Addressing the Stigma: Outsourcing Medical Staff
There's no doubt the medical industry is booming, and the demand for qualified medical professionals is steadily increasing year after year. As a clinic grows, it demands more work from its staff, and in fact, a clinic will spend a third of the day on administrative work. The result may be the financial troubles that plague many medical institutions today due to a number of issues, such as billing. This is where outsourcing comes in.
Even though the market shows more healthcare providers are turning to this solution, there's still a stigma associated with outsourcing medical staff and processes. This article will help you understand the stigma of outsourcing and clear up any misconceptions about it.
Misconceptions About Medical Outsourcing and the Truth Behind Them
Medical outsourcing of RCM is one tactic numerous practices choose to supplement clinical and administrative staff. However, some healthcare professionals assume that medical outsourcing is not an appropriate solution due to misconceptions or generalizations. Listed below are some of the myths and the truth behind them.
Misconception # 1: Outsourcing is only just about cutting costs
The Reality: One misconception people have about outsourcing is that it is only about cutting costs. Yes, cost savings indeed is one of the obvious benefits of outsourcing, but the fact remains that there are multiple other benefits. It is essential to achieving greater efficiency and quality in revenue cycle management. If you can spend more time on patient care and leverage the expertise of your outsourced employees, you will be able to streamline and scale your practice.
Misconception # 2: They may not be secure or HIPAA compliant
The Reality: Another common misconception about medical outsourcing is that it's not HIPAA compliant. While a few facilities across the country may not be, there are actually a lot complying with HIPAA regulations. In fact, outsourced medical service providers must be HIPAA compliant and must adhere to strict standards to ensure that your patient information remains private. This means that all outsourced staff needs to undergo training and certification before working for your practice.
Misconception # 3: In-house billing is more efficient than outsourcing
The Reality: Many practices that have tried to handle their own billing, sometimes at great expense and hassle, have decided to outsource their billings to a third party. This is because managing billing in-house requires a lot of time and effort; it can be complicated, time-consuming, and expensive. Medical billing is a very detail-oriented task, and when you do it in-house, there is always a risk of error. When you outsource medical staffing solutions, you have access to a team of billing and coding experts who already have experience handling similar projects before. This means your staff will concentrate more on tasks unrelated to billing.
Misconception # 4: Outsourcing is only suitable for large clinics and hospitals
The Reality: Outsourcing healthcare agency staffing works for small, medium, and big-sized medical institutions alike. The benefits of outsourcing are available to all. Small clinics can benefit from outsourcing because it helps them focus on their core services, resulting in improved quality of care. There are many customized solutions where smaller businesses can outsource one or two of their processes where it is necessary.
Misconception # 5: Outsourcing entails losing control of your business
The Reality: When outsourcing, you don't lose control of your business; instead, you gain it. You will gain lower stress levels and more time to focus on other areas of your business that need more attention. In addition, a reputable medical billing company ensures transparency. They must provide frequent, detailed data and reporting and works closely with the provider. This guarantees that the medical practice can better track its revenue cycle. Partnering with an outsourced service provider means both parties specify procedures and benchmarks for meeting their objectives
Partner with DrCatalyst
When we think of outsourcing, one phrase that comes to mind is, "Working smarter, not harder." As a business, you think about how you can be more efficient, saving time and money in the long run. Furthermore, you want to focus only on things of utmost importance. This way, you can work in your area of expertise and concentrate on your patients.
At DrCatalyst, we completely understand this expectation because we set our clients up for success from day one. We ensure to give solutions according to what your business needs. Learn more about outsourcing medical staff and all other processes of your practice by visiting this link. Call or schedule an appointment with us today!
