Benefit’s
Consistent, complete billing is important for facilities that depend on the revenue from insurance billing—getting it wrong may be costly and wasteful. Outsourcing your billing can help you ensure that it is done correctly and that you are paid on time and completely for the Client care you provide.
Third-party billing can also help reduce paperwork around your office and office space, ensure that specialists are assisting with your billing, and can help reduce or prevent billing and authorization errors.
Affordability
It may be more affordable for you to outsource your billing, because you can avoid hiring in-house staff. This can save personnel costs such as pay, benefits, and training expenses. You would not have to supervise anyone, either. If you have office assistants at your clinic, they can fulfill other responsibilities instead of working on billing. This can reduce your overhead and help free up financial resources for other aspects of your clinic’s operations.
Ongoing reporting
Lucrative Consulting can provide you with ongoing reports. This way, you can know more about how successful the business side of your treatment center is and what, if anything, you need to do in order to make your billing process more successful. This can help you avoid micromanaging your office employees. Instead, you can request a quick report on your billing and check up on how that side of your business is going.
Consistency is key
You can use third party billing to help your office to bill more consistently and have fewer inconsistencies. Mistakes can be costly and may delay payments to your office, so it may be worthwhile for you to consider outsourcing this function altogether.
Support is provided by Lucrative Consulting, so you can avoid having to use in-house technical support or billing support when something goes wrong. This can also help reduce your costs and improve your consistency in clinical billing.