Benefits of Outsourcing Medical Billing Services to a Third-party Billing Company

Benefits of Outsourcing Medical Billing Services to a Third-party Billing Company

Physician burnout are very common and it is characterized by feelings of exhaustion, depersonalization, and reduced satisfaction with one’s professional life. Symptoms of physician burnout include emotional exhaustion, and a feeling of less personal accomplishment.

It is common for physicians to be overwhelmed by mandatory initiatives and mandates, which consume a great deal of their resources and time that alternatively divert them from patient care.

Medscape recently conducted a survey exploring how physicians are dealing with practice burnout. Over 12,000 doctors from 29 specialties participated in the survey. According to the survey, 42% of medical practitioners reported that they are burnout. As per the survey, major contributors for burnout are spending too many hours at work (37%); inefficient reimbursement (43%); increased computerization of practice (25%); lack of control (20%); and government regulations (10%).

By outsourcing medical billing services, most of these burnout contributors can be eliminated. Through outsourcing, physicians will focus more on patient care, compliance with payer, policies and guidelines, accurate reimbursement collection, and reduced billing errors.

Benefits of Medical Billing Services Outsourcing

There are several benefits of outsourcing medical billing services to a third-party medical billing company. By acquiring medical billing services from a third-party billing company, many healthcare providers are able to save time and money which allows them to better focus their time and attention on providing quality care for their patients.

Why Outsourcing to Apex MedPro

Apex MedPro Billing has everything you need to streamline your workflow and grow your revenue. By choosing the Apex MedPro billing company, you can better allocate your human and financial resources more effectively. Let’s take a look at some of the benefits that outsourcing with Apex MedPro Billing can offer you and your team.

More focus on patient care

Although medical billing is essential to the healthcare industry in United States, the heart of what you do is caring for patients. When you hire Apex MedPro Billing, you can concentrate your resources into providing quality care. This will allow you to increase your patient flow and satisfaction from day to day, which will, in turn, provide you with more revenue. Your team cannot be effective in providing excellent care when they are bogged down by financial matters.

Reduced Administrative Duties

Having an in-house billing team can cost you both time and money. Often for most health care providers, the in-house billing team is also the front desk staff. When the front desk is bogged down with preparing claims and keying in information, then that is time taken away from patients. This can limit your patient flow, which means less revenue by the end of the day. In addition, you will be reducing administrative costs by having an outsourced billing company to solve insurance conflicts. By saving on human resources you can put them back into the clinical aspect of your facility.

Enhance Cash flow

By choosing Apex MedPro Billing to be your revenue cycle management company, you can boost your revenue potential as much as 30%. You will have more time for your patients and get paid faster without the need to invest in on-going training. We build clean claims, and our claim acceptance rate is 98%. In addition, we save you money by reducing claim processing intervals, sending daily billing and accounts receivable follow ups on already billed claims and sending out clean claims right away.

Reduce Billing Errors

Apex MedPro Billing will ensure that all your claims are accurately submitted within a timely manner. We can help reduce the number of rejected claims and provide feedback to help you maximize your reimbursements.

Improve patient satisfaction

When you reduce the burden placed on office staff, then you can increase productivity, efficiency, and employee morale. Your patients will have a direct line of communication with Apex MedPro Billing customer service who are patient and kind when answering patient billing questions.

Secure patient data

Information on a medical file is 10 to 20 times more valuable than other types of digital data. When you outsource to Apex MedPro Billing, you will have experts invest the money to protect patient information and ensure that the chance of a data breach is minimal.

Ensuring Billing Compliance

Apex MedPro Billing will help you stay up-to-date on compliance and regulation. The health care industry is ever-changing, and we can help with that.

Use quality control procedures, structured billing processes, and appropriate medical billing outsourcing company to ensure error-free and secure billing.

Contact Apex MedPro Billing today at 877-333-1760 for your consultation. There are multiple advantages to allowing us to become a part of your team. We will help you increase your cash and patient flow while also helping you to streamline your work. Our team is more than just a billing company. Contact us to learn more about how we can help you.

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