Care360 has put out a great little whitepaper that looks at outsourcing your medical billing. In the whitepaper, they talk about various aspects of doing your medical billing in house or outsourced including: control, communication, cost, performance, and management style.
This is all great, but I find that many practices are still trying to figure out whether they should spend time considering outsourced medical billing or not. So, the best part of the whitepaper for me was these 15 questions that provide a good self assessment of a practice’s medical billing:
Remember that answering yes doesn’t mean you should outsource your billing. For example, if on question #13 you say you are looking to expand your practice, then that might be a reason not to outsource your billing. From my experience medical billing generally benefits from scale. So, if you’re planning to grow your practice large enough, it might make since to keep your billing staff in house if you can grow it large enough to enjoy the benefits of scale.
There are a lot more details on outsourced medical billing in the whitepaper. I’m seeing more and more organizations outsourcing their billing as it’s become more complex. These questions provide a good framework for you to consider your current approach and how you could benefit or suffer if you outsourced your billing.