With the labor shortage problems in medical billers and coders domain, healthcare practices are facing huge difficulties to maintain a seamless revenue cycle management. Furthermore with the new government regulation with billers and coders receiving more than what they used to get further creating a huge dilemma in sustaining the practice. In fact, the medical billing process with the changing medical codes and healthcare billing regulation and migration from ICD – 9 to ICD – 10 the journey of managing a seamless medical billing process has never been easy. Furthermore, the training cost of each biller and coders along with new software adaptation needs rigorous training also waste a lot of resources of the healthcare practices.
This is why it is always convenient to have an operational extension that can not only handle the sheer volume of your complex billing and coding process but also adopt new IT reforms following HIPAA guidelines and can substantially cut down on your training and your operational costs as well.
In fact, today outsourcing your revenue cycle management is one of the most convenient solution, as increasing your revenue and saving your time so that you can focus on patient care management, outsourcing RCM solutions further-
- Following compliance ensure a better billing management
- Reduces your billing and coding errors rate
- Helps you with claims and accounts receivable management
- helps you focus more on other work of patient care management etc
Taking care in this testing and transition phase, outsourcing revenue cycle management further ensures no delay due to downtime of software or hardware as well.
Resolving all your technical glitches, outsourcing organization with constant follow-up and dedicated account managers not only helps in reducing your overall operational cost but also errors rate; saving up your resources as well as time stated Dipak Nandi, M. D a recipient of several entrepreneurial awards, M. D, and a board-certified psychiatrist.