Medical Billing Outsourcing & Why India Can be the Best Option to Consider
Whether you are a startup in the healthcare domain with a multitude of services to serve the patients, you have already heavily invested in many things. Things like infrastructure, equipment, staff training, and many other resources which will eventually keep running your business at a good pace.
Even if you are not a startup, being a thriving practice, your in-house departments cannot complete a few processes that require a lot of human power, dedication, and investment.
One of the departments in a medical practice is your finance department, which needs to be up and running every minute of the hour. Imagine yourself investing in your finance department a special team of accountants, reviewers, and auditors. Imagine how much they will cost your practice.
Tired of calculating? There is an ethical way to reduce those costs which helps you in focusing on your practice rather than wondering how you’ll be handling these operations.
Medical billing outsourcing
Many practices around the world handle their billing operations with their in-house staff. With an in-house team come so many complications which may affect your billing process. Some of them are delayed payments, minor errors, organization issues, etc.
Medical billing outsourcing has been a great way to achieve some of the wonderful benefits for the medical practice. It has been in and around for a while and now, companies across the world are inviting medical practices to let them handle their medical billing processes.
By outsourcing medical billing tasks, your practice can stay away from these normal stressors. Outsourcing your medical billing is the point at which your practice allows a committed organization to code and bill your practice. A trusted medical billing company will make use of your data and provide you with the professional expertise your practice always needed.
Currently, there are only a few countries in the world that have such kind of expertise and one of the names is India.
Yes, you heard it right.
India is a booming nation filled with coders, accountants that have special knowledge of the medical industry which is an ideal option for medical practices around the world to trust for outsourcing medical billing processes.
Why choose medical billing services in India?
Now that we know outsourcing medical billing is now a mainstream method, we should also know that medical billing services in India are chosen by almost every country in every continent.
Medical billing outsourcing India’ is a common phrase used by some of the top decision makers around the world when they observe common difficulties in their medical billing process.
The growing number of medical billing companies in India and the increasing trend of relying on an offshore outsourcing billing partner is by itself proof that medical billing outsourcing to India is a great choice.
Here are some reasons why practices around the world are choosing medical billing companies in India
1. Save costs, improve cashflow
Cost saving is the main reason behind opting for medical billing outsourcing companies in India. Outsourcing to an India based medical billing company saves overhead costs such as human resources, infra, salaries, software investments, etc. Outsourcing will also enhance the faster collection and consistent cash flow.
2. Quality Billing and Coding
With an offshore medical billing company, you get a team of experienced staff who can easily handle every aspect of your process that too productively. This will enhance the quality of your billing process and give you cleaner claims in a timely manner which will help you achieve maximized reimbursement.
3. Trained and Experienced Staff
Medical billers and coders from outsourced medical billing companies in India are known to be well prepared and all around experienced to deal with even complex cases easily. They guarantee to be refreshed with the steady changes and pass through domain specific assessment effectively to fulfill the quality guidelines. By taking the benefit of these experts for your billing cycle, you can simultaneously reduce your decrease rate and increase cash flow.
4. Benefit of the time difference
Indian Standard Time i.e. IST is way more ahead of almost every time zone. Indian Standard Time (IST) is almost 9 to 12 hours ahead of the time zones in the US.
This difference in time zone is the reason why outsourcing your medical billing services to India will complete all the tasks before the actual turnaround time.
5. Safety Regulations and HIPAA Compliance
We all know that outsourcing medical billing services will be safe and secure as they are known to follow and abide by all the required regulations, rules, and compliances. These compliances are known to protect PHI and handle every information shared by their end customers securely.
6. Improved Control and Better Access
With an exclusive offshore medical billing team handling your claims, you can still access all your claims and reports from wherever you are and whenever you need them. You stand a chance to get better control over your billing process and the outsourced till will be in contact with you whenever they have any doubts or concerns. Also, medical billing outsourcing to India will gift you with a reduction in turnaround time as experienced by many healthcare practitioners around the world.
What kinds of services can you expect when you avail of medical billing services in India?
Medical billing companies in India are well-known for providing the highest quality results and accuracy and eliminate the events of any kinds of losses.
Here is a list of services you can get from medical billing companies in India
- Eligibility Verification/Pre-Insurance Verification
- Medical Coding
- Charge Entry
- Claims Transmission
- Payment Posting
- Accounts Receivable Follow-Up / Insurance Follow-Up
- Denial Management
- Patient Follow-Up/Patient Statements
- Credit Balances
- Provider Enrolment and Credentialing
How to judge a medical billing company in India before you outsource your operations to them?
While we discussed the benefits of outsourcing medical billing and the types of services you can take, it is equally important to understand the company and invest in it wisely. Here are some questions you can ask before outsourcing your medical billing process…
Meet InfoHub Services
InfoHub Services, a leading medical billing services company in India can quickly provide a remedy for a “sickly” billing process if you have one in your practice. For the past decade, we are helping practices across the world concentrate on delivering quality healthcare!
Some of the reasons to fall in love with InfoHub Services are…
- Assured Accuracy
- Stringent Data Protection
- Swift Turnaround Time
- Differentiating Advantage
The primary thing we consider while providing our services is patient satisfaction. InfoHub Services will be the voice and face of your medical billing service, and we take our responsibility very seriously. We have always tried our best in maintaining the same consideration and care that your patients find with your healthcare consultation and treatment.
Are you ready to bring a difference in your practice with a professional medical billing company in India?
Let’s get connected for a quick consultation call which will cost you nothing but a few minutes from your busy schedule.
See if we can do the needful for you and let’s get started with your medical billing process.