Can a Billing Partner Help Improve Your Revenue
Increasing the number of new patients while retaining current patients is vital to the success of any physician’s practice. But, unless that practice receives steady, profitable cash flows throughout most revenue cycles, they may be unable to stay operational. Even before the COVID-19 pandemic, the dilemma of whether to do in-house medical billing or outsource medical billing beleaguered many physician-owned practices. Now that the healthcare industry is inundated with COVID patients and people suffering long-COVID symptoms, physicians are discovering the numerous benefits of relying on billing partners. According to Grand View Research, the Billing Supervisor market is expected to exceed $19 billion by 2026. That’s a nearly 12 percent annual growth rate! HOW CAN A BILLING PARTNER IMPROVE MEDICAL REVENUE? Ensures Accurately Coded Claims What is fueling this rush by physicians to find the best medical billing partner they can depend on for superior service? One of the leading reason