Outsourced Billing vs In-House Billing
The question of whether to outsource medical billing operations or keep the process in-house is one that weighs heavily on many doctors and practice managers. Billing is a vital part of your practice, but it comes with costly and complicated issues that need to be managed daily. Statistically medical billing outsourcing improves your cash flow/collections by 10% or more and substantially reduces the costs and headaches of employee problems.
Outsourced Billing
The question of whether to outsource medical billing operations or keep the process in-house is one that weighs heavily on many doctors and practice managers. Billing is a vital part of your practice, but it comes with costly and complicated issues that need to be managed daily. Statistically medical billing outsourcing improves your cash flow/collections by 10% or more and substantially reduces the costs and headaches of employee problems.
Outsourced Billing
| Increases cash flow |
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| Saves on the high cost of equipment, as rapidly changing technology translates into extra expenses |
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| Reduces your call volume for non-medical issues such as billing questions |
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| Allows you to focus on patient care instead of billing |
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| No more cash-flow interruptions due to staff turnover |
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| Reduces your fixed cost of billing |
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| Eliminates provider/patient payment discussion |
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| Reduces staff size and employee expenses like sick pay, vacation pay, insurance benefits, workers compensation, etc. |
Baystate Billing Solutions will:
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| Aggressively handle A/R claim follow up for a better return on your receivables |
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| Allow you 24/7 access to your account |
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| Provide you with detailed reports monthly and weekly |
When medical billing falls behind, payment is held up! While many healthcare professionals believe in-house billing provides control, this increases the risks of losing business critical knowledge, impedes accuracy in claims processing, and ultimately limits billing precision. Outsourcing allows you to focus on patient care, while still getting paid without the following hassles and expenses-
In-House Billing
In-House Billing
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| Medical biller’s salary |
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| Bonus, raises and gifts |
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| Computer hardware purchase & maintenance |
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| Paperwork, claim filing and tracking |
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| Billing specific office supplies |
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| Office Space for non-clinical options |
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| Training costs |
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| Staff turnover leading to interruption of billing and collections |
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| The cost of lost or incorrect claims due to incorrect billing |
Outsource your medical billing to Baystate Billing Solutions today because the struggle between payors and providers over insurance compensation continues to escalate as payors apply more resources toward reducing their reimbursements. Medical insurers benefit from not paying you promptly. The Managed Care trend in the health care industry has resulted in a staggering increase in the number of payor denials. The estimated number of denied claims has increased to 18% over the last ten years. Discounting this impact is not a luxury most practices can afford given cost-constrained healthcare management.
Take advantage today of our experienced medical billing services, so you can focus on what is important - your patients!
Take advantage today of our experienced medical billing services, so you can focus on what is important - your patients!
Our Tools
The Baystate Billing process is effective with your existing software, our software, or many new software packages presently available on the market. We will manage your account from data entry to claims submission thereby ensuring quicker turn around and higher reimbursement. WE WILL INCREASE YOUR BOTTOM LINE!
Interested in learning more about how we can help your practice be more successful? Contact us today and set up a free no obligation consultation to see if we can be your next best partnership.
Interested in learning more about how we can help your practice be more successful? Contact us today and set up a free no obligation consultation to see if we can be your next best partnership.
Don’t let your money get buried by the insurance companies!
Call Us Today! | 774-553-5633
“Most practices with in-house billing departments collect significantly less revenue than their outsourcing counterparts" “Physician News Digest
Our Service Area
We proudly serve Cape Cod and neighboring communities, including:
MASSACHUSETTS
Acushnet, Assonet, Bourne, Carver, Dartmouth, Fall River, Freetown, Lakeville, Marion, Mattapoisett, Middleboro, New Bedford, Plymouth, Rochester, Wareham, Wesport