There are a lot of factors to take into account when making the decision about how to handle billing. Whether you use in-house or choose to outsource your billing, be sure to take all the pros and cons into account.
Kevin McDonald, seniorVP of surgery sales for
SourceMedical, recently spoke with Becker's ASC Review about 6 Considerations when it comes to billing:
- Staffing control: A major benefit associated with maintaining an in-house billing department is greater control over staff.
- Division of resources: While ASCs enjoy the control associated with an in-house billing department, it often comes at a cost as ASCs often must share resources.
- The cost breakdown: There are ongoing costs associated with maintaining in-house billing such as staff salaries, benefits and training.
- ICD-10 assistance: As the ICD-10 code set transition looms, more surgery center owners and revenue cycle managers are looking for billing companies to provide coding services and relieve the ASC of the burden.
- Misconceptions: As ASC owners consider their billing options, they can be aware of the many misconceptions that make it difficult to decide which option is best.
- Service Selection: For ASC owners that determine outsourcing is the best option, there are several factors that should be taken into consideration in regard to vendor selection.