Is Outsourcing Medical Billing More Cost-Effective Than In-House Processing?
- Hidden In-House Costs: Managing billing internally seems cheaper but adds up—training, compliance, software, and high denial rates (8–12%) can double actual costs.
- Power of Outsourcing: Partners like Practolytics bring scale, automation, and payer insights—processing 5M+ claims annually across 31 states for faster, more accurate billing.
- True ROI Factors: Real cost-effectiveness includes direct, indirect, and opportunity costs—outsourcing cuts denials by up to 40% and speeds payments by 15–20 days.
- Strategic Advantages: Practolytics offers predictive analytics, credentialing, pre-authorizations, and full-cycle RCM backed by a 1,400+ provider network.
- Growth Partnership: With 20+ years of experience, Practolytics boosts revenue capture, ensures compliance, and reduces staff burnout—driving smarter, sustainable growth.