Many private practices and ambulatory surgery centers are now outsourcing medical billing and coding for 2 reasons:
1. To cut expenses for their clients
Outsourcing coding and billing can save these medical facilities a lot of money in the long run because they don’t have to pay, or manage, full-time employees.
Outsourcing to a professional billing and coding company not only helps cut overhead expenses but can also increase revenues dramatically. And that has a direct impact on physician income!
Hiring an independent medical billing and coding firm to process patient claims can easily save an average practice up to fifty percent in annual billing revenue.