Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitability
sam-mi2013-02-27T10:59:00+00:00There are many myths in the medical billing industry. Which ones are guiding your practice decisions? Are they holding you back from optimizing your revenue cycle management? The number one myth out there is that keeping your medical coding, billing and collections practices in-house saves you money. In fact, outsourcing your revenue cycle management process can help avoid the following expenses incurred from in-house revenue cycle management (according to Outsourced Strategies International): Recruitment and training of additional billing personnel Providing periodic training to staff Maintaining innovative structure and advanced technology Purchase of hardware and the latest billing software Payment of employee [...]