Top 5 Reasons To Outsource Medical Billing Management In 2023
                     Top 5 Reasons To Outsource Medical 
Billing Management In 2023
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Top 5 Reasons To Outsource Medical 
Billing Management In 2023
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. Let’s discuss reasons to 
outsource medical billing management in 2023.
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Top 5 Reasons To Outsource Medical 
Billing Management In 2023
The best alternative to deal with such a scenario is 
outsourcing medical billing services to the experts to reap the 
following benefits:
 Efficient Workflows
 Scalability of Services
 Highly Integrated Electronic Health Records (EHR)
 Access to Expert Consulting
 Fewer Medical Billing Errors
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Outsource Medical Billing to 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 company. So, why 
worry when the expert team of 24/7 Medical Billing Services is in place 
for your assistance? Book a free consultation appointment with the team 
right now.
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WWW.247MEDICALBILLINGSERVICES.COM/
About Us
We are a medical billing company that offers ‘
24/7 Medical Billing Services’ and support physicians, hospitals, 
medical institutions and group practices with our end to end medical 
billing solutions. We help you earn more revenue with our quick and 
affordable services. Our customized Revenue Cycle Management 
(RCM) solutions allow physicians to attract additional revenue and 
reduce administrative burden or losses.
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Contact Us
Media Contact:
24/7 Medical Billing Services
Georgia
3001 Greenfield Drive, Marietta GA 30068
Ohio
28405 Osborn Road, Cleveland, OH 44140
Texas
2028 E Ben White Blvd, #240-1030 Austin TX, 78741
Delaware
16192 Coastal Highway, Lewes, Delaware 19958, United States
Phone no / Fax :  +1 888-502-0537
                          Email us: [email protected]
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