While managing billing in-house may seem more cost-effective at first glance, many practices overlook the hidden expenses that can eat away at their bottom line. Here are a few often-missed costs:
- Training and Turnover: Constantly training staff or dealing with billing team turnover can disrupt workflow and rack up costs.
- Technology and Software: EMR systems, billing platforms, and updates come with recurring expenses.
- Denied Claims: Inexperienced staff or outdated processes can lead to preventable denials and revenue loss.
- Time Drain: Your team’s time spent on billing could be better used on patient engagement and care coordination.
- Compliance Risks: A single compliance issue can lead to audits, fines, or even lost payer contracts.
Outsourcing your billing with CoMed means predictable pricing, expert support, and a scalable solution that grows with your practice. Let us help you simplify operations and improve profitability.
