How Much Does a Medical Billing Company Charge?If you’re in the market for a medical billing company one of the key things that you’re likely wondering about is cost. While cost is always important, there are many other factors to keep in mind when it comes to finding a reputable medical billing company. At Outsource Receivables, we’ve been providing medical billing services to medical offices around the country for decades. We take pride in our work and are confident that not only can we make your medical office more efficient, but we can also save you money at the same time.

Why Should You Outsource Your Medical Billing Needs?

There are a whole host of reasons why our clients continue to outsource their medical billing services to our company. A few of these reasons include:

  • Cost savings – Price is always an important factor when it comes to medical billing. At Outsource Receivables, we guarantee that we’ll save you at least 15% compared to the cost of an in-house medical billing team. When you think about costs you have to keep in mind that an in-house team requires overhead. Salaries, benefits, sick time, vacation extensive training and management. With our team, you no longer have to worry about these costs and can instead focus on growing your practice and serving the needs of your patients.
  • Boost in profitability – Medical billing is one of the most vital aspects of any practice, but it’s often an area that’s overlooked. Doctors and their staff stay extremely busy making it difficult to chase down late payers, or follow up on denials. With an outsourced medical billing company like Outsource Receivables, you can turn over all of these vital, but time consuming tasks to us. Medical billing is our specialty and we’ll work on your behalf to reduce your receivables and ensure you’re getting paid for the procedures that your practice is providing.
  • Establish best practices – When you work with our company, you instantly have access to our many years of experience. We’ve created what we consider a winning formula to boost your practice’s profitability, cut down receivables and ensure that your practice is paid faster and more accurately. Replicating this system in your own office would be virtually impossible. We have a dedicated team of medical billing experts that each focus on just one aspect of the medical billing process, whereas most clinics who do their own billing have a few employees that handle everything. This sets up a scenario where unintentional mistakes can be made. We have dedicated departments focused on claims, insurance, payments, patient correspondence, and account management. Each of these facets of medical billing is equally important and if any one area is lacking, the entire medical billing process can quickly become out of sync.

 Focus on Your Core Competencies and Leave the Medical Billing to Us

Why did you choose to go to medical school? Was it to spend your nights tracking down unfinished medical charts and responding to medical billing denials? We’re pretty confident that the answer is no! You likely went to medical school to give back to your local community by treating patients in a compassionate manner. If you feel like you’ve gotten away from that core driving force that caused you to enter the medical field in the first place, it may be time to look into outsourcing your medical billing duties. This way you can get back to focusing on your competencies, which include providing the highest level of medical care to your patients. Leave the constantly changing landscape of medical billing to our team at Outsource Receivables.

If you have any questions about our medical billing services, don’t hesitate to reach out to our team today toll free at 866-585-2800. We have offices in Minneapolis as well as Chicago to ensure that we’re able to meet the needs of our clients regardless of their location. We look forward to working with you and your medical practice soon.

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