Why Outsource Your Billing?
To save you time, money and increase your revenue.
Physicians throughout the United States are discovering the key to a successful medical practice: specialize in what you do best; delivering great patient care, and outsource administrative activities such as medical billing, accounts receivables management and collections to a company that specializes in those areas.
If you do your medical billing internally, your salary is typically only about 65-75% of your employee cost when you figure in payroll taxes, FICA and insurance. Outsourcing can save you 30 to 40 percent. You will no longer be paying for things like:
- Employee Salary
- Employee benefits
- Workers Compensation
- Healthcare insurance
- 401 K contributions
- Performance bonus
- Vacation /sick leave
- Computer software purchase, maintenance and support fees
- Clearinghouse fees
- Stationary / office supply expenses
- Training of Staff and software program
According to the American Medical Association, practices loose thousands each year due to untimely filing, improper coding and inexperienced staff. Medical insurers are always looking for ways to slow down making payment to you. Miscoded claims can cause your claims to be rejected or payments delayed significantly. At CMBS we have an experienced coding team that makes sure your claims are billed correctly the first time. Our staff will work like an extension of your staff to achieve the maximum reimbursement you deserve. No matter how busy your practice is there is always someone watching over the financial side. We work upon percentage, so If you do not get paid, we do not get paid. We have a high incentive of getting your claims paid within the quickest amount of time.