Medical billing has always been a challenging task. Billing and coding staff are the invisible engines working to keep the business running smoothly and ensure proper reimbursement for services rendered. Therefore, it is essential to have a skilled workforce to handle the medical coding process efficiently. As the medical industry is currently going through constant changes and challenges due to this pandemic, in order to keep up, many billing companies have already outsourced their medical billing and coding process to a foreign based healthcare billing company. The challenges involved and the lack of skilled manpower and most importantly cost-effective services are some of the reasons why India has been the all-time favorite for outsourcing medical billing. Let’s take a look at some highlights on why outsourcing in India is a growing trend during this pandemic!
better security
While social distancing is the new norm and many people are working from home, having a billing and coding team in place has become difficult for many billing companies. Most billing companies are concerned about the safety of their staff, however it is even more difficult to provide staff working from home with all the required necessities such as high speed network connection, access to billing software or encryption. , and have a team to monitor the work done. Outsourcing your medical billing to an offshore healthcare billing company is a one-stop solution during this pandemic, as they act as an offshore location that handles your day-to-day billing work effectively.
New medical codes were introduced.
With the new corona virus attack and telemedicine in force, there have been many changes in medical coding; New codes for the treatment of Covid 19 and telemedical procedures are being introduced regularly. Even competent coders are at bay with dynamic challenges and are prone to causing coding errors. An offshore coding team is regularly trained and updated with recent changes and has the right skills to handle the billing and coding process productively.
changing regulations
The rules and regulations of the healthcare industry have been endlessly revised. Frequent alteration of medical billing rules and policies can make even a small hand susceptible to error. Not keeping up with billing rules and regulations can increase claim denials and decrease your revenue stream. This current situation has increased vulnerability through significant changes that make it difficult for medical coding companies to cope. However, finding an offshore medical billing company to handle your billing process will help keep you current and stress-free.
Reduced labor cost and time savings
Low labor cost is one of the main causes for outsourcing your medical billing process to India. Outsourcing your medical coding to India will benefit you while doing quality work at a competitive cost. Research shows that offshore outsourcing reduces most operational costs such as infrastructure, utilities, location rental, energy, support, training, administrative costs, etc. which translates into significant cost savings for your company. Offshore outsourcing has become a trend and one of the most efficient business models.
Offshore providers are moving up the ranks by introducing a range of additional services with greater skill sets and maximum efficiency. Indian human resources are known for their dedication, hard and smart work. As billing companies in India offer more streamlined and improvised services, many US billing companies have started to outsource their medical billing process to India to provide quality service to end customers at a lower cost. competitive price in the market.
About Ecare India:
E-care India is one of the pioneering India-based offshore medical billing companies that promises to avoid the risks related to missed charges. With 20 years of experience in the industry, e-care’s 3 delivery centers have provided comprehensive medical claims processing services to their clients. To know more about e-care and its services, log on to the website https://www.ecareindia.com/why-outsource-medical-billing.html
