Managing revenue for a medical practice in Raleigh is a labor-intensive task. The key is an eye for detail and an ability to make the right decisions.

Is outsourcing medical billing a good idea?

The most important part of the revenue cycle is medical billing. Having a competent and reliable medical billing company can help you maximize your practice’s income. A good medical billing in raleigh service can increase your total billings by up to 10%.

Outsourced services can save you time, improve your bill accuracy and avoid headaches. They also can streamline your workflow. They can provide you with the medical coding input that will help you to submit clean claims.

Aside from billing, you may also want to consider the other side of the medical pond: taxing work. Outsourced providers can handle data entry, claim submissions, and follow up on delinquent customers. This can help you focus on your patients.

The best way to find the most cost-effective solution is to compare the average fees charged by several medical billing companies. The fees vary between 4.17% and 9.01% of net collections. It’s also worth noting that the fees charged for hiring a certified medical coder are quite hefty.

The medical billing and coding industries in Raleigh, NC have a thriving population of professionals. The Bureau of Labor Statistics (BLS) estimates that 27,000 new jobs will be needed in this field by 2026. A large percentage of these positions are in health care. It’s no wonder that the profession is a growing one.