4 Reasons Why Outsourcing Is Profitable for OB/GYN Practices
Jan 9, 2023
Outsourcing billing can help make your OB/GYN practice more profitable. Not only could your practice bring in more profits annually with outsourced billing, but you can avoid costly mistakes and improve overall collections.
Here are four reasons why outsourcing is profitable for OB/GYN practices.
Reducing Billing Errors Brings You More Profit
No matter how well you think you and your employees know medical coding, you’ll inevitably drop the ball from time to time. As a professional OB/GYN, you have many other duties, and so do your employees. Medical billers at a professional company specialize in billing, so they make fewer errors on average. Fewer errors lead to receiving accurate collections and avoiding potential fraud investigations.
Save on Overhead Costs
You can save money by paying for a professional medical billing service instead of paying the salaries of full-time employees. The fewer employees your OB/GYN practice has, the lower your overhead costs will be. Thus, outsourcing your OB/GYN billing to a professional company can save you lots of money in the long run.
Less Time in Accounts/Receivable
When you outsource your OB/GYN billing to a professional medical biller, you can decrease the amount of time claims spend in A/R. Less time in A/R means you’ll collect payments faster. It’s one less thing to worry about, and the entire billing process will move more quickly.
More Time with Patients
The less time you spend on OB/GYN medical billing, the more you can spend with your patients. The same is true if you have to manage your medical billers and support staff. Instead of spending hours looking through medical code handbooks, you can devote valuable time to your patients. You can also take on new patients with the saved time, which can further your profits.
The Benefits of Outsourcing OB/GYN Billing
Outsourcing your OB/GYN billing can benefit your company, your patients, and your employees. Fewer errors and less A/R time can lead to higher collections and more time to focus on what’s important to you.
Professional medical billing service QuestNS can decrease your time in A/R by 19 days on average and increase collections by 15%. Our medical billers always stay up to date with the latest billing codes. Contact us to learn how you can get started in as few as five business days.
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