Owning a pain management or physical therapy practice is a rewarding experience because you provide a much-needed service to people who are in dire need of the rehabilitative services you offer. After all, an estimated 108 million people develop a musculoskeletal injury or chronic pain that can linger for longer than three months, and many of these injuries will require pain management or physical therapy.
Maintaining a healthy practice that allows you to focus your time and energy on helping people recover from injuries and conditions is the dream of every practitioner. But there are things that a practice must do in order to stay in business, and that includes the thankless task of medical billing.
Medical billing takes time and costs vital resources that could go toward better treatment for your patients. Many practices operate under the burden of having to have medical billing specialists on payroll just to be able to process payments and keep a steady flow of revenue into the practice.
What if you didn’t have to pad your overhead with staff members who did medical billing? What if there was an option to outsource your medical billing to a third-party provider who could help you realize real benefits and savings – allowing you the freedom of focusing on your practice’s core tasks?
Fortunately, there is, in the form of outsourced medical billing.
Save Time and Money by Outsourcing
Outsourcing your billing ultimately saves time and money by taking a core process out of your hands – and thus off your plate of responsibilities – and putting it in the hands of a trusted provider who specializes in the field.
Consider the cost of having staff in your clinic who handle medical billing and coding. Think of not just their salaries or wages, but also the cost of the benefits you have to provide under the law. Each person you have to hire adds to your overhead, which means you have to take on additional patients just to meet this burden.
Also, factor in the time it takes to supervise these individuals and make sure they’re doing their job effectively and efficiently. That further adds to the costs.
Outsourcing medical billing to a trusted provider for your pain management or physical therapy practice means you have more time to spend with your patients, helping them recover and grow stronger.
It also means you have higher margins because you’re spending less on overhead and keep a higher percentage of revenue as profit. For any PT or pain management practice, that is a great thing to hear.
Outsource with Medical Business Management
Medical Business Management is a proven and trusted provider of outsourced medical billing for physical therapy and pain management practices. We have helped our clients improve cash flow in a variety of fields within the medical industry and can do the same for your clinic.
Contact us to learn more about how we can be of service – and save time and money by outsourcing today.