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Inhouse Medical Billing Vs Outsourcing Medical Billing Process – A Comparison for Medical Practices

Isn't medical billing one of the most time-consuming and frustrating tasks, draining your resources and taking your focus away from patient care?

To keep your practice running smoothly, you need:

  • An accountant for finances
  • A lawyer for legal issues
  • An expert to stay updated on medical billing procedures
  • An IT technician for equipment
  • An assistant for patient data and insurance info
  • A specialist to handle insurance denials and reduce unpaid claims

Imagine the costs of hiring all these people. Have you ever wondered why your denial rate doesn't go down or why so much of your revenue is stuck in the reimbursement process?

Benefits of Outsourcing Medical Billing:

AltuMED offers real-time, integrated solutions for all your billing needs. We help improve your practice by letting you focus on patient care. We are HIPAA Compliant and a certified MIPS registry. Our experts work with you to build your brand, train you on service gaps, and advise you on quality care. We understand healthcare codes and standards and keep you in compliance.

Fast Revenue Recovery:

A dedicated billing company sends claims more accurately and quickly than an in-house team. This means more claims are paid and at higher amounts.

Easy and Efficient Recordkeeping:

Outsourcing makes recordkeeping and filing easier. Many practices struggle with organizing files, especially with file digitization.

Reduced Office Operational and Management Costs:

Outsourcing simplifies office management:

  • Less staff to manage
  • Less payroll data
  • Less space and technology needed
  • Fewer interdepartmental issues

How AltuMED Can Help!

AltuMED optimizes your billing and administrative processes to the latest CMS standards. Our services and software are HIPAA compliant. We offer hassle-free digital medical billing from patient scheduling to payment and follow-up. Our support services include MIPS consulting, credentialing, billing audits, and medical coding. We stay ahead of industry changes with a proactive approach.

Quality Control:

Our quality control measures improve workflow continuously. Our experts conduct random billing audits and track claim submissions, denials, and reversals. We focus on clean claim submissions and reducing AR days to 120 or less. Our goal is to help your practice excel.

AltuMED makes your practice cost-effective, efficient, and transparent. We aim to reduce denials to 2.4%, so you can focus 100% on your patients.

List of Services AltuMED Offers:

AltuMED is a Medical Billing and Software Company that understands the importance of Value Based Care Model. Have a look at our Medical Billing Services or contact us to find out more

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