With an aging population living longer. With ever-diminishing margins for profits. With ever increasing pressure to digitize existing records. With ballooning regulations. With skyrocketing costs and an uncertain insurance environment. With threats to decrease funding of government legacy healthcare programs.
In other words,How To Choose The Best Healthcare Outsourcing Services Company Articles with across the board rising costs and decreasing profits, how can a healthcare provider- whether a large hospital group, or a group practice, or an urgent care walk in, or Medical Supplies a non-profit clinic- get and stay active, and even thrive in this cut-throat environment?
Consider the options available from a Healthcare BPO Services firm.
Many in the Healthcare Sector concentrate on their patients- staying on top of the latest treatments and medications. The majority of their staff does as well. So, it”s probably no surprise that Medical Billing is near the bottom of the list of priorities.
On average, 70-80% of patients owe a minimum of $500 to their healthcare providers. More than 45% of patients owe $1000. If a bill is not eventually paid or settled, the expense of treatment will NEVER be recovered. Is it inevitable that you incur this loss? While not supplanting patient care as the #1 priority, billing and payment IS IMPORTANT and should be treated as such. So WHY do medical practices continue to lose money on the process when there is an alternative. Healthcare Outsourcing Companies. Many practices and hospitals chose to Outsource Healthcare Solutions and save both time and money.
Think about this: if you could hire a team of professionals with an outstanding track record in Billing, Customer Service and Collections, and do this at a fraction of the cost as your in-house process, wouldn”t you?!?!
The answer is right in front of you. Healthcare Outsourcing.