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Should Long-Term Care Facilities Outsource Compliance?

If long-term care (LTC) facilities want to save a bundle and ensure compliance with federal regulations, the answer is obvious. On Dec. 24, 2003, the Securities and Exchange Commission (SEC) promulgated new investment compliance rules. Pursuant to these rules, effective Oct. 24, 2004, investment companies and investment advisers are required to adopt written compliance procedures, […]

The post Should Long-Term Care Facilities Outsource Compliance? appeared first on AAPC Knowledge Center.

AAPC Knowledge Center

4 Main Reasons Why Physicians Should Outsource Medical Billing

1.To stop losing focus on core business: For doctors, the responsibility in their side is to save the patients life. No doctor is too idle to concentrate more on administrative or back office work. Thats why they miss out on medical billing at times.

We see that most of the doctors keep running and they do not find time to maintain the work life balance! How many doctors skip their meal to attend long hour operations?

For any business, including medical billing it is always good that the business is perfectly well defined and task delegated to respective people or companies. This helps smooth functioning of business and the firm can focus on the core activities of business which is the prime goal.

Why should a physician be questioned for wrong medical billing? Bizarre isnt it?

2.Multitasking not always possible: Multitasking can be effective only when the task is inter-related. A transaction processor working with various applications simultaneously is effective since it is the part of the process. But in case of physicians, they cannot work with a computer whilst operating a patient. Moreover, another task is ready even before leaving the operation theatre. It is true! Doctors work on schedule. So it is difficult for them to concentrate on the medical billing task which needs proper process and regular follow-ups with insurance companies.

3.Relief from the medical billing mess:. At times billing or coding goes wrong which would spoil the whole process. This happens because there are lots of changes happening in the medical billing field. There should be someone to monitor all these changes to update the process and organize error free medical billing. And, that could be an expert
4.medical billing company!

5.Cost saver: When the physicians stop worrying on the medical billing task and keep focusing on the patients, incredible time and cost is saved. What else would a dedicated physician need more than time?

Not only for these reasons, but also for a healthy hospital environment, medical billing outsourcing is inevitable!

Tanya Gill is the Public Relations Manager for ecare India based in Chennai, India. She has wide knowledge and experience in the medical industry. ecare India is a leading medical billing company offering end-end medical billing services and is backed by extensive domain expertise, latest technology and dynamic compliance norms. ecare is HIPAA compliant and is the first Indian medical billing company

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