BC Advantage - 2018 Issue 3

Increase Revenue by Outsourcing Medical Billing

Many practices are starting to weigh the benefits outsourcing medical billing compared to keeping it in-house. Traditionally, private practices and other healthcare organizations have had an internal billing structure that files, codes, and manages billing claims. Medical billing is commonly known as Revenue Cycle Management and is handled by individuals on the billing staff within the organization. This is the process of providers sending claims to insurance companies to receive payment, and following up on those claims to ensure their completion. The accuracy, timeliness, and organization of these claims are extremely important in order to maintain a high clean...

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