CONTACT:

Preferred Health Resources

503 Airport Executive Park

Nanuet, NY 10954

For more infrormation or to schedule an appointment please contact us via email at marla@phr400.com or call us at 877-877-6900 from 8:00 AM to 6:00 PM EST, Monday through Friday.

Medical Billing Outsourcing

Outsourcing Medical Billing can be the key to improve productivity for Practice Managers and Medical Office Managers

Many medical practice managers would rather not think about medical billing. Medical billing is the lifeblood of most practices but it is also highly problematic. Medical billing is complex and error prone and worse of all-revenues are highly correlated to the skill and talent of the biller. Most practice managers don't even want to think about the possibility that their in-house medical billers -whose jobs depend on special skills and training-may not be billing to derive maximum revenue. Or, if they are sure that their medical billers are top notch, they then have to worry about them leaving for more a higher paying position.

The many advantages of Medical Billing Outsourcing

These are just a few of the reason why it make sense to outsource medical billing and derive the main benefits: assurance that your billing is always being performed by experienced revenue-driven professionals and that your expense for billing is converted from a fixed expense to a variable expense based upon the volume of your business. Other advantages: never having to worry about training your own billers and the added time that you will save not having to support new or incompletely trained billers.

Save Money with Medical Billing Outsourcing

If you do medical billing in-house, you know that the salary of your biller is only 70-75% of the cost because you have to include payroll taxes, FICA and insurance. You also have your normal overhead costs of administering the work of your billers. Plus you have the problem of finding replacement billers for sick days and vacations.

When you outsource your medical billing with PHR, you pay only one bill a month based on a modest percentage of your billing. (Even though we have been in business since 1997 and currently help over 60 practices we still charge a free that is well below the national average). - And that's it. All other expenses are included; we even pay for your overnight mail for shipping your demographics.

Outsourcing can help you grow

As your practice grows you have another challenge to profitability. Your in-house biller can only do follow-up a limited number of claims. Once you get to this point, your receivables tend to drop as a percent of your overall billing. The remedy is to hire another biller but the downside here is that now your overall profitability will drop because of the added staffing expense. This is a problem can be eliminated by outsourcing your medical billing.

The Dark Secret of Medical Billing

Follow-up is key and many medical practices don't do enough follow up Approximately 40 percent of all claims are DENIED by the insurance company. It is good business for insurance companies to deny your claim. If your practice does not have the time or the skill to appeal claims (follow up) in a timely fashion the process stops there. You will never collect on these claims. Amazingly, 50% of all denied claims are never appealed! This translates to leaving 20% of your billables on the table! This is bad business. A better strategy is to have your medical billing company do the follow up for you. This will save you time and increase your revenues.

Learn more about Medical Billing Outsourcing

If you outsource your practice's medical billing your will increase your revenues, lower your overhead and operate more productively. For a free consultation of how medical billing outsourcing can work for you please call, email or complete this form. Make yourself a promise to call us at 877-877-6900 or to fill out the following form

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For more infrormation or to schedule an appointment please contact us via email at marla@phr400.com or call us at 877-877-6900 from 8:00 AM to 6:00 PM EST, Monday through Friday.

Preferred Health Resources
503 Airport Executive Park
Suite 5
Nanuet, NY 10954

Phone: 877-877-6900
Fax: 845-356-5312

Email Address: marla@phr400.com