Growing Clinics Need to OutsourceAs a medical office, if you’re looking to grow, you likely understand the challenges that exist when it comes to scaling a medical practice. You may have entertained the idea of growing your medical practice through acquisitions, but pared back due to the complexities involved in integrating two completely different ways of running a medical office. Thankfully, if you’re looking to grow your medical practice, there’s an option to help you scale without the headaches you’re accustomed to. That answer comes in the form of Outsource Receivables, an outsourced medical billing provider. We can help you as you attempt to grow through streamlining your medical billing practices in one office, or many offices. It’s our goal to help you focus more on patient care and not the mountains of back office paperwork that often monopolize many medical offices.

Benefits of Outsourcing Your Medical Billing

Below are just a few of the reasons why it makes sense to outsource your medical billing processes to an established company like Outsource Receivables:

  • Stick to a proven process – Your in-house medical billing team is likely doing the best they can to track down rejected claims and process the mountains of paperwork that’s created on a daily basis. The problem is that sometimes this simply isn’t enough. It’s critical that a concrete set of processes are followed to ensure rejected claims are followed up on and that your accounts receivable levels are managed. These processes translate into a more profitable medical billing practice that is scalable.
  • Focus on caring for your patients – A medical office isn’t going to be remembered for how quickly they process a medical billing claim, but they are going to be remembered for the level of care they provide to their patients. For this reason, it’s important that you and the other providers in your clinic are doing everything you can to provide the highest level of care to your patients. With the internet allowing anyone to instantly create a negative review for a medical practice, it’s beneficial for providers to focus on their core competencies and outsource other tasks such as medical billing, which are repeatable when done efficiently.
  • Boost profitability – To efficiently grow your practice, or to purchase an additional practice you’re going to need to focus on profitability. While your passion is likely caring for your patients, it’s still important to keep in mind that you’re running a business, which requires profits. By working with an outsourced medical billing company, you can ensure your billing procedures are efficient and that rejected claims are handled in a timely manner to help boost profitability.
  • Reduce billing errors – An efficient medical billing company can help to reduce billing errors because they’ll scrub claims and spot common errors that often slow down payments. This helps to reduce the number of denials and work for your administrative staff. Because medical billing companies like Outsource Receivables deal with a variety of different claims on a daily basis, they have a mountain of knowledge related to common issues that could prevent your medical office from getting paid in a timely manner.

Ready to Learn More About Outsourcing Your Medical Billing?

If your office is trying to determine whether keeping your medical billing in-house makes sense, feel free to reach out to Outsource Receivables today. We offer a guarantee that we’ll save you 15% overall compared to handling your medical billing in-house. With that kind of guarantee, what do you have to lose when it comes to outsourcing your medical billing processes? To learn more today, give us a call in our Minneapolis office at (866) 585-2800 or our Chicago office at (708) 864-4972.

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