When it comes to podiatry billing, there are only two options: hire an in-house team, or outsource the job to a third-party company. Which road will you take? In this blog, Hippocratic Solutions will discuss the benefits of outsourcing your podiatry billing to a professional medical billing company. If you choose the right company for the job, outsourcing has the potential to save you money, free up time, and leave you with less to worry about on a day-to-day basis as the owner or manager of a podiatry clinic.
It’s less expensive.
Depending on the size and current state of your podiatry practice, outsourcing your medical billing could be a financially responsible decision. If you’re a brand new practice, you’ll have to spend thousands on equipment and employees to create your own in-house billing department. This can be expensive in terms of money and time — and if you experience a high turnover rate with billing employees, your in-house billing experiment could burn a hole in your wallet.
With outsourced podiatry billing, you’ll never have to worry about training or retaining employees. Highly seasoned medical billing professionals will use the most up-to-date processes and software to collect on balances, process claims, and manage your entire billing database for you. No need to pay for employee benefits or deal with hiring — outsourced medical billing services take care all your billing needs for you.
If you need comprehensive performance reports from your in-house billing department, you might have to do some teaching or micromanaging to get them. This just isn’t the case when you use a podiatry billing company. To be successful and sustainable, third-party billing companies must be transparent — which is why they often release monthly performance reports or reports by request. Medical billing companies often find more insights into your billing operations than an in-house team could — no nagging or micromanaging required.
Outsourced podiatry medical billing companies are expected to perform a specific set of duties, and to do them well all the time. For example, they’ll need to appeal denials with a certain level of success. No matter what specialized billing company you choose, they should be able to do the job well all the time.
Some might argue that having control is better than not having control. However, when it comes to medical billing, it might be worth it to leave it to someone else. You have more than enough to worry about when running a podiatry clinic — your patients, your finances, your podiatrists, and your medical equipment, among other things. Do you really want to worry about a billing department and claims processing? Outsourcing highly technical jobs to highly trained experts frees up more time and money for you to worry about what matters the most to you and your practice — and that might be the most valuable asset for your practice’s success in the short- and long-term.
Choose The Podiatry Billing Professionals
Hippocratic Solutions is your preferred partner for outsourced podiatry billing, giving you less legwork and more money to run your clinic the right way. Using time-saving podiatry billing software, Hippocratic Solutions allows you to grow your practice by putting your billing in good hands. Don’t wait — contact us to speak with an expert today.