The importance of business process outsourcing (BPO) on every organization's bottom line cannot be ignored; however, it is imperative to base outsourcing decisions on more than just cost savings. Business strategy should also be included in the decision process.
The business rationale behind BPO is that outsourcing saves money and focuses scarce management time and resources on a few core competencies. The list of outsourced functions grows daily and includes call centers, order entry, billing and collection, human resources administration, cash and investment management, tax compliance, internal audit, and payroll.
The real reason behind the surge in BPO is that companies are becoming more demanding. Cost-cutting and improved service levels are no longer the only result expected from outsourcing. These days, CEOs are demanding value. They want to see, and have come to expect, transformational change from their outsourcing efforts - from changing how human resources is managed to changing the way the supply chain operates. The ultimate goal is to link business performance to increased business value.
In BPO, the metrics that matter are business metrics. For example, the key metric for a bank is the cost to administer a mortgage every month. In the insurance marketplace, it is the cost per beneficiary per month that matters. For health care firms, the issue is the cost per member per month. These are the crucial business metrics for which the provider is measured and rewarded.
Benefits from Outsourcing medical Billing and coding process are:
1. Cost reductions
2. Improved service quality
3. Superior competency
4. Access to leading technology
5. More freedom to focus on strategic activities
6. Increased shareholder value
7. Economy of scale
8. Shared risk
Our research tells us that the biggest cost gains and efficiency improvements from outsourcing tend to come from re-engineering organizational processes and implementing best practices.
Top 10 Reasons to Outsource Medical Billing Services now are
1. Control Costs
2. Improve operational efficiency
3. Abundance of skilled manpower
4. Lack of availability of internal resources
5. Improve speed and time-to-market
6. Optimum utilization of resources
7. Focus on core competence and innovation
8. Greater flexibility and competitiveness
9. Availability of functional expertise and domain knowledge
10. Global Best Practices
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- Global Edge Usa
- Global Edge USA is one of the leading providers of outsourced health care support services based in N.California. Our medical outsourcing services include comprehensive medical billing coding and medical transcription outsourcing solutions to the health-care industry. Our team of experienced medical billing professionals is geared towards providing you quality and cost-effective billing, coding and transcription solutions. We can provide medical billing and collections service using your existing medical billing software. We have extensive experience with most of the billing software’s/EMR, such as like Medisoft, SequelMed, AdvantX, eClinicalWorks, Misys Tiger, SurgiSource, AdvancedMD, and Medrium. We can help your reduce your existing payroll costs, boost you revenue cycle, assure accuracy and compliance also enhance both patient & physician satisfaction.