Switch to a More Efficient Billing Mechanism!

Outsource hospital billing services to India and save on expenses and overheads

What is hospital billing?

All hospitals, clinics and health care centers function just like any other organization and need to maintain precise billing of all payments and expenses. Hospital billing in particular covers accounts receivables management, data entry of patient information, EOB entry, Entry of CPT / ICD codes and other charge entry details.

Why outsource hospital billing to India?

By outsourcing hospital billing to India you not only gain by cutting down on unnecessary infrastructure and administrative costs but you also get assured processing accuracy and regulatory compliance along with enhanced patient and physician satisfaction.

What are the various hospital billing services that are offered by Indian companies?

Indian companies offer customized services to suit each client. Hospital billing services are offered in four main categories, namely:

1. Accounts receivables management which involves collections reporting, insurance and bills follow-up, denials analysis and re-billing.

2. Data entry of patient information which includes Patient's name, Present address, City, State, Zip Code, Social security number, Employer details and other Insurance details.

3. EOB entry of Patient Account Number / Patient Control Number, Date of Service, Procedure Code, Billed Amount , Allowed Amount, Adjusted Amount, Paid Amount, Deductibles and Denial details.

4. Entry of CPT / ICD codes and other charge entry details which include Date of Service, Referring Physician, Ordering Physician, Place of Service, Type of Service, Modifiers, Authorization or Referral details and Co-pay details.

What are the advantages of outsourcing hospital billing services to India?

Outsourcing your hospital billing services to India is extremely advantageous since:

1. You gain a 20% increase in your reimbursements
2. All service providers are HIPAA compliant
3. Only major medical billing software such as Medisoft, Medical Manager, AdvancedMD, Kareo, Elligence, eClinicalWorks etc., are used
4. Persistent claims follow-up with payers lead to faster account receivables
5. Only highly skilled hospital billing professionals who are experience in CPT, HCPCS and ICD-9 coding Level I, II, III are employed
   

Outsourcing of your hospital billing services to India will let you focus on providing better care for your patients since all your billing and reimbursement worries are taken care of.

Top Ten Reasons to Outsource Medical Transcription Services to India

Most hospitals, multi-speciality clinics, physicians and healthcare centers in North America and Canada prefer outsourcing their medical transcription services to India. Listed below are the top ten reasons as to why India has emerged as the most preferred outsourcing destination during the past decade.

1. Specialty based transcriptions: Medical transcription service providers in India provide an extensive range of specialised services. Apart from Medical Reports and Medical Records Summary, Clinical Notes and Summary, Progress Notes, Discharge Summary, Emergency Room Reports, Teleconferences, History and Physical Reports, SOAP Notes, Rehabilitation Reports, Operative Reports, Patient Charts and Surgery Notes Transcription are also prepared.

2. 100% HIPAA compliant: Indian companies ensure that all medical transcription services offered are compliant with the Health Insurance Portability and Accountability Act (HIPAA) and that all projects are completed following the guidelines stated in the HIPPA policy.

3. Assurance of superior quality: The medical transcription team comprising of Client Account Managers, Quality Associates, Proof-readers, Editors and Transcriptionists follow a five-step work flow process that calls for a quality check done on each individual file at every level. This accounts for an assurance rate of 99%.

4. Huge savings: Clients outsourcing their medical transcription services to India can save up to 40% of all costs incurred, when compared to the local US rates.

5. Free trial offer: In order to demonstrate their transcription capabilities, most service providers offer a free trial offer of sample transcripts, templates and audio files.

6. Speedy service: North American clients benefit immensely from the 12-hour difference in time zones. This ensures that most transcriptions and reports are sent back to the client in less than 24 hours.

7. Experienced transcription team: Every member of the medical transcription team is required to undergo a minimum of six months compulsory in-house training in medical terms and vocabulary. Added to this, the medical transcription team is first made familiar with the distinctive style, accent and diction of each physician before the onset of a project.

8. Guaranteed data security: Since most companies have installed their own 128bit FTP server, transmission of voice files and submission of transcribed files is extremely safe and secure.

9. Attractive pricing: Indian service providers offer an attractive pricing structure that is based on charges for every 65 character line, which works out much cheaper than local US rates. Also the only investment needed by the client is a digital voice recorder.

10. Usage of latest software: Outsourcing companies in India use the latest software available in the market. By using software like SpeedType, Medinotes, Scribe, Ted etc., speedy and error-free transcriptions are ensured.

By choosing to outsource their medical transcription services to India, hospitals and physicians gain speedy, high-quality service without sacrificing patient support, all at a cost-competitive price.