On the surface, keeping billing in-house may seem cheaper than outsourcing. After all, you’re already paying staff—why pay another company? But when you look deeper, the costs of in-house billing add up fast.
The Hidden Costs of In-House Billing
• Staff Time: Every denied claim requires follow-up calls, resubmissions, and hours of effort. That’s time your staff could spend on patients.
• Errors and Delays: A single coding mistake or missed deadline can cost hundreds—or even thousands—in lost revenue.
• Turnover: Training and replacing billing staff drains resources. Each departure disrupts your collections process.
• Technology Costs: Billing software, clearinghouse fees, and compliance tools add up quickly.
Why Outsourcing Makes Sense
When you outsource billing to a company that specializes in podiatry, you gain: – Expertise: Professionals who know podiatry coding, modifiers, and payer quirks.
– Consistency: No more disruptions from staff turnover or absences.
– Higher Collections: Industry benchmarks show that specialized billing services collect a higher percentage of revenue than most in-house teams.
– Compliance Support: Outsourced teams stay on top of changing rules, keeping your practice safe from audits.
A Step Above Health Mgmt: Your Billing Partner
We take billing off your plate so your practice can focus on growth and patient care. With our podiatry specific knowledge, we reduce denials, increase collections, and provide reporting that keeps you in control of your revenue cycle.
Pro Tip: Compare your collections rate with the industry standard of 95%+. If you’re below that, outsourcing is likely to pay for itself—and then some.
