4 Reasons Why Outsourcing Is Profitable for Podiatry Practices
Apr 2, 2022
Streamlining the medical billing process is sure to boost your profitability. But, how do you accomplish this? Outsourcing medical billing offers a number of benefits that can lead to your podiatry practice running more smoothly. This allows you to focus on your patients rather than medical billing.
Outsourcing can provide benefits such as increased collections by 15% and decreased days in A/R by 19 days on average—all with a service tailored specifically to family practice providers.
Here are the top 4 reasons why outsourcing medical billing can be profitable for your podiatry practice.
Less Time in A/R
With outsourced medical billing, you have the benefit of decreased days in A/R by roughly 19 days. This is achieved as specialists are able to bill insurance companies quickly and accurately.
Outsourced medical billing specialists have years of experience dealing with all types of insurance companies and claim forms. Their expertise allows them to move quickly and gives you the freedom to focus on patients instead of being bogged down with worry about medical billing claims.
Cut Out Costly Mistakes
Mistakes in medical billing can end up costing your revenue. To avoid this, outsourcing your medical billing may be the best option. With outsourcing, you have access to medical billing specialists versed in the latest changes in coding and billing procedures. This means you don’t have to worry about yourself or your staff not being up-to-date, resulting in costly errors.
Free Up Your Time to See More Patients
With less time spend handling medical billing you’ll have more time to dedicate to patients. This allows you to spend more time with your existing patients and see more patients than you normally would, leading to higher revenue for your podiatry practice.
Save On Employee Overhead Costs
Hiring employees to handle medical billing comes with additional costs beyond just their hourly rate or yearly salary. Meanwhile, outsourcing your medical billing means you don’t have to deal with any of the costs associated with having an employee. This helps to lower your overhead costs significantly.
Outsourcing Your Medical Billing
There are numerous benefits to outsourcing your medical billing but cutting costs, increasing free time, and saving on overhead costs are major areas of interest for many podiatry practices hoping to grow their profitability.
Contact us today for more information about our medical billing services. We tailor our services specifically to podiatry practices, ensuring you have the most skilled and up-to-date medical billers working for your practice.
Outsource Your Podiatry Medical Billing
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