Medical Billing is the backbone of the Healthcare, Hospitals and Medical Groups. While patient care, treatment, procedures and patient satisfaction may look like the prime functions, Medical Billing is the core backend process that focuses on the financial goal of the business. Unfortunately, with the daily patient flow and lack of time management, most often billing process takes a back seat. Not managing the Medical billing requirements within the standard turnaround time (TAT) can take a toll, however, Medical Billing Outsourcing Company has emerged to be a boon providing complete Revenue Cycle Management Solutions assuring high-quality services at lower cost with maximum ROI. Read to understand why you might need a Medical Billing Outsourcing Company?
Listed below are few areas showcasing how Medical Billing Outsourcing is beneficial?
- High Quality at low cost
- Accelerated Cash Flow with Increased ROI
- Reduced Billing Errors and Denial Percentage
- Efficient AR Follow up and Denial Management
- End to End RCM Coverage
- Process Standardization and Automation
- Unmatchable Expertise and Experience
- Secured PHI and Billing Compliance
- Credentialing Support
- Streamlined Billing Process and Monthly Reporting
- Regular Audit for enhancement
Outsourcing to Medical Billing Companies have seen an increasing trend during global pandemic owing to the onset of Telemedicine and dearth of required onsite Medical Billing staff; majorly because of the guaranteed benefits and the financial growth possible by Outsourcing the Medical Billing Process.
Offshore Outsourcing
Offshore Outsourcing has proved to be the best choice for US-based Medical Billing Companies. Outsourcing to offshore-based Medical Billing companies mainly in India can fetch a greater advantage in comparison to on-shore outsourcing. Let us look in detail at the benefits of Offshore Outsourcing.
- Time Advantage:
Most of the top Medical Billing Companies in India provide 20/5 support with dedicated account managers to keep the transition and everyday work seamless and productive. With the advantage of 9 – 12 hours of the time difference, an offshore-based billing partner handle all data entry-related task like Demo, Charge and Payment Posting handled during the US night hours guaranteeing faster claims processing. - Cost-Effective compared to Onshore Outsourcing:
Medical Billing in India has been flourishing year by year with increased business opportunities. Offshore Outsourcing has turned out to be the most chosen method for Medical Claims processing witnessing the multitude of benefits from this model. - Expertise Billing Support:
Offshoring is not only cost-effective but also provides other benefits such as exceptional expertise in handling RCM services for any medical specialty or multi-specialty. Expertise working on any Billing Platform or adapting any new billing software easily with the experience working on various tools and EMR. Knowledge on insurance carrier-based nuances helps smooth and faster claims processing. - HIPAA Compliant:
Offshore-based billing companies are fully compliant with HIPAA and other mandatory regulations to secure PHI and claims processing.
About e-care
e-care is one of the top medical billing companies in India providing complete medical billing and coding services. With over 20 years of experience and expertise in 30+ billing software, ecare can start servicing your billing needs anytime. As part of our Business Continuity plan ecare has a Disaster Recovery Center that operates even during emergency situations. To know more about our services log on to www.ecareindia.com