What Is the True Cost of In-House Billing?
Updated: Aug 6, 2021
When considering whether outsourcing your billing
makes good financial sense, let’s take into account
all of the costs associated with an in-house billing
department. Often, providers only look at the hourly
rate they pay billing staff and forget about the other
tangible and intangible costs that go along with
getting paid for your services.
Staff hourly wage
Employer share of taxes
Increased rejections and denials
Decrease in net collections and cash flow
Increase in patient bad debt