BILLING INHOUSE vs PARTNERING

Why Physicians Should Opt for Medical Billing Partners Instead of In-House Billing?

Progressive Medical Development can deliver increased billing collection to your practice compared to an in-house billing staff member. As a medical billing company specializing in revenue cycle management for physicians, there are several compelling reasons for practices to outsource medical billing.

Here are of the most significant:

1. Professional Medical Billing Firms have the Expertise:

Medical billing is a complex and constantly evolving field, and keeping up with the latest changes and best practices can be a full-time job in and of itself. By outsourcing billing to a dedicated medical billing company, you can benefit from the specialized expertise and knowledge of billing professionals who are well-versed in the latest industry standards and requirements.

2. Professionals Are Trained To Complete The Task With Efficiency:

Medical billing requires significant time and resources, from data entry and claim submissions to follow-up and collections. By outsourcing this work, practices can free up their staff to focus on patient care and other core functions, leading to increased efficiency and productivity.

3. They are an Affordable Option:

Besides the direct costs associated with software, equipment, and staff salaries, practices may also incur hidden expenses like training, turnover, and errors. Outsourcing medical billing can help practices reduce these costs and potentially increase revenue by improving accuracy, speeding up claims processing, and reducing the number of denied claims.

4. Medical Billing Firms Follow The Compliance:

Medical billing is subject to regulatory requirements as set out by the College of Physicians and Surgeons of Manitoba. By outsourcing your billing to Progressive Medical Development Account Managers who understand these requirements, your practice can reduce the risk of lost income.

5. Billing Firms Let You Focus on Scalability:

As practices grow and claim volume increases, billing can become a restriction that hinders their ability to expand. Outsourcing billing to our company with the infrastructure and resources to handle larger volumes can help practices scale more easily and quickly.

6. Billing Firms Engage the Latest Technology:

Billing software and technology are constantly evolving, and it can be challenging for practices to stay up-to-date with the latest tools and platforms. Outsourcing your medical billing to Progressive Medical Development can help practices benefit from the latest innovations without making significant investments.

7. Peace of Mind:

Finally, outsourcing medical billing with Progressive Medical Development can provide your practice with peace of mind. Feel at ease knowing that your billing is being handled by a team of experienced professionals dedicated to maximizing revenue and minimizing risk. This can help practices get back to what matters and focus on their core mission of delivering high-quality patient care rather than worrying about billing issues and challenges.