Many behavioral health practices use their staff to manage in-house billing services for their clients. This may work in the short term, but adding this extra responsibility to overworked staff can give rise to unnecessary complications, errors, and delays. These additional issues add up to financial strain on the behavioral healthcare-based business. The true goal of your practice, which is to treat your patients, can be undermined by the extra administrative work of in-house billing implementation.
Call RevWerx today at 833.309.0138 for more information about relief from the extra burden of billing off so you can better concentrate on the business of helping your patients.
What is Outsourced Billing?
Outsourcing medical billing can help a behavioral health practice to avoid their most common stressors. Outsourcing billing is when a business or company hires a third party dedicated to taking care of billing their clients. In the case of outsourcing billing for your behavioral health practice, these clients are your patients. When you task an outside staff to take care of your billing, you must be assured that they have the expertise to do so. You must also be careful because you are entrusting a third party with your client’s sensitive information. By weighing the potential benefits against the risks and making a reasonable choice, you make your office’s payment process more straightforward. The company hired to take on this task for your team must have a comprehensive and efficient way of processing billing already in place and articulate that to your behavioral health staff. Benefits of outsourced billing over in-house billing services include:
Fewer Risky Errors
Billing errors contribute to extra headaches, confusion, and possibly even liability issues in the future. A staff whose sole purpose is to maintain knowledge of the insurance regulations, codes, and practices that affect your particular healthcare service can ensure fewer mistakes that will harm your practice in the long run.
Higher Rates of Approval For Clients
With a reduction in billing errors in your practice, clients will have to worry less about not being covered for the health treatment they receive from you. This fosters a greater level of trust between you and your patients. It also ensures that your practice is being compensated for the services rendered.
Increased Time Devoted to Growth
Reducing the time you have to spend keeping up with the administrative duty of medical billing and coding gives your practice more time to concentrate on growing. Not only can you increase the focus devoted to current patients, but you may have the additional focus to grow your practice even more.
Choosing Outsourced Medical Billing Over In-house Billing
You are probably considering switching to outsourced billing because you already face issues within your behavioral health practice. Suppose you are currently delegating the responsibility to in-house staff. In that case, you know that your office has total control over the billing process, but this also demands much of their time and takes them away from other job duties. When you outsource your billing, you are handing over control to another company. Doing this relieves your staff of the burdens and responsibility of keeping up with medical codes and regulations. When the weight of in-house billing is lifted off your shoulders, there is more time and energy available to concentrate on quality patient care, as well as more opportunity for your practice to grow.
Medical practices with in-house teams have a consistently higher risk of making costly billing and coding errors that can threaten the receipt of adequate reimbursement from insurance companies. Outsourcing to a behavioral health billing service composed of experts will ensure that your billing process is successful. When the experts you’ve hired have the time to carefully and thoroughly process your billing, accuracy and approval rates will steadily increase.
Let RevWerx Improve Your Business’s Billing Process With Our Billing Services
Let our company of experts take the additional duty of burdensome paperwork, confusing billing, and keeping up with changing codes and regulations off of your shoulders, so you and your staff can concentrate on helping your patients to the fullest of your ability. Call RevWerx today at 833.309.0138 for more information about our services.