https://www.mgsionline.com/why-outsource.html Outsourcing company recognizes your needs and addresses the revenue cycle challenges appropriately to enhance financial workflows

1. Choosing Best Revenue
Cycle Management
Outsourcing Company
www.mgsionline.com

2.  Outsourcing medical billing and coding proves t
o be most efficient and productive solution for r
evenue cycle management.
 The greatest challenges encountered by practice
s are loss of revenue due to unsettled transactio
n.
 Not all providers can naturally handle the billin
g process in house, glitches like billing and codi
ng errors, denial and rejected claims, staff attriti
on and absenteeism, hiring and training new co
ders and billers, audit files for untrained workfo
rce can be time consuming, affecting the core re
sponsibility of patient care, hence outsourcing r
evenue cycle management seems to be prudent
work model adopted by many practices.

3. Benefits of Outsourcing Revenue Cycle Management
 Cost effective medical billing services by reducing the overhead cost namely infrastruct
ure, hiring, and training and petty cash expenses.
 Well trained and experienced team of billers and coder to work at the backend seamles
sly.
 Leverage on the HIPAA Compliance to protect your patient data and increase revenue.
 Outsourced billing company provides 24/7 services to ensure rapid turnaround time.
 Improved and efficient services adopting latest technologies to fasten and ease the billi
ng process.
 Streamlined workflow which standardizes reporting structures for increased reimburse
ment and boost cash flow!
The current market has a plethora of vendors to choose from, selecting a competent
partner who can ease and smoothen your billing process is a definite challenge. Let
us discuss on some tips to help you choose the best revenue cycle management outs
ourcing company.

4. Check The Age of Your RCM Company
 Billing company’s experience and expertise can be ascertained by checking
on the number of years they have been in business.
 More number of years in the industry signifies more experience in handling
and troubleshooting claim disputes and unsettled transactions and increase
d knowledge and expertise in servicing various scopes and specialties.
 Presence of the RCM Company for long years in the market also illustrates t
heir integrity and reputation.

5. Client Reference and Reviews:
 A company who has been in business for more years should be able to s
howcase positive reviews and feedbacks from their clientele.
 Checking for client reference can help you understand their quality of s
ervices, experience, scopes and specialties handled, software expertise a
nd geographical spreads.
 It better helps you pick up a vendor to suit your requirement.

6. HIPAA Standards and Compliance:
 Double check and see if the RCM Company you select is compliant wi
th the HIPAA Standards to protect your patient’s health information.
 Ensure your patient data is in safe hands by choosing a medical billing
partner who abides by HIPAA compliance and have stringent protocols
to safeguard PHI and other business related data

7. Billing and Coding Team
 Ensuring the daily chores of your billing process is handled by deft hands is
quintessential.
 The expertise of the team working on your billing and coding determines the
quality of your claims and entail them for complete reimbursement.
 Your Outsourced billing partner should have multispecialty coders certified
by AAPC, therefore it is essential to analyze the team’s qualification, certifica
tion and experience before you confer your business process to a third party
vendor.

8. Streamline and Increased Cash Flow:
 Medical billing company with long experience who has invested in resources, te
chnology and Knowledge gaining should be able to enhance your overall busine
ss process and profitability as an experienced medical billing company working
with multiple clients, they have knowledge and knows various methods to assist
you get the maximum reimbursement for the claims submitted.

9. About MGSI
 MGSI is a national Medical Billing Company with over 25 years of experienc
e servicing Practices, Medical Groups, IPA’s and Medical Centers, etc.
 MGSI is a multi-specialty medical billing company with experience handling
25+ specialties across US.
 Choosing MGSI as your outsourced billing partner can help you better u
tilize your time, resource and experience for enhanced patient care, while we
help stabilize your cash flow and increase profitability.
 To know more about MGSI and the services we offer, log on to www.mgsionl
ine.com.

10. Thank you
www.mgsionline.com
877-896-6474