Healthcare News
Medical Billing Industry News
Increasing Business Profitability
- United States Medical Billing Outsourcing Market Nears $8 Billion by 2026 - Growing Focus on Increasing Business Profitability & Revenue Generation
- https://www.globenewswire.com/news-release/2019/09/04/1910571/0/en/United-States-Medical-Billing-Outsourcing-Market-Nears-8-Billion-by-2026-Growing-Focus-on-Increasing-Business-Profitability-Revenue-Generation.html
Physicians Struggling with Medical Billing Challenges
- Medical Billing is a challenge for struggling primary care practices.
- Over half of primary care clinicians say their practice is overwhelmed by constantly changing medical billing rules and some are having to alter processes to accommodate new patient needs.
- https://revcycleintelligence.com/news/medical-billing-a-challenge-for-struggling-primary-care-practices
Outsourced Medical Billing
- The medical billing industry is expected to reach $16.9 billion by 2024. It’s no surprise that many providers are choosing to outsource because of changing healthcare regulations and growing risk management and compliance concerns associated with in-house billing staff. Both methods have their benefits and drawbacks. It is up to the provider to weigh the differences carefully, both in terms of cost and operational factors - to decide which approach is most effective.