If you are a healthcare provider struggling to handle large amounts of billing and transmission, then one of the obvious choices for you is outsourcing the process. Outsourcing medical billing reduces half of your backend tasks and helps you focus on your core strength – treating patients.
You could let local medical billing companies handle the load or outsource it to third-party service providers outside your geographical boundary. One such location to outsource to is India. India is a growing market for medical billing and coding and brings you exceptional talent and high-end technology. Here are some of the strategic advantages of hiring a third-party medical billing company in India.
- Reduced operational costs
One of the obvious advantages of hiring a third-party medical billing company in India is the reduction in your overall operational costs. Hiring and maintaining a full-time billing team in-house is an expensive affair, and you will definitely benefit from outsourcing. Indian service providers take pride in offering the most competitive packages for clients without compromising on work quality. That’s a double win for you.
- Availability of smart workforce
India boasts of some of the top universities and educational institutes and churns out thousands of fresh and eager graduates every year. The medical billing and coding industry is also established in the country, and you would find seasoned leaders with decades of experience with ease.
Working with a medical billing company in India is the easiest way for you to tap into both the budding and seasonal billing workforce.
- Business continuity
Business continuity is another significant advantage of working with a medical billing company in India. Indian third-party service providers work in multiple shifts to accommodate clients across the globe. As a result, they would be able to support you 24/7, unlike in-house or local billing teams.
- Quicker transition
The medical billing teams in India specialize in working for different types of healthcare clients. As a result, they are quick to adapt to newer client processes and easily transition, needing very little time to settle down. When such third-party service providers take time to transition, this affects everyday business operations.
An established medical billing company in India may be able to start working for you in a matter of weeks, and this is a great advantage to hold on to.
- Time zone advantage
India is at least 12 hours ahead of most states in the United States, and this means that your billing would be initiated at least 12 hours earlier than your competitors. Time is everything when it comes to billing and transmission, and a medical billing company in India can offer this to you on a platter.
Takeaways
Working with a medical billing company in India comes with a lot of strategic advantages, with the above five points just being the tip of the iceberg. Many top healthcare brands have chosen to completely outsource their billing and coding needs to service providers in India because it is more affordable, profitable, and smarter to do so.
Read more:
The pros and cons of working in a medical billing services company
Top Revenue Cycle Management service staffing challenges
Who would benefit from healthcare account management services?
