As you know, the billing process involves ongoing communication between a healthcare service and the insurance payer. When you carry out the billing process at your pathology practice there are many hassles you have to face.
The first and important issue you need to consider is the amount of money invested in buying and installing the necessary equipment for the billing process, allocation of office space for it, and hiring and training personnel for that purpose.
When carrying out in-house billing, accuracy and quality of the billing tasks is likely to be low, since your office staff may not be thoroughly experienced and may not have sufficient expertise in medical terminology related to pathology.
Increased workload is another factor that adversely affects the overall functioning of your pathology practice. You will have to add more personnel as the billing workload increases and thereby you need to spend more money on training and for compensating them.
To make billing reports error-free, you need more resources for proofreading, editing, and quality checking. Furthermore, you must have in place all the necessary measures for maintaining complete confidentiality and security of the medical billing records.
To avoid all these hassles, the practical solution is to outsource your billing processes to a reliable medical billing company that provides pathology medical billing services including patient enrollment, scheduling, insurance verification, insurance authorizations, referrals, scheduling and re-scheduling, coding, billing and reconciling of accounts, collections, and AR collections.