The healthcare outsourcing domain has witnessed a massive amount of changes in recent times. The HIPAA 5010 platform adoption and the proposed migration from ICD-9 to ICD-10 codes are some of the important changes that revolutionized the domain. These changes had/will have a big impact on the medical billing companies as they have to update everything right from the technology to the rules framework. To be competitive enough in this highly volatile environment, a medical billing company should not only depend on its own abilities, but also get help from offshore medical billing companies. The immediate question that arises in everyone’s mind is – Is my company competitive enough? The following sections will give you the answer,
Quiz What Others Do: The first thing that you ought to consider is quiz what your business competitors do to be competitive enough in the domain. Almost one third of the total medical billing companies subcontract a part of their medical billing and coding services to offshore vendors. The reality is that this one third is actually the medium to large billing companies who are your direct competition. The prudent choice to give a tough competition to them is undoubtedly outsourcing a part of medical billing services to offshore vendors.
Work done Without a Hitch: Like how outsourcing is significant, having tie-ups with two to three vendors is equally important. This way you can complete the work without any problems. Moreover, you can deliver the output to your client as promised or even before the TAT expires. Natural calamities are one of the key challenges that most medical billing companies witness in day-to-day life. However, with subcontracting done to two or more vendors, business continuity makes sure that there is no holdup in work.
Acquire More Clients: By subcontracting medical coding and billing services to offshore medical billing companies, you can focus on expanding your client base. As you acquire more and more clients, you will gain a respectable position in your locality. In addition, you can also pose a tough competition to your competing medical billing companies that have good ranking in the domain.
About e-Care India:
e-Care India is one of the renowned medical billing companies in India that promises the above mentioned benefits with total customer satisfaction. With 12 years of experience in the industry, e-Care’s offshore medical billing delivery centers have been providing end-to-end medical & physician billingservices seamlessly to its clients. To know more about e-Care and its services, log on to www.ecareindia.com.
Medical Billing – Are you Competitive Enough?