Growing medical practices will face a decision when it comes to how to manage their medical billing. They can control it in-house or outsource it to a medical billing company. This article will briefly look at both.
Keeping medical billing in-house allows doctors to have more control over the billing because of their proximity to it. It’s cheaper to use in-house medical billers, and doctors can tweak the way it’s done to best suit their practice.
Outsourcing is more cost-effective than training and managing an in-house medical billing staff. While the doctor loses oversight, if they hire a good firm then they have fewer responsibilities. There’s no need to deal with billing issues and the problems they can create.
Outsourcing also gets rid of staffing issues. If a trained medical biller quits, the doctor needs to find, hire, and train someone else. A medical billing company has the resources and time to focus entirely on this. If someone quits, they have another person trained to take over.
Ultimately, it is up to the doctor to decide which option suits their practice best. There are pros and cons to be weight for each, and a lot of research needs to be done to come up with the best choice, as outsourcing can be expensive.