How Vertical Expertise with eClinicalWorks® Billing Makes Providers Money
When providers outsource their medical billing, they usually think about spending money, rather than making it. While it’s true medical billing companies will charge a fee for their services, they can also make providers money. In order to explain, let’s discuss how vertical expertise with eClinicalWorks® billing makes providers money.
Experience and Focus with One EMR Solution
If a quality medical billing service is found that has experience with and focuses on only one EMR solution, then they’ll naturally have more knowledge and expertise to offer providers using the same. For instance, EMR Billing Solutions is a medical billing company that works only for providers who use eClinicalWorks®, saving providers money while offering specific EMR expertise.
This knowledge and expertise is invaluable when managing and facilitating the complexities of medical billing. Dealing with: processing and coding errors, unpaid patient accounts, insurance companies, revenue cycle management, claims, customer support, and other billing tasks – all can burden small medical providers and end up costing them more money than hiring a medical billing service.
In-house medical billing also requires practice management software, a certified medical coder on staff, and for administrative staffs to handle: billing support, rejections, patient collections, and more. It’s not hard to see why outsourcing medical billing is beneficial, yet does it actually make providers money and is it safe?
Ways Outsourcing Will Make Providers Money
Here are the specific ways outsourcing to EMR Billing Solutions will make providers money:
- Higher Collection Rates
- Reduced Claim Denials and Rejections
- Improved Customer Satisfaction
- Low Flat Rate Fee of 3 to 3.9% from Streamlined Vertical Service
- No need for Certified Medical Coder on Staff
- Reduces Duties and Hours for Staff
- Reduces Mistakes and Errors
These are some of the main ways outsourcing to a quality HIPPA compliant medical billing company will end up making providers money. Even if a provider only broke even or had to pay a little more than if done in-house, wouldn’t it be worth getting rid of the medical billing department?
Yet, looking at the ways EMR Billing Solutions can make providers money, it’s not hard to see how most will, actually, end up making money (from savings and by filling in billing gaps). To learn more about our eClinicalWorks® based medical billing service please contact us today.