Why is it so important to verify benefits and eligibility of the insurance? Here's what you need to know.
The one question that looms large over your sky at this point is this: ‘To outsource or not to outsource?’Before arriving at an answer let us look at some factsNearly 80% of all medical bills have errors and in around one-fourth of these bills, the errors involved a significant amount of money.The average cost to file an initial claim is $ 6.75 while the average cost to rework a denied claim is around 25 $In the last seven years, there has been a 70% increase in data breaches in the healthcare industrySo what do these data tell us?
And we know that efficiency improves when any task is handled with more specialized knowledge and expertise.
Medical billing companies with an exclusive focus on billing, tend to collect more revenue at a lesser cost.
The benefits of increased efficiency are not only limited to savings in cost but also spill over to other aspects of healthcare operations.
They have well-established processes and workflows that expedite collections.More Focus on Patient CareWhen you outsource your medical billing process, you free your staff from cumbersome repetitive tasks associated with billing including identifying and rectifying errors, monitoring the process, and claim reviews.
This in turn lets them focus on the more important goal of improving patient care quality.Stable Billing supportLong and frequent vacations taken by one of your staff or a sudden sickness that keeps more than one employee from work means that your bills are not raised on time.
Maple Software has over 19+ years in the field of Medical Transcription which makes us the right choice for the clients who are looking to outsource their transcription requirements to a high standard transcription solutions provider.
The other advantage of outsourcing medical transcription is that service providers can share their industry experience to customers and help in producing highly accurate documents.3.
Highly Accurate Medical RecordsMaple Software takes great responsibility in maintaining a consistent accuracy of 99.5% and above to every report that is processed by the team.
We adhere to a globally standardized HIPAA compliant Medical Transcription process and follow strict QA procedures like proofreading, editing, reviewing of completed records.
Reduced InvestmentsRunning a complete medical transcription service requires investing in high-end dictation equipment as well as state-of-the-art technology for transmitting & downloading the documents.
Healthcare facilities benefit from outsourcing to Maple as they don’t need to invest in buying expensive equipment for transcription.