In-House Medical Billing vs Outsourced Medical Billing: Which one fits you the best?
Medical billing is one of the most complicated aspects of running a medical practice. With thousands of possible codes for diagnoses and procedures and multiple payers, the ability to have efficient billing is a real challenge. Unfortunately, there isn’t a one-size-fits-all solution for medical billing. Still, the two main options are in-house billing or outsourcing to a medical billing company.
To determine whether to keep billing services in-house or to outsource them, you should conduct a cost-benefit analysis to weigh the costs of billing to your agency for personnel, training, technology, and other resources versus the cost of contracting with an outside organization.
This white paper is brought by iMagnum Healthcare
Your ideal Revenue Cycle Analytics partner
Through our revenue cycle analytics, we help improve performance with timely insight; take quick decisions with real-time data that you can trust. You can gain ongoing visibility into how processes impact each other and influence performance and financial outcomes through our solution. We will enable you to advance your patient engagement goals with data-driven procedures governing patient payment and reduce dependency on resources for accessing the information you need.