One of the biggest decisions doctors make when running their practice is whether or not they should outsource their medical billing. Your revenue and cash flow depend on efficient billing, so it is a decision you want to get right. At Skyline Medical Billing Management, we simplify billing management for your Prescott practice.
Here’s how we do it:
When you are first starting out, keeping overhead down is vital for long-term sustainability. Outsourcing allows you to keep your staff to a minimum, so you can keep salary and benefit expenses as low as possible. If your practice grows rapidly, you will not need to spend time hiring or managing more staff, so your business can scale quickly.
Not only does in-house billing require extra time to manage staff, but it is also much harder to obtain analytics for the work that is being done. When you outsource, you should receive performance reports automatically or on request. This kind of reporting allows you to quickly and easily see the efficiency of your billing, an ability few small practices have.
Consistency and Reliability
An outsourcing agency will be required to perform certain services for you with a measured level of success. This means you can count on them to get the job done consistently. Additionally, you do not have to worry about employees calling in sick or taking a vacation. This saves you the time of rearranging schedules, but more importantly you can trust that the billing will be completed in a timely manner.
There are many factors to take into consideration when deciding how to manage your medical billing, but you can see outsourcing helps simplify the process. If you are opening a new practice in Prescott or if you need a reliable, low-cost billing option, outsourcing may be right for you. Call Skyline Medical Billing Management at 928-227-1167 to start saving.