Uploaded on Jul 25, 2020
Builds high quality, cost-effective anesthesia care to meet your unique needs with help of outsourcing services. https://www.mgsionline.com/blog/in-house-vs-outsourced-anesthesia-billing/
In-House vs. Outsourced Anesthesia Billing
In-House vs.
Outsourced
Anesthesia
Billing
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INTRODUCTION
Medical billing and coding is the meticulous process of tracking and
handling the medical claims efficiently between the providers and the
payers to ensure the provider receives full reimbursement for the service
rendered.
This signifies the importance of the medical billing process for any
practice to keep their business running smoothly and successfully.
Every medical procedure differs by its scope and complexity.
Similarly, medical billing and coding processes and guidelines of billing
differ by each specialty and require a specific team of skilled professionals
to handle them productively.
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Anesthesia billing has its own complexity and can
be more problematic than other specialties as
unlike other billing where the payment is
processed by fee-for-service, Anesthesia claims are
paid by units, time, and modifiers used.
This makes the process even more complex for
billing and coding, which also demands ample
time of attention from the provider handling the
billing process in- house.
Read through the below discussed points to help
yourself decide whether to keep your anesthesia
billing in-house or to outsource.
Cons In – house Anesthesia Billing 5
Tedious and Challenging:
As discussed above, in-house
anesthesia billing requires close
attention which is time-consuming for
the provider added to the core job
responsibility of patient care.
While in-house billing gives complete
control and accessibility, it also
obligates you to take sole
responsibility and liability of the entire
billing process
Comparatively Expensive: Pros
Handling billing process in-house is comparatively Retain Complete Control:
expensive. Having hands-on-control over the billing process and
Practice and infrastructure cost, staffing, training, the team handling them is looked upon as an added
paying billers and coders, and covering employee advantage by many providers.
benefits, investing in technology all put together will Working closely with experienced staff who have been
add up more than the cost of outsourcing your with you and your business from scratch will boost
billing. your trust and comfort level in handling the process.
In – house Anesthesia Billing
Pros 6
Process handled at close
proximity:
Just walking across your office
floor to look into or discuss any
minor or major issue if any, gives
you close accessibility to your
billing process and the team.
It makes the execution of
standard procedures and
delegation of instructions much
easier.
Pros
ROI (Return on Investment):
Managing the billing process in-house will
ensure to keep the finance under control, as even
the trivial process and matters are under the
provider’s purview for immediate attention and
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expenses.
Cons Outsourced Anesthesia Billing 7
Less Control:
Outsourcing medical billing means less
direct control of the process.
You no longer get the accessibility of
your team by just walking across your
office floor.
You don’t have to get to the bottom of
every trivial matter or error and issues of
every claim to understand them.
However, if you have chosen your right
partner you can rest assured that your
billing is in the hands of experts in the
medical billing field. Pros
Cost-Effective:
Whether you are a start-up or a small practice set up,
Hidden fee and Variable cost: outsourcing your billing services makes the best sense for
Keeping in mind that most company’s only goal is to make your finance.
money, it is likely that your medical billing partner may A medical billing company provides you with an
imply hidden charges. experienced billing team, thereby reducing your spending
To avoid getting trapped into any hidden charges, it is on a billing department.
imperative while choosing your medical billing partner you The outsourced company takes care of the staff training,
need to be careful to check out their integrity and longevity software, and hardware requirement of the billing team.
along with their years of experience in the industry and This ascertains that outsourcing medical billing help
choose a trustworthy medical billing partner. reduces the cost of operation and increases revenue..
Pros In – house Anesthesia Billing 8
Experienced Team:
An outsourced medical billing
company has experienced and trained
anesthesia billers and coders handling
your claims efficiently.
The team with their vast experience
and expertise handles every claim with
the utmost care to ensure timely filing
and reimbursement.
An outsourced medical billing
company is compliant with HIPAA to
safeguard your PHI and privacy policy.
Pros
More focus on patient care:
Being able to provide undivided attention to your
core job “patient care” will help attract more
patients and serve them better.
Outsourcing your medical billing can help relieve
yourself from the hassle of getting involved in the
billing process resulting in more time to focus on
www.mgsionline.com patient care!.
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About MGSI:
MGSI is a 25+yrs old national medical billing company
based in Florida.
MGSI caters its services to Solo and group practices for 25+
specialties in multiple states across
the country. MGSI is an A+ rated company with Better
Business Bureau.
It is HIPAA compliant ensuring high levels of patient data
and network security. To learn more details, log on to
www.mgsionline.com
THANK
You
Call Us: 877-898-6474
Visit Us: www.mgsionline.com
Mail Us: [email protected]
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