Hospital Medical Billing Services Nationwide

Medical practices require cash flow and medical billing services can play a critical role in your collections success. To ensure that customers pay their bills in a timely manner, medical billing service providers help quickly and efficiently record charges to create claims, accurately code those claims and send them through the right channels to the appropriate payers. There are a lot of moving parts in that puzzle. Managing the revenue for a medical practice is labor-intensive, has many pitfuls, and requires an astute eye for detail. Increase your medical billing collections by up to 10% by choosing a medical billing service with a proven track record of results and take the burden off your shoulders.

• Medical Billing Management
• Revenue Cycle Management (RCM) Services
• Medical Insurance Claim Billing Services

Outsourced Hospital Medical Billing

Generally speaking, medical billing should be outsourced for most practices. In order to insource your billing to a member of your staff, they need be a certified medical coder. This can prove expensive and leave your hospital in a difficult position if your worker relocates. Outsourcing medical billing puts the responsibility in the hands of billing experts who will help with bill accuracy, medical coding input, rejected insurance claims, and other gritty details.

How much does medical billing service cost?

Medical billing companies usually charge between 4.2% and 9.3% of net collections. Based on those general numbers, you should be able to do some quick math to decide what makes financial sense for your practice. Remember to consider the higher cost of employing a certified medical coder and compare it to the cost of paying a percentage of your billings to a third-party provider. If the math is even close, outsource your medical billings and be rid of the heachaces.

Contact us today to compare regional medical billing service providers and start saving!