ABA providers face a number of challenges in addition to delivering top-notch patient care. One area that demands attention is medical billing, a complex and time-consuming task that, if not handled efficiently, can hinder a practice’s growth. Outsourcing medical billing services is a strategic solution for many ABA providers.
Join us as we explore the top reasons why outsourcing these services can lead to greater success and more streamlined operations.
Reasons to outsource your therapy billing services
Discover the top five reasons ABA providers are more successful when they outsource their billing.
1. Increase revenue by reducing overhead costs
Quality staff are not only expensive but hard to find. When an ABA provider chooses to outsource their billing, they avoid the payroll costs of an expensive billing department. They also reduce costs regarding space, time, and resources used to train, supervise, and house a billing department. One of the top benefits of outsourcing ABA billing is that a provider can free up an organization’s cash flow and time, enabling them to focus on growing their practice and providing the best clinical services to patients.
2. Timely collection and higher collection rates
A billing company has the expertise to facilitate a smooth and error-free billing process, something most providers do not have the knowledge or resources to do consistently. Claims are submitted quickly and, if needed, pursued to ensure timely and accurate payments. Furthermore, with a team of Revenue Cycle Management experts, a billing company will have a higher success rate in obtaining authorizations, submitting clean claims, and appealing denials — all of which contribute to more revenue, ultimately boosting a company’s billing practices.
3. Access to ABA billing expertise
The insurance industry is constantly changing. ABA codes for billing, reimbursement rates, and authorization requirements differ for each insurance provider and state. ABA billing companies stay current on industry changes and requirements, providing access to valuable ABA billing expertise and leading to a more efficient billing process.
4. A scalable billing solution
It is a common misconception that outsourcing billing is more expensive than handling billing in-house. As an ABA provider grows, it’s essential they have a billing solution that is scalable and ready to grow with them. By outsourcing, ABA providers have the tools, systems, and knowledge to accommodate their growing business. Scalable solutions often work out to be more economical than in-house billing teams when you consider the training, salaries, and software involved in hosting an up-to-date billing team.
5. More time to focus on patient care
Billing and Revenue Cycle Management are challenging, time-consuming, and stressful. Without realizing it, billing can often take valuable time and resources away from patient care. When an ABA provider chooses to outsource, they can spend more time focusing on the heart of their business — providing the best clinical care to their patients.
Partner with Missing Piece for your practice’s ABA medical billing
Outsourced billing services offer ABA providers a range of benefits, from potentially increasing revenue to freeing up time for patient care. By partnering with a dedicated billing company such as Missing Piece, ABA practices can navigate the complexities of billing with ease, allowing them to concentrate on what truly matters — delivering exceptional care to their patients. Leveraging the expertise and scalable solutions we offer can position ABA providers for sustained growth and success.
Want to learn more about how outsourcing billing can help your business grow? Contact us to schedule a free ABA billing consultation!