Why PBS?
The PBS advantage
- Increased collections - Billing professionals with experience in your specialty.
- Reduced expenses - wages, benefits, workman's compensation, computers, telephones and office space.
- Eliminate downtime due to illness, vacation and/or turnover
- Reduced technology requirements - Our proprietary Practice Management Software along with all support, provided at no cost to billing clients.
- Increased control of billing - Monthly reports and periodic review to ensure accountability.
Justification of Benefits
- Expert billers with thorough supervision and established performance goals and expectations improve collections.
- Cost of labor is one of the most significant expenses associated with billing. Wages, health insurance, retirement, workman's compensation, vacation, sick time, training, office space, desks, telephones, computers, billing software/systems all add up to significant expenditures. When considering the amount of time spent on hold chasing down claims you begin to understand the amount of wasted time you are paying on. By outsourcing your billing you are paying on productivity rather than a fixed price.
- Aside from the direct cost of paying an employee's sick and/or vacation time, there are far more expensive consequences from employees being out. If claims aren't sent out/followed-up promptly, the backlog of work mounts quickly; in these instances the practice's cash flow is negatively impacted. Staff turnover poses a more important problem as good employees are sometimes hard to find and regardless of whom you find, there is going to be a lag until they are proficient in your office.
- Practice Management Systems are expensive and support can be a significant burden. Purchasing and installing new hardware and maintaining office networks can be intimidating endeavors. Our business model is one of a reciprocal relationship. We benefit from your practice having the best tools for the job. All billing clients receive unlimited access and free use of our Practice Management System.
Our technical staff will install our systems and configure your office network to allow complete systems access and maximized operational efficiencies. Highly trained client support professionals are available to assist your practice with all software and technically related questions.