Healthcare Magazine July 2015 | Page 18

FINANCE
medical billing process .
One common solution for medical billing problems is to outsource this complex task to third-party experts . Here are some signs that it may be time to outsource your medical billing :
1 . Your staff is making excuses . You may have the friendliest , most hardworking medical staff in the area . However , when their inbox is overflowing with bills and you question it , watch out for excuses .
Backed up accounts receivables spell trouble for your practice ’ s cash flow .
Every piece of paper you see sitting on a desk that should be filed away as “ pending payment ” represents money that ’ s not going into your bank account within the next 30 days .
If your staff has started making excuses about the workload or about not having time to process bills , that ’ s your cue to start making phone calls about possibly outsourcing your medical billing .
2 . You ’ re starting to grow . If your practice is growing , you ’ ll need all hands on deck in the
18 July 2015