There comes a time when a physician has to make an important decision about their medical billing. The decision may seem a bit odd to you, but necessary if you are to succeed. For starters, why do you want to outsource to begin with? Is it simply to save money or is it to save money and grow your revenue? There is a big difference there.
If you are trying to save money, outsourcing to countries outside of the USA may be a good idea. However, you must look at all of the legal aspects first. For starters, all medical coders that work with USA physicians must be certified in ICD-10. If you are not certified, then you should not be coding. It is actually illegal to do so. The software that is being used must be 100% HIPAA compliant. If it does not comply with HIPAA law, then you cannot use it.
Outsourcing your company requires important decisions. If you choose to outsource your billing, you will see success because these billers have been studying the field long before ICD-10 was release. Is it ever a good idea to outsource your billing to an overseas company? The answer to this question is hard to answer since you must look at several factors.
Does the overseas medical billing company have certified ICD-10 coders and people that work in billing? If the answer is yes, then it's important to know that you have to see if they meet all of HIPAA law requirements. If they do not, then you cannot use them. As you already may or may not know, medical billing software must comply with all USA regulations. Medical billing in the USA is regulated by the government. If you should violate these laws, your practice could get shut down and you could have to pay hefty fines. It is important to use an attorney that knows about medical billing if you are thinking about outsourcing your billing to a company overseas.
The laws are what is important more than money or anything else. You don't want to find your practice on the 7:00 p.m. news because you violated a HIPAA law. It is important to examine your intentions with saving money. Most medical billing companies in the USA do an excellent job and comply with United States laws because the employees are most always from the USA. Choosing a company takes time, discipline and a good know how of the future. Try to ask yourself what you would do if something went wrong? What is your plan? If you do choose to go ahead with an overseas company anyway, try to choose one that is reputable. Don't just call some random company hoping for the best. Some companies with a good reputation have that for a reason.
If you are trying to save money, outsourcing to countries outside of the USA may be a good idea. However, you must look at all of the legal aspects first. For starters, all medical coders that work with USA physicians must be certified in ICD-10. If you are not certified, then you should not be coding. It is actually illegal to do so. The software that is being used must be 100% HIPAA compliant. If it does not comply with HIPAA law, then you cannot use it.
Outsourcing your company requires important decisions. If you choose to outsource your billing, you will see success because these billers have been studying the field long before ICD-10 was release. Is it ever a good idea to outsource your billing to an overseas company? The answer to this question is hard to answer since you must look at several factors.
Does the overseas medical billing company have certified ICD-10 coders and people that work in billing? If the answer is yes, then it's important to know that you have to see if they meet all of HIPAA law requirements. If they do not, then you cannot use them. As you already may or may not know, medical billing software must comply with all USA regulations. Medical billing in the USA is regulated by the government. If you should violate these laws, your practice could get shut down and you could have to pay hefty fines. It is important to use an attorney that knows about medical billing if you are thinking about outsourcing your billing to a company overseas.
The laws are what is important more than money or anything else. You don't want to find your practice on the 7:00 p.m. news because you violated a HIPAA law. It is important to examine your intentions with saving money. Most medical billing companies in the USA do an excellent job and comply with United States laws because the employees are most always from the USA. Choosing a company takes time, discipline and a good know how of the future. Try to ask yourself what you would do if something went wrong? What is your plan? If you do choose to go ahead with an overseas company anyway, try to choose one that is reputable. Don't just call some random company hoping for the best. Some companies with a good reputation have that for a reason.
About the Author:
Ideal Billing Solutions provides medical coding services to companies in all 50 states. We are ICD-10 certified and have years of experience associating with hospitals, treatment centers and all kinds of medical practices. Hiring a medical coding service takes time because you have to find one that works best for your practice.
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