Medical billing is without doubt at the core of practices of all sizes. From a solo provider small practice to a larger multi-specialty group practice, every institution expects payment for any services that they provide. Lengthy delays in collections and unwarranted denials have often upset physicians across the nation, resulting in most providers reconsidering the option of having an internal medical billing department. Consequently, given the inefficiencies and added cost of running an in-house billing department, most physicians have now started to outsource their entire revenue cycle operations to third party billing companies.

"Rejected claims and claim denials have been an annoyingly persistent problem to handle for a while now. Despite the constant efforts of my staff and myself, there have been no improvements so far. After this disappointing experience, I decided to turn to outsourcing my billing to a specialist company. This decision turn out to be a great one, as I noticed an immediate increase in revenue while I was getting paid a lot faster.", exclaims a satisfied New York based provider.

According to most modern day physicians, it is too costly to maintain an in-house billing department. There is a dramatic affect on the financials of the practice while it significantly increases the amount of hassle for the clinician by taking a lot more of their time. This can also have a negative impact on the quality of care provided at the practice. Hiring and retaining efficient workforce to manage the billing is a separate challenge altogether as training and human resource management is a full time responsibility. However, with a specialized billing company managing the revenue cycle, highly trained professionals are able to expedite the billing processes while increasing the overall profitability of each client.. 

Upon completion of the clinical documentation, the administrative staff at the doctor's office can review and forward the corresponding Superbill to their medical billing company. From that point onwards, the medical billing company takes over and performs the remaining steps i.e., charge creation, claim submission, follow up and denial management. Given their experience with multiple clients across different specialities, they are able to extend benefits of one client's billing success to their entire clientele. While the medical billing service copes with the practice's billing operations, clinicians are able to focus wholly on the quality of care provided to each of their patients.

With the adoption of Electronic Medical Records (EMR) on the rise, the evolution of health IT has been breathtaking. We have never seen such rapid developments in the healthcare sector, prior to the incorporation of health IT over the past two decades. This has comprehensively changed the face of healthcare as we know it. Efficient billing departments are crucial for the growth of every practice and outsourcing these operations to highly skilled billers monumentally increases profitability.