4 Reasons Why Outsourcing Is Profitable for Dermatology Practices
Oct 24, 2022
One way to maximize your dermatology practice’s profits is to outsource the billing process. Outsourcing has the additional benefits of reducing errors and increasing the speed at which collections are processed.
Reduced Billing Errors
Billing mistakes can be extremely costly. Not only could you be missing out on collections, but you could also be flagged for fraud investigation if you frequently use incorrect codes. Outsourcing the claims process to a professional can ensure that errors in billing are reduced, improving your practice’s collections.
Lower Overhead Costs
Every medical practice, including dermatology, has overhead costs. The more employees you need, the higher those costs will rise. By outsourcing your claims and billing, you can actually reduce your overhead costs because you won’t have to hire employees to handle it.
Reduced A/R Time
Another benefit of outsourcing is reduced A/R time. Professional medical billers are faster and more effective at billing, which can help your practice to receive collections much more quickly than if you processed claims yourself.
Increased Time with Patients
The biggest advantage of outsourcing your billing is that your own time is freed up. You don’t have to spend your time handling claims or figuring out which code to use. Instead, you can devote more of your working time to your patients. You can even take on new patients with the time you’ve freed up, which can result in increased collections for your practice.
The Benefits of Outsourcing Medical Claims
Dermatology practices can benefit from outsourcing for a number of reasons. On top of freeing up more of your own time for seeing existing and new patients, you also reduce the risk of costly mistakes and can receive collections faster.
Quest National Services knows that each of its clients has unique needs and tailors its billing services to cater to each individual client. Additionally, our expert billers have the latest knowledge about codes, modifiers, and billing rules. Don’t hesitate to contact us for more information.
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