Considering the advantages of hiring a physical therapy billing service? No doubt, there are many benefits to both handling billing in-house as well as outsourcing. If you are currently managing billing services in-house, you have more control over the billing process. However, you also are putting your business at risk for more liability as well.
Staff members juggling multiple duties can find themselves trying to balance other tasks with billing services. This can increase the risk of billing errors or slow down turnaround time.
Keeping billing services in-house also means a commitment to staying on top of billing and coding changes and updates. It can also require additional time, expensive software, computers and additional staff, which also means paying out additional salary and benefits.
Deciding to hire a physical therapy billing service can decrease your liability risk and increase the amount of money coming into your practice affecting the bottom line. Plus, there are many other advantages as well.
Advantages of Hiring A Physical Therapy Billing Service
Dedication to staying up-to-date on latest coding changes
We stay up to date on the latest coding changes so that you don’t have to. This frees you up to do what you do best: managing your practice and providing excellent patient care. Having someone dedicated to learning the latest coding changes, means less chance for errors in the billing process.
Focused and experienced in the field
Having a billing service with experience in your industry can make all the difference when it comes to billing success. Someone that is familiar with services provided for physical therapy, will know to submit all possible codes for billing that your practice would be entitled to for service.
While there are costs associated with hiring a billing service, those costs can often be dramatically less than taking on the costs associated with keeping billing in-house. Keeping billing services in-house also means paying out additional salary, benefits, costs of education to stay on top of coding updates and regulations, as well as equipment and software needed for the services.
Allows you to focus on what you do best
Outsourcing your billing services allows you to focus on doing what you do best: providing excellent patient care. You have enough on your plate managing your practice, managing your staff and caring for patients. Allow a physical therapy billing service, like Contact Billing to assist you with the rest.
Streamlined billing operations
We have developed a physical therapy billing service that works and have streamlined it over the years. So hiring us means that you get the benefit of an already up and running, streamlined billing operation. You don’t have to reinvent the wheel. We’ve already done it for you and will be happy to help.
Although you may have been diligent in the hiring process and you may have many employees on your staff you can trust, the most common embezzlement is by employees and can happen in your accounting or billing departments. Embezzlement is a crime that may not just simply hurt your business financially, but has the possibility of forcing it into bankruptcy. Outsourcing your billing services reduces your risk of financial liability that could otherwise have a devastating impact on your business.
The advantages of hiring a physical therapy billing service can often outweigh the loss of control you may initially feel by not keeping billing in-house. Reducing worry, streamlining processes and offloading the liability may all be reasons for you to consider hiring Contact Billing for your physical therapy billing services. To get started, contact us today.