Medical billing service providers come in many different shapes and sizes. At one end of the spectrum are large Practice Management Companies, with an extensive network of support but sometimes rigid and expensive.
At the other end are small, home-based businesses. With more and more programs offered through local colleges, mail order and online, home-based businesses are popping up everywhere. Somewhere in the middle of these two extremes is what we'll refer to as Professional Medical Billing Services.
When considering your options, it is important to understand what each type of medical billing service provider has to offer and which is best for you. This article discusses these common types of medical billing service providers and some of the services they offer.
Home-Based Medical Billing Businesses vary significantly from one to the next in experience, ability, and services offered. Many are small startup businesses with only one or two employees.
Some offer extensive experience from previous employment in a doctor's office, others may have only one or two clients.
While these service providers can offer the highest levels of customization, a small, home-based business can sometimes run short of management knowledge and business acumen to be there for the long term.
And what happens to practice cash flow when the solo biller decides to take a vacation? Most provide the core services of medical billing (discussed later) and many have other personal experience to offer ancillary services.
Professional Medical Billing Services fall in between the extremes of home-based medical billing businesses and the practice management companies, leveraging the strengths of both and eliminating the weaknesses.