can reduced their investment cost and they step forward with minimum investment.
- There will be reduction on the recruitment cost incurred by the firm on the appointing the new and trained staff for the billing processes, by facilitating outsource of billing services to the outsourcing firms.
- Outsourced firm can be more focused on the health state of their patients. This quality time will give higher returns in the future and will make their patients happy and can help them to recover fast.
- Outsource accounting firms have a trained and experienced staff which will provide their best productivity in way of results and meet all the requirements of billing services of healthcare firms.
Outsource with Accounting Outsource Hub
While thinking of outsourcing your medical billing services, you must prefer to contact to our door steps. We are very well familiar about the degree of accuracy required in billing services with following the procedures to be followed by any specific organization. Along with dealing in accounting and bookkeeping outsourcing, we also avail the clients with billing services and accounts receivables services.
We always prefer to follow up the any procedure twice, avoiding the chances of errors and ensures the best output. You will never face the fear of losing your finance and you will be never charged with any bad debts. We can even build the bridge between your medical unit and the health insurance companies or your patients.
Services We Offer In Healthcare Billing
- We make double sure about the patients details sent by you. We tally all the details from reference given along in the documents and verification is made.
- After the proper verification, we make the manual entry of demographic details of the patients.
- Billing procedure is undertaken with use the proper coding procedure under the provisions mentioned in ICD 10 and CPT.
- The charges are entered accordingly to the charged codes on the billing.
- If we have charged with the authority to involve in the process of claims submission, them the claims are filled electronically and the particular procedure is followed for making claims from clearing house.
- Charges entered on the bill are first audited by the Quality Assurance before the claiming by the payer.
- We are provided with the checks scans for every payment made, and that payment is posted into our system on daily basis and checked every day by our expertise accounting staff.
- When the claims are rejected, it sometimes difficult to managed the cash flows. Denial management is properly by taking care of the entire payment make either fully or partially.
- Accounts Receivables follow up are made by proper examination, when the claim submission is done to the insurance company.
We generate the A/R reports according to your clients’ needs. That can be:
The reports are generated separately for all the charges and payments of the billing companies, even on the daily basis.
Software we use
This question must be striking in your mind, so here lays the answer:
- Along with providing the accounting and bookkeeping outsourcing, we provide the facility of billing services to outsourced medical companies.
- We are best at providing the outsourcing facility at the very affordable prices from other outsourcing companies in the market
- We will give the surety in your data security and reliability in your output reports.
- Out team of highly qualified professionals will never disappoint you
- With the 8 years’ experience in outsourcing accounting and bookkeeping services, there will always be possibility of zero errors.
- Our outsourcing services will be the place of your single platform for all your other services also and for outsourcing medical billing services we will provide you with the a single expert in this field.
- You can take the advantage of our services at any time. We are available for you 24/7.
- We are equipped with the best and updated software used for outsourced healthcare billing services.
To conclude, we offer you with the best facilities of outsourcing the accounting services, at a affordable finances from all the other outsourcing companies prevailing in our nearby market full of competition. Meet us at Accounting Outsource Hub, at any time.
Walk in for free demo.