Written by Sandy Dixon, CPC, Senior Consultant, Michelle Reese, CPC, Senior Consultant, Tess Turri, CPC, Senior Consultant, Paragon Health
As physician practices navigate increasingly challenging times, with reductions in reimbursement, increasing costs and a heightening regulatory environment, developing and deploying best business practices becomes increasingly difficult. With practices already running on scarce resources, training individuals to become highly specialized in key areas is challenging. The problem is a lack of appropriate expertise in an area such as coding can prove to be financially unwise. Here are five ways outsourcing rather than insourcing coding compliance and education functions can be a better fit for the overall operations of a physician practice.
