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The medical industry is growing more complex every day as insurance reimbursement rates decline, operating costs go up, and administrative challenges increase. From elaborate and confusing payment systems and intricate compliance requirements to IT-related issues like security and reliability, it is becoming increasingly difficult to manage the business of your practice without losing focus on what matters most – your patients.
A majority of healthcare providers believe that medical billing is one of the most complex, yet crucial components of their business.
As medical practices evolve and face the introduction of new technologies, government requirements, quality assurance measures, and financial limitations, practitioners and practice managers find themselves having to decide what business operations will save resources and generate revenue. Medical billing is a rarity in that it can help achieve both. This leaves practices asking:
“Should we outsource our billing?”
• Maintaining Control of the process• A 15 step self assessment
• Do's and Don'ts when outsourcing
• In-House vs. Outsourcing: Making the right decision