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Is Outsourcing Your Medical Billing a Good Idea?

Health Insurance Companies Process 1 in 5 Claims Wrong

Deciding if and when to outsource your medical billing tasks to a third-party is one of the most important choices that a provider will ever make. Choose wisely, and revenues will be more and headaches will be less. Choose foolishly, and the provider will have more work cut out for them after outsourcing their medical billing.

Chris Thorman, who blogs at Software Advice, recently wrote an article pointing out some of the major points that a provider will need to evaluate when deciding whether or not to outsource their medical billing services. In the article, he evaluated costs and other qualitative factors that goes into this important decision.

Chris’ came to the conclusion that hiring a medical billing service resulted in a higher net income than doing it in-house. Chris was also quick to point out that only quality, efficient services, are able to earn this extra income for their clients. Not all billing services are the same. To read the rest of Chris’ article, click here.

is a 20 year veteran of healthcare having managed medical practices. He advises medical practices, physicians and practice administrators on how to run their practice and manage their medical billing and revenue cycle management. Manny speaks, blogs and makes videos at www.CaptureBilling.com, a blog that is tops in the medical billing and coding field. READ MORE

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6 Responses to Is Outsourcing Your Medical Billing a Good Idea?

  1. Reducing cost still remains the number-one reason that organizations elect to outsource. Virtually every company cites lowering costs as the primary driver for adopting this business model and that exists in medical billing, coding and credentialing as well.

    Medical practices want to save money and they do so with outsourcing, most of the time. 🙂

  2. I agree with everyone, One advantage is – Outsourcing the billing process is cheaper than having an in-house team do it.

  3. Yup! It’s good idea to outsource the medical billings services. After outsourcing you can manage your practices efficiently.

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Capture Billing helps medical practices by reducing their insurance accounts receivable and getting claims paid faster, allowing doctors to focus on providing quality healthcare to their patients without the stress of doing their own medical billing.

That’s why we developed Capture Billing’s Rapid Revenue Recovery System to keep our clients’ Accounts Receivables down and their revenue flowing.

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The analysis of any medical billing or coding question is dependent on numerous specific facts -- including the factual situations present related to the patients, the practice, the professionals and the medical services and advice. Additionally, laws and regulations and insurance and payer policies (as well as coding itself) are subject to change. The information that has been accurate previously can be particularly dependent on changes in time or circumstances. The information contained in this web site is intended as general information only. It is not intended to serve as medical, health, legal or financial advice or as a substitute for professional advice of a medical coding professional, healthcare consultant, physician or medical professional, legal counsel, accountant or financial advisor. If you have a question about a specific matter, you should contact a professional advisor directly. CPT copyright American Medical Association. All rights reserved. CPT is a registered trademark of the American Medical Association.

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Capture Billing is a Medical Billing Company based in South Riding Virginia.

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Capture Billing & Consulting Inc.
25055 Riding Plaza #160
South Riding, VA 20152
Phone: (703) 327-1800