5 benefits of outsourcing your physical therapy billing
You have four options in deciding who shall handle billing insurance companies at your physical therapy clinic. First option, you can do it yourself. Second option, you can have existing staff do it, Third option, you can hire a new staff member to do it. Fourth option is to find a biller to outsource the work to.
In this article we are going to focus on the fourth option. You can read our other articles about doing medical billing yourself and training staff to do it.
Below are the five benefits to outsourcing physical therapy billing to an outsourced physical therapy biller.
1) Let the experts handle it
Medical billers only do billing all day long. They are experts in how to file claims and dispute claim denials, and they do this for a variety of clients so they’ve built up the knowledge and experience to be well positioned to do the same for you.
2) Let all staff focus on patient care
When you handle billing in house, staff have to focus their attention on insurance related matters. Keeping track of claim denials, reimbursements and payment takes a lot of time and causes a lot of frustration and stress. By outsourcing medical billing you and your staff are able to focus on patient care.
3) Decrease risk
When you have someone internally handle billing, there is a constant fear that if that person leaves, you are left in a pickle. By outsourcing billing to a biller you know that you have a consistent and reliable company who is always going to be able to handle your billing.
4) Increase profit
Outsourcing billing increases your profit by increasing % of reimbursements recouped. Billers pride themselves in getting claims processed much faster, getting less rejections and higher reimbursements.
5) Get rid of a fixed cost
In house billing is a fixed expense that includes health insurance, training and other associated costs with full time employees. When you outsource billing, the fee is taken out of the amount recouped. This allows you to save money, eliminate fixed costs and only pay when you get paid.
At One Body, we focus on helping your office with verification of benefits and preauthorizations. If you are interested in learning more, give us a call or fill out the contact form below.