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YOU HAVE IN-HOUSE BILLING? DO YOU REALIZE THE TRUE COSTS?

Salaries, benefits, taxes etc including and workers compensation.
Telephone/Internet
Clearinghouse costs
Lost productivity
Uncollected aged claims > 60 days
Ongoing training.
Management and administrative costs.
Human resources for recruiting and handling turnover.
Office space, utilities.
Equipment and software, including acquisition, upgrades, depreciation, and maintenance.


Divide total expenses by revenues to determine your billing & collections costs as a percentage to revenues. Medical Group Management Journal showed that the average cost of internal billing departments was 11% of the practices' income. Offshore outsourcing costs much less. 


Transcription
Coding
Billing      
Credentialing
EMR
 
Tracobi Provides and manages world-class billing and customer care solutions for online system availability, timely filing, bill accuracy, and critical outputs. This enables your company to focus more on your core business.

Advantages of Outsourcing
This is not core management of business and does not need face to face interaction with clients; Not sacrificing the quality; Immediate savings; No investment; Competitive competence; aving resources by diversifying sources; Unlike in call-center business, there is 24 hr TAT and errors if any would delay the payment but will not destroy the business; Round the clock work; Low tech and labor intensive; Process can be done anywhere on the globe for transmission on the secure internet .
 
Transcription
The software we use is easier for the transcriptionists and cost effective to the clients. Transcribers receive, transcribe, and send transcribed audio files to and from the physician through the secure Internet.
 
Coding
Medical coding is critical step in which patient information is converted into data to be used in the reimbursement process. It is by a process of selecting the appropriate code from the diagnosis and services within the medical source documentation.
 
Billing
Electronic billing Benefits: Faster Payments, Lower Rejection Rates, Claims Filed to All Carriers, and Constant Cash Flow.