As the name goes, “Third Party in Medical Billing” refers to the company that renders Billing Services to the provider, medical group, hospital or even a Billing Company. When the billing services are not handled by In-house staff of billers and coders and an outside staff is engaged to handle the same, then it is called Third Party Billing or Outsourced Billing. Considering to Outsource your Medical Billing can be a strenuous decision to make, however, understanding the pros and cons and understanding the benefits involved can help make the right choice. This article aims at clarifying who is the Third Party in Medical Billing, the services you can expect from them and how to analyze the benefits of Outsourcing.
Third Party Medical Billing and How to Analyze for the Best Partner?
- A Medical Billing Company who on a contracted basis can handle all your Billing and Revenue Cycle Management requirements.
- Most Medical Billing Services cover end-to-end Medical Billing services for almost all specialties or multi-specialty, however, it is advisable to cross-check if your niche of specialty is covered with adequate expertise.
- Apart from Medical Billing and Revenue Cycle Management Services, a well-established Billing Company can also provide extended support for Physician Credentialing, Indexing Medical Record, Practice Management Services, Review/Audit, Data Migration from one software to another, Clearing old AR, and many more.
- They are open to work on any platform with their experience handling the Medical Billing process for multiple clients; and they would also be able to provide a valuable suggestion for software or any related tool upgradation.
- Skilled and adept staffs are the primary reason why Medical Billing Companies are able to flourish and expand their reach. Research proves that Outsourcing Medical Billing has turned out to be the most chosen method in the past decade. Not to mentioned, the current predicament and the global pandemic have seen a striking increase of Third Party Medical Billing Services.
- An offshore-based third party billing services are cost-effective with time advantage. Offshore Outsourcing is no more a novel approach, however, the ongoing uncertainty has significantly drawn more Billing companies from the US opt-out for offshore Outsourcing to keep up their business goals.
About ecare India:
ecare is one of the top Medical Billing Companies in India providing end-to-end revenue cycle management services for more than 2 decades. With our experience and expertise, we service Billing Companies in the US, Medical Practice, Physician Groups, Individual practitioners with multi-specialty billing requirements. Our team of Billers and Coders are adept working with various EHR/EMR platforms and billing software. Over the years ecare has been successful in building up a huge clientele, of which many of them have been with us from the inception. Reach out to ecare with any third party billing-related questions and our dedicated staff would be glad to help. Call us today @ 813-666-0028 or visit our website: www.ecareindia.com