Why your Human Resources Department could be Upside Down and Overwhelmed

A compromised Human Resources department will struggle to put the correct people in the right place. This is especially so if they are attempting to fill positions that they may only partially understand, or roles that require great expertise.

There is a way to solve this.

Medical billing outsourcing resolves multiple staffing problems. A major problem with in-house medical billing services is management, turnover, retention and practice growth.

One key way to reduce employee turnover is with medical billing outsourcing.

On-going employee turnover is a common problem for many practices. When a medical biller leaves, your cash flow is compromised. In experienced medical biller’s make errors. Even experienced medical billers new to a practice make errors – errors that at the minimum delay payment. Training medical billers to learn your practice particulars is an inefficient use of your time and is resource draining for other staff members. Medical billing outsourcing avoids these problems all together. When your receptionist quits it is a problem. When your medical billing person leaves, your entire practice cash flow is affected. An experienced and reliable medical billing service is a much better solution.

Medical Billing Outsourcing Provides a Cheaper Fixed Cost.

Medical billing outsourcing is a variable cost percent that varies directly with your medical billings. With outsourcing, this cost only goes up and down as it directly correlates with collections.

As your business and revenues grow, so does the medical billing and coding workload. However, your employee costs are fixed, while billings and receivables are not a fixed benefit. Therefore, when you need to add another biller you drastically increase your fixed costs, and now you are usually overstaffed, as the workload volume catches up to your expanded billing capacity.

Lower Employee Costs

Besides salary, there are payroll taxes, FICA and insurance, and the cost of administering and accounting for these. Plus, when your in-house medical billing worker is sick or on vacation, you still have to pay them. Instead, should you take advantage of an experienced medical billing service, it leaves you to focus on what is important – your patients!