If your practice is looking to switch from in-house billing to a medical billing service, you’re not alone: the 2015 Black Book User Study found that 85% of participating small- and medium-sized physician practices are evaluating making the same change by 2017.
Drivers of this trend include concerns about decreasing reimbursement and collection rates; lack of in-house expertise to adapt to payment model change; and the opportunity to upgrade to more functional, integrated technology.
Selecting the right medical billing partner for your practice can be a path to addressing all of these challenges with a single decision. Practices can significantly improve profitability by outsourcing their billing to a well-chosen service – and the effect can be almost immediate. But choosing wisely is essential.