New Jersey is one of the highest paying states for the IT sector of healthcare industry in the US, and medical record jobs too. However, many practices choose to outsource their billing requirements as they cannot afford to hire skilled coders and billers at an attractive pay package. http://goo.gl/40XDvf

1. Call now 888-357-3226 (Toll Free)
info@medicalbillers.com
www.medicalbillersandcoders.com
Copyright ©-2014 MBC. All Rights Reserved1
Why New Jersey Physicians Choose to Outsource Medical Billing?
New Jersey is one of the highest paying states for the IT sector of healthcare industry in the US, and
medical record jobs too. However, many practices choose to outsource their billing requirements as
they cannot afford to hire skilled coders and billers at an attractive pay package.
Cost of hiring skilled professional and efficiency of carrying out the entire billing process are two
major factors due to which practices in New Jersey prefer to outsource. Hiring a medical billing
company is more affordable compared to maintaining an in-house billing department. It gives the
providers more time to focus on performing the core clinical tasks and other related issues.
Outsourcing is extremely beneficial for small practices because it enables them to tackle the monetary
constraints more effectively and deal with shortage of skilled resources. Healthcare reforms have
increased the billing and coding complexities. In order to get paid on time, practices need billers with
the much needed expertise. Due to the lack of resources, employees at small practices are forced to
balance between billing, patient care and other clerical duties. This creates room for billing errors and
affects the revenue cycle in the long run.
 Medical billing outsourcing can increase the revenue of a practice from 5% to 30%
 According to the AMA, medical practices spend as much as $100,000 per month on underpaid,
denied and resubmitted claims
 Practices can save around $17 billion annually by eliminating medical claims errors
 Mistakes can be found in every five to ten percent of submitted claims
Common Billing Challenges Faced by New Jersey Physicians
 Practices face difficulties in collecting full co-pays upfront which affects their revenue cycle
 Staff is not updated with the latest billing and coding reforms due to which error-free claim
filing becomes difficult
 Many practices fail to perform an auto-check of insurance coverage electronically. This leads to
medical billing issues and revenue losses, because patients are not always fully aware of their
insurance coverage
 Hiring and retaining skilled billing staff is also a common challenge faced by many New Jersey
practices

2. Call now 888-357-3226 (Toll Free)
info@medicalbillers.com
www.medicalbillersandcoders.com
Copyright ©-2014 MBC. All Rights Reserved2
How is a Medical Billing Company Benefitting Practices?
Outsourcing to billing companies like MedicalBillersandCoders.com has helped providers sail through
reimbursement challenges. They have increased collections of a practice and enhanced the quality of
patient care.
A professional, well-trained team of coders and billers at MBC has relieved providers from time-
consuming administrative tasks. Outsourcing has enabled them to bring down their operational costs,
maximize the revenue generation, and minimize claims denials resulting from billing errors and lack
of follow-ups. MBC offers effective New Jersey(NJ) billing services, HIPAA compliance, EHR assistance
and various other services to help practices strengthen their RCM. The company has been serving
hospitals and private practices across all the states in the US.
Healthcare reforms have increased the workload of physicians, forcing them to divide their time
between clinical tasks, administrative functions and patient care. Due to payment cuts, they are
unable to hire skilled coders and billers or train the existing ones. In such scenario, outsourcing has
proved to be effective in helping providers sail through the RCM challenges.
A dedicated billing and coding team takes care of filing timely claims, following up with insurance
companies, managing denials, ensuring HIPAA compliance and other daunting tasks. Since the vital
tasks are handled by professionals, physicians can focus on performing their basic task.