Top 5 Reasons to Outsource Medical Billing Management in 2023
                     Top 5 Reasons to Outsource 
Medical Billing Management 
in 2023
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
INTRODUCTION
● Did you know? According to an American Hospitals Association report 
in 2019, uncompensated hospital care costs exceeded $620 billion. 
Failures in claims processing, billing, payments, and bad debt 
collection cost healthcare providers $300 billion annually. As per the 
Mckinsey article, 99% of medical bills over $3000 were not paid in full. 
● According to Bloomberg, bankruptcies in the healthcare sector tripled 
in 2017. Eight hospitals declared bankruptcy in the first three quarters 
of 2018, and nine others closed their doors. These statistics highlight 
the major issue confronting US healthcare providers today, i.e., 
revenue erosion. Many factors are responsible for this problem. The 
complexity of regulations, the fragmented nature of the US healthcare 
system, and billing inefficiencies are three major ones. We can only do 
a little about the first two, but we can and must work on the third.
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Top 5 Reasons to Outsource Medical 
Billing Management in 2023:
Reasons to outsource medical billing management in 2023.The best 
alternative to deal with such a scenario is 
outsourcing medical billing and coding to the experts to reap the following 
benefits:
1. Efficient Workflows
2. Scalability of Services
3. Highly Integrated Electronic Health Records (EHR)
4. Access to Expert Consulting
5. Fewer Medical Billing Errors
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Partnering with 24/7 Medical Billing 
Services
● According to a case study published in 2019, global medical 
billing outsourcing could reach $449,623.8 million by 2023, with a 
12.3% annual growth rate. In short, medical billing outsourcing 
businesses are about to explode.
Although outsourcing medical billing is not a novel concept, 
healthcare facilities and providers need help deciding whether to 
outsource medical billing management processes. 
The primary source of concern is the risk of entrusting their 
billing process to the wrong hands, along with the daunting task 
of locating the best medical billing and coding partner. So, why 
worry when the expert team of 24/7 Medical Billing Services is in 
place for your assistance?
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
CONCLUSION
● We at  24/7 Medical Billing Services, you choose a team that 
holds an experience of decade in medical billing services & 
revenue cycle management (RCM) services. The process of 
medical billing is stated as the process of communication 
between the medical provider and the insurance company.
● We firmly believe in updating ourselves with the technology 
as well as the trends. We have a satisfied clientele who have 
been with us for long & have recommended us to their 
friends & colleagues. We have expertise for 
Medical Billing Outsourcing services. 
● Choose us to handle your medical billing because of our 
knowledge, experience, Skills, and we always treat our 
patients with care.
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
ABOUT US
About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nation’s 
leading medical billing service provider catering services to more 
than 43 specialties across the entire 50 states. You can rely on us 
for end-to-end revenue cycle management.We guarantee up to 
10-20% increase in revenue with cost reduction of your practice 
for up to 50%. 
    
Media Contact:
Hari Sudan, Media Relations,
24/7 Medical Billing Services,
16192 Coastal Hwy, 
Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - [email protected]
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Thanks
Do you have any questions?
[email protected]
+ 1 -888-502-0537
247medicalbillingservices.com
 
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/