Why Outsource?
Medical and Dental practices need to focus on patient care. Outsourcing to an experienced company such as XCEL Medical Solutions will relieve you from managing the revenue stream of your practice. It also makes financial sense, as a professional in-house biller costs you around $50,000 per annual year, while a third party team of billers and collectors comes at a fraction of this cost. According to the latest Black Book Survey, 50 to 60 % of practices are already considering outsourcing billing to a third- party entity.
Hiring a Local company
Working with a company that is local to your practice provides some attractive benefits. You have the option of having billing personnel on-site to support your team during implementation and when issues arise. Personal relationships often improve accountability as you will always have a key person to liaise with-in case there is a problem, and it’s easier to establish a personal relationship between your team and theirs. This option may appear more expensive because this service bundles both the billing labor and their software licensing.
