Outsource Physician Billing Services to VSynergize
Running a successful medical practice is a challenge to many practitioners. A study by the Physicians Foundation shows that 80% of physicians feel that they work at full capacity, 78% experience burnout and 65% report that they feel overworked. While on one hand, the primary goal is prioritizing patient needs, it’s equally important to ensure that all other processes run seamlessly to ensure your clinic generates enough revenue to cater to both internal and external business needs.
With budgets getting squeezed each year, the medical field is no exception. Therefore, it’s no surprise that many are outsourcing billing processes to improve efficiency and reduce costs.
There is an abundance of benefits when it comes to outsourcing your physician billing services:
- Data-driven results (using revenue cycle KPIs)
- Lessening the cost to collect through in-depth analysis
- Heightened accuracy
- Better financial performance overall
- Reduced amount of generated revenue sitting in accounts receivable
As you can see, the benefits are exactly what your practice needs if you’re looking to increase profitability and company growth.