Modern medicine has become quite complex, but it isn’t just the medical testing, procedures, and treatment that has become complex. It is likely that you have experienced a large shift in employee focus from patient care to billing and collections. This change in focus was caused by the burden of payment being shifted from patients to insurance companies and government programs who require you to jump through many hoops to receive payment. However, you can simplify the billing process by hiring a company that can handle the entire receivable process for your medical office. There are many possible advantages to hiring a medical billing company to handle your receivables.
More Efficiency
When a medical accounts receivable solutions company is processing your office’s billing, you are likely to see an increase in revenue. This is due to the medical receivable company generally being more efficient than office workers who must complete a multitude of tasks.
Less Training
When an office doesn’t do its own coding, billing, or collections, the office staff do not have to be extensively trained on billing when hired and trained on new billing processes as they occur. Allowing your staff to focus on scheduling, checking patients in and out, and other administrative tasks will help your office work processes to go smoother.
Happier Employees
The reduction in responsibilities will lessen the workload on your office staff. By having less work, your workers are likelier to be less stressed and more likely to keep their jobs. This can help you to reduce the constant turnover of staff found in many medical settings.
Patient Care
By outsourcing your receivables process, your office can use its resources to focus on providing the best patient care possible. Your doctors, nurses and other professionals will not have to spend a lot of time answering billing questions and working with insurance companies.
Whether you are ready to hire a medical accounts receivable solutions company, or still have some questions, contact GeBBS Healthcare Solutions today.
