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GAINS OF USING MEDICAL BILLING COMPANY BY A MEDICAL PROVIDER In the medical field, patients tends to get treatment the pay for the services later on, however, some patients take advantage to place hurdles for purposes of delaying payments. 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. For continued business relations, medical providers must have a good relationship with the patient. 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. By engaging Apache medical billing, health care providers can turn its concentration on its core service offering like diagnosis, treatment and surgeries where required while leaving the burden of collection in the right hands of the professionals. Due to such focus, the quality of service is greatly improved.
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Payment cycle between the patient, hospital and insurance companies is reduced since Apache medical billing bring in their expertise, that helps in synchronizing the codes of the partners and integrate them into their software. This helps in also in reducing the turnaround time where queries arises by making sure they are addressed in a timely manner.
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Cash flow problems are not experienced by the medical providers because the medical billing companies are able to reduce the reversal time for collection and therefore operational bills are allocated on time. With increased cash flow, the hospitals are able to save money that would have been used to contract debt collectors to follow up with patients and insurance companies that have defaulted on payments. With such a savings, additional services may be introduced to the patients. When new services are introduced, there is a general improvement on patients’ satisfaction because the hospital becomes a one stop service shop. Shareholder value is increased when health care providers contract the services of the billing companies because they use their experience to ensure billing compliance is adhered to which equally help to improves on general revenues.