Doctor is a very honorable, respected, but at the same time very responsible profession. Definitely, not everyone can work in this field. In addition to high professional knowledge and skills, a person must possess such purely human qualities as patience, compassion, comprehension and empathy. Doctor should always be ready to give up all his/her affairs and rush to fulfill their professional duty, he/she must be ready to fight for the life and health of the patient until the end. Moreover, doctor should be able to make very serious and responsible decisions in an extremely short period of time, because they deal with human lives, and there should be no mistakes made. Surely, this profession is not the easiest one: doctors constantly face stress and tension, sometimes even patients’ ungrateful attitude.
In addition to all the difficulties concerning treatments and procedures, there is another very important part of medical care providers’ routine – the billing. This is the process of submitting and following up on claims with health insurance companies. Its main aim is to receive revenue for the services rendered to patients. When it comes to billing all health care providers have two options: to keep it in-house or to outsource. What variant is the best – is the question for a very long dispute. Nowadays, there is a very valuable option – an opportunity to choose. It is possible to find, check and compare information about different companies, which offer premium medical billing services. For sure, when a provider has decided to cooperate with a third-party company to manage their claims, they want to get the best billing services and as a result increase their revenue and free time. On the contrary there still are people, who continue to manage their billing in-house due to different reasons. This may be because: they do not trust third-party companies, they want to keep their billing under control and such companies cannot provide such opportunity, unsatisfactory rates, etc. Outsourced, as well as in-house medical billing, possesses both pros and cons and these are the main factors which should be thought over when making the decision. Usually, medical care providers take into consideration: experience of a company in the field, the number of staff and specialties they cover, monthly rates, percentage of paid claims, the software they use, etc. Sometimes, for example in Manitoba, medical billing services do not demand their clients to use any software in order to manage clients’ claims. For some people this is a very convenient option as there is no need to fumble around with frustrating programs. Moreover, there should be high-end security of data transferring provided in order not to lose and keep safe medical care providers’ confidential information.
All in all, there are a lot of factors that physicians should take into consideration when deciding whether to keep their billing in-house or to use a third-party company for this purpose. Still if the option to outsource their paperwork is chosen the next and very important task is to decide which company to trust your work.