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THE BENEFITS OF CONTRACTING A MEDICAL BILLING COMPANY BY A HEALTHCARE PROVIDER unscrupulous patients may first receive treatment from a healthcare provider, but because by nature of arrangement the services is paid for later, they erect blocks for purposes of delaying payment. When patients place obstacles, the future relations between the client and the medical provider frost. More so, the health care provider may start to experience challenges in meeting the operational cost like payment of salaries or even stocking of essential drugs. Since for a healthcare to provide a seamless service needs patients to be in business, present and future relations must be maintained at all cost. If the insurance companies releases payments to hospitals on time, they are likely to help in service delivery because, operations of the medical providers are uninterrupted and patients are treated without problems about past bills. If the medical billing companies are contracted by the hospitals, they help in handling the payment delay between the insurance companies and the patients. The coordination services offered by Apache medical billing are critical in patients, hospitals and insurance company relations. Quality of service by medical provider is greatly enhanced when their focus and concentration is on; diagnosis, treatment and staffing and not thinking about collection because Apache medical billing takes care of that end.
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Since Apache medical billing only employ the best, the chances of billing errors that plays a role in delaying payment is greatly reduced or eliminated altogether. They take time to ensure the billing codes are well synchronized between the hospital, insurance companies and their software. These integrated approaches fasten the payment cycle by addressing any reconciliation issues that may arise in the course of billing.
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Collection time is reduced when a medical provider contracts medical billing companies to do a collection on their behalf from the patients and the insurance companies. These have the effects of improving the cash flow problems and hence the hospitals are able to meet their bills as and when they fall due. When the cash flow is good, the hospitals doesn’t need to incur additional cost of involving debt collectors to follow the patient and the insurance companies. These means they are able to save money that can be used to increase their service offering. When new services are introduced, there is a general improvement on patients’ satisfaction because the hospital becomes a one stop service shop. Finally, by using the billing companies, they use their expertise to make sure the level of billing compliance is at an all-time high. These have the effects of improving the general revenue of the health care providers which in turn increases the value of the stakeholders involved.

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