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Many chiropractic clinics are missing out on what third party billing can do.
Consistent, complete billing is important for clinics that depend on the revenue from insurance billing—getting it wrong may be costly and wasteful. Outsourcing your billing can help you ensure that it is done correctly and that you are paid on time and completely for the patient care you provide.
Third-party billing can also help reduce paperwork around your office, ensure that specialists are assisting with your billing, and can help reduce or prevent billing errors.
Ongoing reporting
Third party billers can provide you with ongoing reports. This way, you can know more about how successful the business side of your clinic is and what, if anything, you need to do in order to make your billing process more successful. This can help you avoid micromanaging your office employees. Instead, you can request a quick report on your billing and check up on how that side of your business is going.
Affordability
It may be more affordable for you to outsource your billing, because you can avoid hiring in-house staff. This can save personnel costs such as pay, benefits, and training expenses. You would not have to supervise anyone, either. If you have office assistants at your clinic, they can fulfill other responsibilities instead of working on billing. This can reduce your overhead and help free up financial resources for other aspects of your clinic’s operations.
Consistency is key
You can use third party billing to help your office to bill more consistently and have fewer inconsistencies. Mistakes can be costly and may delay payments to your office, so it may be worthwhile for you to consider outsourcing this function altogether.
Support is provided by the biller directly, so you can avoid having to use in-house technical support or billing support when something goes wrong. This can also help reduce your costs and improve your consistency in clinical billing.
Third party billers and billing best practices
Rather than having office or chiropractic assistants file claims occasionally as part of their jobs, you can outsource this part of your work and have a specialized service do your billing for you. It is very difficult to keep a small number of people in your office well trained and informed on the latest billing practices. A third-party biller, however, can maintain a big staff of billing assistants who are knowledgeable about billing best practices.
This may help you reduce your liability, also, because the biller uses knowledgeable staff. While you are still responsible for doing your own due diligence to ensure the they are conducting this aspect of your business properly, you may minimize your liability by finding the right contractors and vendors to help your office.
Ready for outsourcing?
By outsourcing, you may reduce your overhead and improve the quality of your billing practices. You can get a knowledgeable, effective billing service that can help you be reimbursed more efficiently.
This may help your clinic reduce costs and improve revenue figures. In turn, you can focus more on providing great patient care instead of focusing on billing paperwork and filing. Third party billing services take away some of the hassle of running your clinic’s operations, making your own job easier. You may be surprised by how much of your time a billing service can free up for more important work.
References
- Care Cloud. “In-House vs. Outsourced Medical Billing: Pros and Cons.” Continuum Blog. http://www.carecloud.com/continuum/in-house-vs-outsourced-medical-billing-pros-and-cons/. Accessed: September 2017.
- Romero, R. “The Anatomy of Working with a Third Party Billing Company.” The Ambulatory M&A Advisor. http://www.ambulatoryadvisor.com/third-party-billing/. Published: October 2016. Accessed: September 2017.
