Medical Billing Services

Why Medical Billing Is A Critical Component of Financial Health

A critical aspect for healthcare practices to survive and thrive is efficient medical billing services. Done well, it guarantees cash flow and forms the base of providing patient care. When mishandled, it can lead to huge losses and wastage of operations.

Rely Services has over two decades of BPO Process Outsourcing experience to solve these issues for healthcare providers like you. We specialize in easing up billing processes to recapture revenue that slips through the cracks. We also empower medical practices to gain better operational efficiency and focus on patient care.

To make these easier to understand, here are some industry insights:

• More than 80% of patients have at least $500 owed to their medical providers.
• More than 45% of patients have unpaid bills of $1,000 or higher.

These outstanding balances cause practices to lose money they cannot afford if billing procedures are not efficient. They are also the reason healthcare providers frequently struggle to collect payments, which is due to the administrative cost and the complexity of claims administration.

The only way to resolve this gap is for healthcare providers to collaborate with medical billing agencies. With a good medical claims process in place, you can guarantee precise, effective billing procedures that preserve your practice's financial stability.

Affordable and Reliable Medical Billing Outsourcing with Rely Services

If you have consistent errors in your medical billing services, it can massively impact your revenue, cause delays in payments, and add unnecessary strain to your practice. We at Rely Services can help you minimize errors and maximize revenue with expert healthcare billing company solutions.

We have 20+ years of experience in the healthcare industry, and we can be your trusted partner for HIPAA-compliant medical billing outsourcing services. All of the clients we have worked with so far have been able to see improved cash flow and streamlined billing processes. This, in turn, has helped them focus more on delivering quality care while we handle the complexities of claims, medical data entry and billing.

A lot of medical practices rely on in-house staff for billing and end up assigning these tasks to receptionists or office managers who are already stretched thin. The problem with this practice is that these employees may lack the necessary knowledge of billing codes, insurance modifiers, and changing regulations, which further leads to:

• Errors in claims due to missing or incorrect information.
• Delays caused due to incomplete documentation or missing pre-authorizations.
• Increased administrative burdens that distract from patient care.

The reality is that most medical practitioners acknowledge their billing and collections processes have room for improvement. Common errors, such as failing to secure pre-authorizations or submitting incomplete information, can significantly impact revenue recovery.