When To Outsource Medical Billing?

1
When To Outsource Medical Billing?

• www.vozo.xyz

2
Introduction

• Outsourcing medical billing is one of the
  important difficult decisions for physicians
  today.
• For successful practice growth, healthcare
  providers need to focus more on their patients
  and treatment plans rather than managing their
  medical billing process.

3
5 Signs You Practice Need To Outsource Medical
Billing
4
1. When You Have A high staff turnover

• Staff turnaround is often high for a medical
  billing department and the training staff can
  lead to the loss of many resources at your
  practice.
• So if you have experienced staff turnover in your
  medical billing department, then its the right
  time to look at a medical billing service rather
  than training new employees.

5
2. When You Face Patient Payment Problems

• Accurate patient payments at the time of care
  offer various benefits
• Reducing back-end collection costs and medical
  billing cost
• Increasing cash flow
• Decreasing the administrative burdens of tracking
  
• Writing off bad patient debt
• Managing the practice revenue growth from patient
  payments.

6
3. A lack of advanced technology Usage

• Apart from buying and regularly updating the
  software, you also have to provide the necessary
  training to your billing staff.
• So if you dont want your practice and
  administrative staff to waste time with the
  software upgrades and technical issues, then
  think about outsourcing the medical billing
  process.

7
4. When You Are Not Prepared For ICD-10. 

• When implementing the phases of ICD-10, youll
  need proper training and changes to your
  processes to ensure you meet regulations.
• By outsourcing your medical billing, they will
  handle everything with ICD 10 implementation and
  save you the work and expense. 

8
5. If You Are New To The Healthcare Field

• As people are started looking for value-based
  care instead of the service fee, your first
  preference should be your patients apart from
  the practice management.
• So outsourcing your entire medical billing
  process will reduce your administrative burden,
  billing errors, and denial rates.

9
Benefits of Outsourcing Medical Billing Service

• Outsourcing accelerates cash flow
• Reduces medical billing errors
• Improves patient satisfaction
• Helps to stay current with the industry standards
• Improves clean claims
• Reduces training cost
• Increases practice revenue
• Ensure compliance

10
Vozo Medical billing

• Vozo medical billing software helps you to boost
  your collections by leveraging best practices.
• With perfect claims submission and management,
  auto-eligibility checks, and integrated
  clearinghouse VOZO billing software enables you
  to get paid quickly and accurately.

11
Vozo medical billing software features

• Accurate claim submission
• Secure patient payment processing
• Real-time performance reporting
• Automated medical scheduling
• Automatic payment posting
• Insurance eligibility check
• Online check-in
• Denial management

12

• Read More About Medical Billing News
• _at_
• Vozo Blog

13
Vozo Medical Billing Software

• Contact us
• Vozo
• 42240 Mason Ridge Ct, Brambleton, VA 20148
• 571.213.3245
• https//vozo.xyz