Are you looking for Additional Medical Billing Support?
Posted by Ecareindia on November 19th, 2013
The constantly evolving changes in the US healthcare space has not only put pressure on the Providers, but also impacted medical billing companies greatly. To overcome the challenge, most US medical billing companies have started outsourcing at least some portion of their medical claims processing services to offshore medical billing companies. However, there are still a significant number of companies which are indecisive about outsourcing medical billing services to offshore medical billing companies. Seeking additional medical billing support has become imperative these days. Therefore, US medical claims processing companies must consider outsourcing medical billing to offshore medical billing companies in countries like India.
Affordable Care Act & ICD-10 Transition: Some of the US healthcare reforms that highly impacted Providers and US medical billing companies are undoubtedly the Affordable Care Act and ICD-10 implementation. Updating the translation and mapping techniques to current standards and adding over 200,000 codes to the existing code set has become the top priority. Therefore, medical coding services cannot be processed unless these changes are implemented. A huge amount of time will be consumed to implement these changes and train the staff in the new ICD-10 codes, affecting the normal work flow. Hence, outsourcing medical billing services to offshore medical billing companies will be the right decision.
Outsourcing Medical Billing Saves Money: On the economic front, Providers as well as the US medical billing companies are facing a tough time due to the HHS sequestration cuts. Effective from April 1, 2013, this payment reform has implemented a 2% deduction on all Medicare provider payments. This payment deduction reflects on the invoice amount of US medical billing companies. Therefore to balance this payment deduction, outsourcing medical billing will be the prudent choice as it can help US medical billing companies to save recruitment and training costs.
Outsourcing to Multiple Vendors: US medical billing companies that have a vast client base will find it hard to handle medical claims processing with just one offshore vendor. Moreover, AR can pile up invariably while US medical billing companies have a busy time implementing the healthcare changes. To manage the accumulated AR, it is essential that they partner with 2 or more offshore vendors that offer exceptional healthcare outsourcing services. The work will be completed on time and delivered, when it is split across multiple offshore vendors.
Choosing the right offshore medical billing company is highly important as partnering with an unreliable vendor can worsen the situation. Without a second thought, visit e-Care India (www.ecareindia.com), one of the reputed offshore medical billing companies in India that renders unsurpassed medical claims processing and medical coding services to its clients.
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 12 years of experience in the industry, e-Care’s offshore medical claims processing delivery centers have been providing end-to-end healthcare outsourcing services seamlessly to its clients. To know more about e-Care and its services, log on to www.ecareindia.com.
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About the AuthorEcareindia
Joined: June 20th, 2011
Articles Posted: 88
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