Medical billing services need to be both efficient and fast. On top of keeping records accurate and accessible, billing needs to be organized. More importantly, the data needs to be reliable as well. Meeting this requirement means having a billing department, ready to offer solutions to payment issues and having readily accessible patient data. This can be a huge burden to bear, so it pays to outsource billing services.
The pitfall of using paper records are many. First, they take up too much physical storage space to be efficient. This space demand increases every fiscal year, and decreases revenue due to the need to outsource secure shredding services. Physical records need to be taken away and shredded, and when you are dealing with thousands of patient billing records, there is no quick and easy solution. The security risk involved is so great that professional shredding and record disposal services must be utilized. The cost here can be great, and just goes to show why electronic billing matches up with an efficient and secure billing model.
EMR billing solutions, in addition to avoiding the upfront costs of physical storage, provides high security for low costs. Competitive industry rates allow you to remain focused on revenue and more important patient concerns. One of the top concerns for medical billing is being locked into a contract and thus having no flexibility. With EMR billing solutions, you also get the advantage of not having a fixed contract that locks you in indefinitely. Again, this lets you focus on more important issues while knowing that your billing is in competent hands.