Since accounts receivables, revenue, and cash flow are integral components of your practice and the future success of your business, it is extremely important that you do some research and ask the right questions in your selection process. Lets review key questions to ask your perspective billing company here, and we can elaborate on these areas later on. Request a reference list. There are many reasons, but, the main reason is cash flow.
Cash flow is halted due to the loss of a key employee who handled the billing function.
Oftentimes that employee cannot be replaced today cost effectively. In addition, expenses that relate to billing and its associated personnel have skyrocketed. This expense eats away at your practice profitability. Lastly, consider your time in the management of all of this. It is the belief of many doctors that outsourcing billing causes them to lose control of their practice and their receivables.