- May 25, 2022
- Posted by: David Smith
- Categories: Urgent Care, Urgent Care Billing
Billing challenges for Urgent Care Services
Medical billing and coding is a highly specialized area of work that demands trained professional intervention and specific knowledge of payor norms and regulations. It is no different in the case of Urgent Care services. Billing for services rendered at an Urgent Care facility requires in-depth knowledge of pertinent codes, billing methodology and reimbursement guidelines as laid down by various insurance payers.
In the wake of the pandemic, there is a severe dearth of experienced billing and coding personnel in the market. Many have moved into other areas of work and are not engaged in billing work anymore. For those who are still available, their wages have gone up manifold, making it an extremely expensive proposition for most Urgent Care facilities to hire them.
Amidst this alarming labor crisis, the current inflation has only made matters worse. As prices continue to soar everywhere, healthcare providers are finding it increasingly difficult to maintain even the minimum profitability.
The Solution we All Want
In view of the scenario above, it’s no wonder that more and more Urgent Care businesses are outsourcing their billing operations to economical, third-party billing service providers. The game plan is a simple one. Outsource the more time and labor intensive aspects of the billing process to external resources, in order to save cost and time, and also to improve the profit margin.
In most cases, such external billing partners work as a seamless extension of your own billing operations, providing complete billing support for Urgent Care services at an all-inclusive fixed rate which is remarkably less than what one would normally pay to a regular, in-house staff. This arrangement is made possible by virtue of the fact that these billing service providers have their operational centers based at various offshore locations where the cost of labor is low and thus they are able to provide services at prices that are almost impossible to match in the US market.
The economy, however, is not the only benefit of engaging such a remote billing partner. These billing service providers are highly specialized organizations, having fully trained and skilled personnel who are expert at dealing in medical billing affairs of all kinds. Therefore, any association with them is sure to yield very positive results in terms of productivity, revenue generation and your overall profitability. And these are the kind of benefits that no Urgent Care business can afford to ignore.