Advantages: Less
expensive than full-service billing services Avoid
the purchase of practice management software Creates
a system of checks and balances less
employees
Disadvantages: High
set up fees Low
accountability from the billing service Lack
of control Communication
Problems(all collection problems will
be blamed upon your office) Your
staff will still probably wind up doing
most of the work Completely
reliant upon the Internet Loss
of data HIPPA
issues
Full-service
Advantages: completely
remove the billing process from your
office symbiotic
relationship avoid
expensive computer system system
of checks and balances less
employees
Disadvantages: expensive loss
of control patient
relations collection
agency relationships
Should
I outsource my billing checklist:
If you answer yes to most of the following
questions then you should probably
consider outsourcing?
Is
your overall collection rate declining? Is
your accounts receivable too high? Are
you experiencing an increased number
of denied claims? Is
your overall frustration level regarding
your billing/business office very
high? Are
you facing a major capital investment
in new hardware or software? Are
your computer support fees to high? Are
you having a difficult time keeping
or hiring experienced billing staff? Are
you spending too much time on the
business aspect of medicine? Are
you concerned that your staff or office
manager has knowledge of your income? Are
you completely reliant upon your office
manager? Are
you planning to expand your practice? Do
you believe that your practices cost
structure is too high? Do
you have several employees performing
tasks that could be handled by a single
more experienced manager? Is
your computer system obsolete? Are
hardware, software, and information
technology disrupting the operation
of your practice?