Medical Billing ? Importance of Due Diligence ProcessPosted by Ecareindia on September 19th, 2013 More than 15 years back, US medical billing companies realized that outsourcing a part of their billing functions to offshore medical billing vendors can be beneficial. With the offshore vendors’ assistance, US medical billing companies can easily face billing complexities, sophisticated technology upgrades, and compliance issues while also bringing down the cost of Operations without compromise in quality of work. However, such benefits can be enjoyed only if they partner with the right offshore vendors. In order to partner with the best offshore medical billing vendors, a US medical billing company must first carry out what is called the ‘Due Diligence Process’. Let us deliberate on this topic further: Definition: Due Diligence process is a kind of research performed by US medical billing companies to check on the background status of offshore vendors with whom they plan to work with. Steps involved in the Due Diligence Process:
In case, a US medical billing company fails to carry out the Due Diligence process, then the results might directly impact its revenue cycle management. As in the US, there are many small start-ups (‘mom and pop’ shops) that claim a high level of medical billing expertise in this domain but lack even the basic infrastructure or staff to handle the flow of work. Therefore, it is highly advisable that US medical billing companies perform Due Diligence analyses and hire reliable, high-performing offshore vendors like eCare India, which is both ISO 27001:2005 for Information Security and Management Systems and ISO 9001:2008 certified for its processes and is HIPAA compliant. About e-Care India: e-Care India is one of the renowned medical billing companies in India that promises the above mentioned benefits with total customer satisfaction. With 13 years of experience in the industry with more than 950 people, e-Care’s three offshore medical billing delivery centers have been providing end-to-end medical billing services seamlessly to its clients. To know more about e-Care and its services, log on to http://www.ecareindia.com Like it? Share it!More by this author |