Why Outsource?

Managing a physician practice or other healthcare organization is growing more complex every day. Reimbursement rates are declining and operating costs are rising. Complicated payment systems, billing processes and compliance requirements can lead to decreased profit margins and slow collections. Leading healthcare organizations are mitigating these challenges by adopting outsourced revenue cycle management solutions.

MGMA estimates that 25% of potential revenue goes uncollected in many medical practices. Our solutions are designed to help clients capture this lost revenue.

“40% of claims that are denied on the first submission are never resubmitted.”

The benefits of outsourcing can be significant:

• Increases revenue generation and cash flow
• Enables healthcare providers to dedicate more time to caring for patients and less time on administrative tasks
• Decreases the rising administrative costs and bad debt associated with the complex billing and reimbursement landscape
• Allows for the opportunity to seamlessly integrate electronic health records and practice management technologies to improve workflow and efficiency
• Enables you to satisfy reporting  and other compliance requirements and mitigates liability exposure
• Provides access to industry expertise and knowledge to assist with the transition to ICD-10

“15% of each dollar spent on healthcare is used on the payment process.”