Improve Patient Care by Outsourcing Back Office Operations

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• Improve Patient Care by Outsourcing Back Office
  Operations

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Improve Patient Care by Outsourcing Back Office
Operations
One Universal fact which we discovered after
working with different specialty care groups and
physicians on back-office operations is that most
physicians would prefer looking after patients
rather than dealing with bookkeeping. However,
Collections, staffing, and processes are really
important for a lucrative practice. Hence we are
sharing few shares guidelines for simplifying
accounting while also making recruitment and
processes more efficient to support practice
profits and physician productivity. Medical
costs are rising up to 3.3 trillion in 2016
a number equal to 17.8 of the U.S. GDP. As the
costs skyrocket, physicians offices have to deal
with ever-expanding regulation and stricter
requirements for insurance reimbursementa true
administrative nightmare. We all know the
importance of high physician productivity. Up to
50 of practice losses are caused by physicians
spending increasing time on back office and
administrative operations. Simply put if they are
not billing time for patient care, then they are
not billing. Outsourcing billing and collections
functions help reduce the burden of filing
insurance claims and raising practice revenue.
Patients can receive more personal attention in
smaller group practices if doctors are freed from
administrative headaches.
Medical Billing Services in Oregon
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Improve Patient Care by Outsourcing Back Office
Operations
Many physicians are turning to sell practices.
However, being acquired by large organizations
doesnt necessarily lead to an improvement in
patient care. Why do physicians sell their
practice? The primary reason is that they seek
stability and assistance with increasing
administrative tasks due to evolving regulatory
changes which makes it more difficult to navigate
the requirements for medical billing. This leads
to an increase in claims denials. Responsible
outsourcing of back-office functions can save a
considerable amount of money related to medical
practice billing and receivables. It could
prevent doctors offices from being swallowed up
by large organizations, thus retaining a higher
quality of care. Also, outsourcing to experienced
and well-trained billing services upgrades
regulatory compliance and produces fewer claims
denials (denials could cost as much as 10 of a
physicians practice income) This leads to
reduced costs and more profitable physician
practices. Outsourcing gives physicians contact
to a staff of qualified billing and coding
professionals, alongside a broad range of other
services. Medical practices and other healthcare
organizations often discover that they save time,
resources and money when they bring into play an
experienced medical billing company, making it
well worth the funds spent One of the primary
reasons for outsourcing is saving money
Outsourcing medical practice back-office
operations frees up finances for the physician,
enabling physicians to keep their practices and
concentrate on patient care.
Medical Billing Services in Oregon