CureCloudMD offers the most cost-effective molecular medical billing services and reduce your aging account receivables days for improved collections. So not only you can increase your cost-savings but also improve your financial capability and boost your business productivity.
Some pathologists assume that it hiring office-based employees to execute billing and coding operations is less expensive than partnering with a billing agency. However, if I break down the expenses of an in-house medical billing department and compare it with the cost that you have to pay to CureCloudMD in order to outsource medical billing services then you can get a clear picture for cost-analysis.
Expenses of in-house medical billing deparment include the following:
● Salaries of medical billers, coders, account receivable recovery specialists, and other office staff.
● Appraisals, annual bonuses and paid holidays of office-based employees.
● If your employee wants to take a leave then you have to dedicated another employee as a substitute. It will not only increase the work-load of the substitute employee but you might also have to pay overtime bonus.
● You have to set up a workstation of individual employee which includes the expenses of hardware, networking and software subscription if it charges for every single user.
● Electricity and utility bills.
● You have to constantly invest a capital amount to provide training to your office-based employees to acquaint them with ever changing medical codes, billing standards and legilative regulations.
● You also have to invest in searching, hiring and onboarding medical billers and coders to meet the growing needs of your business with the passage of time.
On the other hand, when you outsource pathology billing services to CureCloudMD then we only charge a fixed percentage (Based on your practice’s size and number of claims) from the revenue that we collect on your behalf after filing your claims. Moreover, we don’t charge any hidden or extra charges.
Our medical billing specialists follow a flexible approach and don’t ask you to set up a new IT infrastructure or make any changes with your existing practice management system except eliminating loopholes. We organize your existing resources to improve your workflow and streamline your business operations.
We also monitor the progress of your healthcare revenue cycle management system and expand our team to fulfill the growing staffing needs of your practice without any extra charges. In this way, you can get cost-effective and business-friendly pathology billing solutions from CureCloudMD at the best prices.