Medical Billing in India – Why Outsourcing of Medical Transcription to India makes Sense

Medical Billing – What it is

The most important aspect in the healthcare industry is to take care of patients. This multi-faceted procedure of patient care involves various aspects,medical billing and coding is one of them. It is very vital to have proper documentation of patient data pertaining to patient registration, verifying insurance policies, and updating of patients’ accounts. In order to ensure smooth running of healthcare process, it is important to have an efficient medical billing structure. By means of an effective medical billing physicians are able to access and gain control over the vital patient information conveniently saving much of their valuable time and effort. Now by employing a competent medical billing servicesprovider, one can hugely cut down on the costs of in-house medical billing.Recourse can be taken to medical billing outsourcing when there is an increase in denials and operating costs, accompanied by a lower reimbursement than expected or when more time is spent on the practice administration than patient care. It accurately and quickly process the claims so that it helps in maximizing revenue and improving the cash flow.

Medical Billing Process

The process involves scanning of the data to the servers of the billing companies, where it gets entered into their processing systems to send medical billing information. The setup process starts once the contract is signed. On an average, the process takes 3 – 7 days for most physicians. A paper claims submission approximately takes 90-120 days, whereas standard electronic claims filing will get you the reimbursement from the insurance companies within 7-21 days. There are no extra charges for electronic transmission of claims. The several medical specialties handled are Pediatrics, Psychiatry, Ear Nose & Throat, Orthopedic Surgery, Rheumatology, Family Practice, Emergency Medicine, Neurology, Radiologic Technology and Internal Medicine.

Medical Billing – Why outsource to India?

India is a talent-rich country. India has technological agility, quality, cost control, time-to-market and competitive advantage. India exports software to 95 countries around the world and is home to the biggest IT services companies globally in the form of Wipro,Infosys,TCS. India enjoys the confidence of global corporations with 82% of the US companies ranking India as their first choice for Outsourcing – Medical Transcription, , Call Center, Litigation Services, and Data Conversion & Data Capturing Services etc.  India as of now stands out as a major outsourcing center with facilities available to handle both high end as well as low end services. Most Indian outsourcing service provider companies are quality certified with international certification like ISO-90001 and have resources to handle entire process lifecycle.Companies across the world outsource work to India to stay competitive.

Medical Billing Services in India

The billing companies provide the following services:

• Registration of patient and documentation of charges
• Processing insurance claims and dealing with delayed claims and related problems.
• Generating status reports outlining payments and claims.
• Insurance collection, authentication, and collection of claims.
• Providing regular statements and bills.

Medical Transcription and Billing Companies in India

Here is a list of major Medical Billing Companies in India