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Our Affiliates TS4MO (Technology Solutions 4 the Medical Office) - PO Box 2383 - Renton, WA 98056 - Copyright © 2006
Medical Billing Service
The KEY success factor for managing a healthy profitable practice -
Choosing the right solutions for your practice.
Choosing the right solutions for your practice.
Do What You Do Best
Then Outsource
The Rest!
Then Outsource
The Rest!
Why Outsource? 10 Reasons
[Simplicity]
[Access More Resources]
[Performance]
[Staffing Concerns]
[System Benefits]
[Cost Effectiveness]
[Scalability]
[Control]
[Training Issues]
[Intangibles]
1. Continuous clean claim submission.
2. Fast and accurate charge entry.
3. Electronic claims to most payers.
4. Secondary and tertiary billing.
5. Insurance and patient payment posting.
6. Aggressive A/R collections.
7. Appeals of denied claims.
8. Statistical reporting.
9. Excellent Customer Service.
10. Reliable experience you can count on!
2. Fast and accurate charge entry.
3. Electronic claims to most payers.
4. Secondary and tertiary billing.
5. Insurance and patient payment posting.
6. Aggressive A/R collections.
7. Appeals of denied claims.
8. Statistical reporting.
9. Excellent Customer Service.
10. Reliable experience you can count on!
The Tangibles:
- The expense of your billing department
employee salaries, add 20%-30% benefit
package, and an additional $3000-$5000
per occurrence for HR and training.
- The cost of your practice management
software, licensing, support, and hardware.
- Billing costs such as office supplies,
clearinghouse fees, etc
The Intangibles:
- Some studies show that improperly run billing
departments cost revenue loss of 30% or even
greater!
- It is reported that almost 60% of in-house
billing staff do not review the EOB's
(Explanation of Benefits) for correct payment
and rejected claims.
- Reportedly over half in-house staff have never
appealed a denied claim.
- The expense of your billing department
employee salaries, add 20%-30% benefit
package, and an additional $3000-$5000
per occurrence for HR and training.
- The cost of your practice management
software, licensing, support, and hardware.
- Billing costs such as office supplies,
clearinghouse fees, etc
The Intangibles:
- Some studies show that improperly run billing
departments cost revenue loss of 30% or even
greater!
- It is reported that almost 60% of in-house
billing staff do not review the EOB's
(Explanation of Benefits) for correct payment
and rejected claims.
- Reportedly over half in-house staff have never
appealed a denied claim.
Ownership VS: Outsource
