According to a recent analysis report for the year 2018, the US spent an average of $937 per person on administrative costs, accounting for 9 percent of all healthcare spending. Reports have also shown that the administrative costs in the US were over four times more per person than in comparable countries.
Furthermore, according to the Center for American Progress health care, payers and providers in the United States spend about $496 billion on billing and insurance-related (BIR) costs annually and as health care costs continue to rise it's becoming a rising issue for many healthcare practices today. In fact, this is one of the reasons why more and more healthcare practices today are also opting out of outsourcing options.
How outsourcing your orthotics billing can help you today?
Eliminating all the unnecessary costs that in-house billing end up spending for billers and coders training sessions, their software installation fee, etc outsourcing organization also helps in reducing all these unnecessary costs along with reduction in the operational cost as well..
Helping you with a faster reimbursement rate and a faster billing, coding and collection process, there is outsourcing organization today that offers the highest productivity metrics in the market.
Helping you with the submission of a clean and timely claim, outsourcing organizations today only focus on reducing your denial and rejection of claims decreasing your account receivable days.
Today there are outsourcing organizations that ensuring 99.9% accuracy rate helping you with decreasing in your AR bucket by 30 percent.
Helping you with 75 % operational cost reduction, the outsourcing organization also offers benefits like customized reporting, no binding contract as well as no cost dedicated account manager etc.
Helping you with a streamlined billing operation, outsourcing your orthotics billing operation today, is a cost effective solution helping in better billing management process.