A Detailed Guide On Medical Billing Outsourcing

1
A Detailed Guide On Medical Billing Outsourcing
HTTPS//WWW.247MEDICALBILLINGSERVICES.COM/
2
A Detailed Guide On Medical Billing Outsourcing
Gone are the days when the organizations used to
rely on their in-house employees as the people
driving the businesss success, and the same is
the story for medical practices. Despite their
talent, capability, and skills, they often fall
short in managing the time and keeping up-to-date
with the frequent changes in the healthcare
industry, mainly the medical billing and coding
system. Hence, a comprehensive plan for the
practice must be put in place to warrant the
successful financial growth of the organization.
One of the best ways to ensure that efficient and
effective medical billing processing is done with
the assurance of 100 reimbursement is by
outsourcing medical billing and coding.  However,
the idea of giving the responsibility by the
practices of such an integral part of the
healthcare system to an off-shore medical billing
and coding company can be pretty daunting. But if
you follow this detailed guide on why and how
to outsource medical billing properly to a third
party, you can definitely ensure the financial
health of your practice with other benefits. 
HTTPS//WWW.247MEDICALBILLINGSERVICES.COM/
3
A Detailed Guide On Medical Billing Outsourcing
Medical Billing Outsourcing A Percentage
Pricing Model  When a medical practice considers
outsource medical billing and collection, the
percentage pricing model becomes an area of
concern.  The core reason behind such concern is
that the practice is already dependent on their
in-house staff for all the medical billing and
collection activities they often fail to
understand the model of success fee and its
benefits. The other concern that plagues the
practice when considering the percentage pricing
model is the knowledge of the covered services
for medical billing and coding.  Here is a
comprehensive guide on the percentage pricing
model and services covered.  What Is the
Percentage Pricing Model? The model is also
referred as the success fee model because the
outsourced company gets a percentage from the
successful collection they have made. The
collection generally includes a portion from the
gross collection of payments received from
payers, patients, and self-pay categories. 
HTTPS//WWW.247MEDICALBILLINGSERVICES.COM/
4
A Detailed Guide On Medical Billing Outsourcing

• Services Covered
• Typically the changes between different
  outsourcing medical billing and coding companies
  occur from the point of view of the services
  covered. In most cases, the services that are
  covered include
• Revenue cycle management, under which the
  following services will be processed
• Demographic entry 
• Coding
• Charge entry 
• Claims transmission
• Taking care of transmission rejection 
• Payment posting 
• Denials management 
• AR follow-up 
• Credentialing 
• Insurance benefit verification 
• Patient calling

HTTPS//WWW.247MEDICALBILLINGSERVICES.COM/
5
A Detailed Guide On Medical Billing Outsourcing
24/7 Medical Billing Services- The Expert in
Medical Billing! 24/7 Medical Billing Services
has to spend 14 years tailoring the medical
billing and coding services with a pool of
talented and experienced teams. We ensure that
our experts can assist in outsourcing medical
billing and maximize the potential of the
management while retaining more revenue.  As a
medical billing outsourced company with work with
most EHR and provide a holistic billing service.
Moreover, depending on the practice and the
requirement, we offer our services, ranging from
complete revenue cycle management to putting the
practice on track or helping them with contract
management and credentialing.  24/7 Medical
Billing Services is dedicated to empowering your
medical practice no matter what the service is,
so why not benefit from our knowledge and scale
your business and make it future-ready. To know
more, contact us today. 
HTTPS//WWW.247MEDICALBILLINGSERVICES.COM/
6
A Detailed Guide On Medical Billing Outsourcing
Media Contact 24/7 Medical Billing
Services Georgia 3001 Greenfield Drive, Marietta
GA Ohio 28405 Osborn Road, Cleveland, OH
4414030068 Texas 2028 E Ben White Blvd,
240-1030 Austin TX, 78741 Delaware 16192
Coastal Highway, Lewes, Delaware 19958, United
States Phone no / Fax [phone]
Email us info_at_247medicalbillin
gservices.com
HTTPS//WWW.247MEDICALBILLINGSERVICES.COM/