Outsourcing Medical Coding and Billing: A Cost Saving Option

The medical practitioners can improve their efficiency and concentrate on providing

superior healthcare services to patient, if they outsource medical coding billing task to service provider. It is used to hand over the responsibility of document management and billing task to outside. This serve both benefit to you, savings of time that is spent for benefit of the patients and huge savings on the cost.

If you think to have in-house medical coding and billing division, you must have to think on the cost factory. On an average, a skilled medical coder or biller costs $13 to $16 per hours in United States. It is one single cost but you have to add the cost of setting up computers and software. You also have to allocate the office space that is a huge capital cost!

Now, have a look at other side. If you outsource, there is no need to spend for computers and software as well as the office space. The price varies as you choose the country to outsource the task. If you choose India for medical coding and billing services, you can surly save more than 40% on the cost. This huge cost savings helps to save millions of dollars of clinics or hospital.

If you want to calculate annually, the expert may cost $37,000 while you can get same service from outsourcing company at very low cost that is equal to 2% of total claim reimbursement. You can easily evaluate the cost in both situations. You will see the drastic cost cutting if you go with outsourcing medical coding and billing.

Medical coding and billing services is performed through the internet. The billing and coding company setup Virtual Private Network and a special application that is used by hospitals. They define the access level for coder/billers for documenting. The insurance claims are processed by authenticated biller.

This option is within HIPAA guideline because you are managing the patient's confidential documents within the special application that is used by hospitals or clinics. It is not just benefit of outsourcing medical coding and billing requirement. You can also decrease the time frame of coding and billing. So outsourcing of such task can save cost, time without disturbing the confidentiality.

Outsourcing Medical Coding and Billing: A Cost Saving Option

By: Ray Charles

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