PROFESSIONAL BILLING DEPARTMENTS CAN SAVE MONEY AND IMPROVE RESULTS.
With the introduction of the PC, inside medical billing became affordable and more cost effective than manual billing. Today, the situation has changed again with medical billing requiring higher expenses and expertise for the same job. Now outsourcing your medical billing is the next step to remain cost effective and profitable. Are you getting the results of a large and highly trained billing department? If you suspect that your billing department could use some help, here are some reasons to consider moving your billing office to the professionals at InVantage Medical:
Share common expenses with other practices such as:
a. Computer IT management
b. Insurance formatting / claim submission protocol costs
c. Employee training and seminar costs
d. Equipment maintenance and repair costs
e. Printer expenses and replacement
Eliminate problems with billing employees
a. No worrying about a biller quitting and leaving you high and dry
b. No worrying about retraining a new biller
c. No worrying about the transition from one biller to the next
d. No worrying about buying new software to satisfy your biller
Improve management of your billing department
a. You will gain the expertise of managers that are too costly to hire on your own
b. Utilize billing specialization just like very large practices with our service that utilizes specialists for each area of the billing process.
Save expenses associated with inside billing including the space itself to house your billing department.
a. Re-direct a cost space to an income-producing space by eliminating billing personnel from your office
b. Eliminate new storage of billing paperwork to free up more office space
c. Save filing space and filing time, postage, supplies, and repairs.
5. Enhance your calm.
a. Eliminate patients overhearing employees arguing with insurance companies
b. Eliminate patient phone calls related to billing to free up phone lines for patient care
Predictable Billing Department Expense
For a predictable billing department monthly cost, you will no longer be surprised at the end of the month when expenses are out of line with income. Eliminate surprise expenses such as computer repairs and downtime, employee vacations and overtime, retraining expenses and seminar costs to name just a few. Let InVantage Medical have the headaches and leave the business of practicing medicine to the doctor and their qualified and caring staff.
“Even though they (InVantage) started
mid-way through the month, the total
receipts of my practice for August 2001
exceeded my previous monthly average
by over 25%.
Three out of the next four months to the end of the year
we increased revenue an average of 20%”.
J. Murad Haid, M.D.
Elko Diagnostic Imaging
Three out of the next four months to the end of the year
we increased revenue an average of 20%”.
