As a physician-owner of your own private practice or executive of a health system, you might focus primarily on providing top-notch care and secondarily on making money. You need to bring in a profit to keep the clinic’s doors open and continue your patients’ healthcare.
However, you might find it challenging to pay in-house medical coding staff because you have to pay them by the hour whether there are charts to code or not. Instead, you may save money when you use an option like one of the offshore medical coding companies that services clinics like yours. You can decide if this option is best for you by considering the benefits of single-source medical coding.
One of the main reasons you may invest in this option involves saving money for your practice. It can cost you tens of thousands of dollars each year, if not more, to pay salaries or wages, as well as offer benefits, to full-time medical coding staff. You may not want to take this money out of your operating budget, particularly if you have challenges making a profit each year.
You can pay by-the-service for outsourcing your coding services to one of the offshore medical coding companies. You may save thousands of dollars per year.
You can find out more about the benefits of single-source medical coding online. Visit GeBBS Healthcare Solutions to get more information on this option today.