Why one should outsource Medical Billing and Coding ?

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A Guide to Outsourced Medical Billing and Coding
Services
Presented By Denise Miller
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Topics Covered

• Why Outsourcing?
• Increased productivity
• Complex nature of the task
• Knowledge and expertise
• Flexibility
• Integration with your existing system
• Cost effective

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Why Outsourcing?

• In today's world, a doctor or practitioner no
  longer simply treats illnesses or diseases but
  has to be involved in a plethora of
  administrative work to ensure that he gets paid
  for doing his or her real job of treating people.
• The huge array of health insurance companies and
  their policies has made revenue cycle management
  and billing an extremely important part of every
  doctor's practice, if only to ensure proper cash
  flow within the business.

• While this may seem simple enough up front, the
  sheer number of forms and other factors that
  go into getting their claims often
  leaves the doctor with little
  time to do his or her
  real work, which is treating
  patients.
• Hence, to reduce this burden and pressure on
  doctors, medical billing services have become
  extremely popular today.

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Increased Productivity

• Medicare claims processing or any other claims
  processing can seem simple but they are actually
  tedious and time consuming, which often leaves
  doctors with very little time to do their own
  work.
• Most of the Cash Flow which is essential to
  sustain a Healthcare business is dependent on
  such claims and thus cannot be ignored at all.

• Outsourcing will not only help ensure that you
  get it done on time but will also help you do
  what you love doing best.

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Complex Nature of the Task

• Medicare claims processing or any other claims
  processing can seem simple but they are actually
  tedious and time consuming.
• If a doctor with no knowledge, himself files a
  claim, it could get REJECTED.
• Which will also cost him/her millions of dollars
  due a single silly mistake.

• However, in order to avoid such huge losses, it
  is always better to seek expert assistance and be
  assured of error free cash flow.

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Knowledge Expertise

• Let it be benefits verification, Medicare claims
  processing or any other service that you require
  under coding and billing hiring people who are
  experts and knowledgeable in that regard is
  always your best bet.
• Given that it is their chosen field of work, they
  will be abreast about the regular changes and
  other modifications that occur in the field,
  which will make it easier for you to ensure that
  your claims are cleared and payments are made on
  time.

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Flexibility

• Medical billing services are flexible.
• That is what makes them unique.
• Reason why, these service providers can actually
  offer you customized services and product to meet
  your need in the best possible way.

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Integration with Existing Systems

• They will surely take care about the integration
  of the software used for billing and coding as
  per your existing systems and standards.
• In this manner, you need not to invest more on
  the excessive cost of new hardware and software.

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Cost Effective

• As discussed in earlier slide, the most important
  reason why you should opt for outsourced coding
  and billing is that these services are extremely
  cost effective.
• But the scenario would be different if you wish
  to do your Billing and coding on your own.
• Outsourcing is the best option to optfor in
  order to save time as well as money.

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