Outsource Medical Billing Services to Reach New Financial Heights
With us, you can enjoy the following perks:
- Affordable outsourced billing services with transparent pricing
- A one-stop solution that handle each step of your RCM
- Advanced technology and RPA tools to boost efficiency
- Multi-specialty experts trained to handle complex claims
Challenges Faced by Healthcare Providers While Handling Medical Billing Tasks
Due to ongoing inefficiencies in in-house billing operations, outsourcing medical billing services has become a growing trend. Healthcare providers continue to face rising administrative burdens, and frequent claim denials due to lack of experienced individuals. According to the MGMA reports, approximately 25% of claims are denied or delayed due to coding errors.
Other than that, a report by Healthcare Business & Technology suggests that U.S. doctors lose around $125 billion due to inefficient billing systems. However, hiring a medical billing outsourcing company like RevCure can dramatically improve collection rates and compliance.
Why Outsource Medical Billing Services Instead of Hiring In-House Billers?
Keeping in view all the challenges faced by in-house billers, outsourcing medical billing seems like an intelligent choice. Go through these points to acknowledge the superiority of the outsourced billing services.
| Feature | In-House Billing | Outsourcing Billing to RevCure |
|---|---|---|
| Expertise | Limited | Access to 1100+ certified billers |
| Technology | Lack advanced automation | RPA-powered billing platform |
| Claim Success Rate | Frequent errors | Up to 98% clean claim rate |
| Scalability | Limited | Scalable to match growth |
| Compliance | High risk of malpractice | 100% HIPAA-compliant |
Cost Comparison: In-House Billing vs. Outsourcing Medical Billing to RevCure
In-House Billing
Cost: $5000 / per year
The calculations are done for small to medium-sized practices.
Annual Salary: $25000 to $35000
Overhead Cost: $15000 to $25000
- Not Cost-Efficient
- Less Skilled Billers
- Lacks Automation
Outsourcing to RevCure
5% of Monthly Collections
Cost: $5000 / per year
The calculations are done for the practices earning around $100000 per year.
RevCure Rate: 5% on average
Total Cost: $100000 x 5/100 = $5000
Upsides
- Save up to $45000 annually
- Team of over 1100 skilled billers
- AI-powered Billing
Affordable Medical Billing Outsourcing Services for Practices of Every Kind
RevCure offers cost-effective outsourced billing services, charging only 5% of your monthly collections. Our transparent medical billing outsourcing company partners with your team to have a synergistic effect on financial growth.
There are no hidden charges, no upfront fees, and zero onboarding costs. You only pay when we collect revenue on your behalf, so our pay-as-you-collect model is completely risk-free. Along with pocket-friendly rates, RevCure delivers full value for money with proven results of reduced denials and improved cash flow.
Core Outsourced Billing Services Offered by RevCure
As a top-rated medical billing outsourcing company, RevCure provides reliable medical billing services fit for your practice. Here are our top features you can outsource for your clinics:
Outsourced Credentialing Services
RevCure can help you get enrolled with payers faster and maintain active status with continuous compliance tracking.
Error-Free Medical Coding
With certified coders, our team performs specialty-specific CPT and ICD-10 coding to reduce denials and boost collections.
End-to-End Outsourced Medical Billing
From patient intake to claim submission, expert billers at RevCure take care of everything with its advanced automation protocols.
Accounts Receivable Follow-Up
Our outsourced billing A/R teams aggressively follow up on unpaid claims to minimize aging and maximize reimbursement.
Let's Get Started!
Our Success in Numbers
Value of claims processed
Accounts Receivable Days
Accounts Receivable Days
Customer Retention
Value of claims processed
First Pass Clean Claims Rate
Revenue Improvement
Reduction in A/R
Simplify Medical Billing Services for Small Practices
Certified Billing and Coding Experts
Industry-Leading Clean Claim Rate
AI-Driven Outsourced Billing Services
Strict Regulatory Compliance
Real-Time Financial Reporting
Scalable Medical Billing Solutions
Complete Suite of Our Outsourced Medical Billing Services
Being one of the best outsourced medical billing services providers, RevCure delivers end-to-end solutions to reduce administrative burden. Our comprehensive outsourcing medical billing services include:
- Medical Credentialing
- Eligibility Verification
- Outsourced Prior Authorization Management
- Accurate Medical Coding (CPT, ICD-10, HCPCS)
- Claims Submission
- Payment Posting and Reconciliation
- Outsourced Denial Management
- Accounts Receivable Follow-Up
- Patient Billing and Statement Generation
- EHR Integration Services
- Real-Time Reporting and Analytics
- Outsourced Compliance Audits Support
Seamless Onboarding Process for Outsourced Billing Services
Welcome Call
Your onboarding begins with a personal welcome call from your dedicated account manager. During this session, we introduce you to our outsourced medical billing process.
Implementation Questionnaire
Afterward, you’ll receive a structured questionnaire to share critical information, such as your specialty type, clinic location, EMR requirement, and practitioners list.
Onboarding Meeting
Our expert team will walk you through a detailed onboarding meeting. During this meeting, we will ask you to provide access to your current EHR and billing platforms.
Establishing Workflow SOPs
Upon understanding your needs, we will create customized SOPs that define how every part of your billing workflow will function, from charge capture to coding.
Go-Live Date
Once everything is in place, we officially launch your outsourced billing services. On your go-live date, billing operations shift fully to RevCure team.
Which Medical Specialties Does revcure Serve with Expert Billing?
ur medical billing company cater to a wide range of specialties, spanning from primary care to surgical centers, serving small and mid-sized practices.
Assisting Healthcare Organizations to Flourish
Jackie Judd
Practice Manager Wilson Creek Internal Medicine
As a practice manager, I was looking to streamline the medical billing process. I tried other companies, but they were all complicated and took too much of my time. Fortunately, I found RevCure. They excel in tailoring solutions to fit my requirements.
Ashlee Rose
Practice Manager Harding Memorial Healthcare
We’ve been working with RevCure for 8 years now and I just wanted to say how happy we are with their services. They always get back to us quickly and are very easy to work with. They get my bills paid in record time and help us to generate millions in revenue.
Amber Vaughan
Office Manager Idaho Kidney & Hypertension Institute
As a practice manager, I was looking to streamline the medical billing process. I tried other companies, but they were all complicated and took too much of my time. Fortunately, I found RevCure. They excel in tailoring solutions to fit my requirements.
Frequently Asked Questions (FAQs)
Will I receive financial performance reports after outsourcing medical billing?
Yes, our team provides detailed financial reports on a daily, weekly, and monthly basis. These reports include KPIs such as collections, claim status, and denial rates for full transparency. Through this, you get control over your revenue cycle while we handle the complexities of medical billing outsourcing.
Why should I choose RevCure outsourced billing services over in-house billers?
RevCure offers specialized expertise and advanced billing technology at less than 5% of collections. Unlike in-house teams, we eliminate staffing hassles and accelerate cash flow compromising on compliance or transparency.
Can RevCure integrate with my existing EMR system?
Is it beneficial to outsource medical billing services?
Absolutely, we recommend outsourcing billing services for streamlined operations and reduced administrative burden. With experts handling coding and claim submission, healthcare providers can focus more on patient care.