To thrive in this cutthroat competitive healthcare industry, a medical organization needs to deliver intelligent workflows that maximize consumer experience and patient outcomes. Maintaining such operational efficiency is especially relevant in the current state of ever-increasing healthcare emergencies. To overcome these challenges and also keep costs under control, medical institutions and organizations outsource their non-core business processes, including coding, billing services, transcription, etc from a third-party firm.
The optimal use of artificial intelligence and expert professionals ensures constant business growth and increase in revenues. According to a recent study, the need for healthcare BPO is subject to grow at a CAGR of around 9.4% from 2020 to 2027, till which time, the industry will reach the market value of around US$ 385.8 Bn.
Read moreImproved Patient Care – Outsourcing non-core activities frees us time of healthcare professionals by reducing workload, making room for better patient care. This enhances consumer satisfaction.
Access to Skilled Workforce – Outsourcing means getting your work done from pioneers in the field who have worked in the niche for several years and have correct knowledge and expertise in using cutting-edge technology.
Economical – When done in-house, the medical billing tasks are not only tedious, they also take away focus from core competencies. Further, such processes excessively increase the operational costs levied in hiring, training, managing and infra. On the contrary, handling back-office work over to a healthcare BPO reduces cost and expenditure and ensures quality, accurate services.
Improved Customer Experience – Healthcare BPO effectively handles inbound and outbounds services, such as prescription assistance and pharmacy, medical insurance certification, appointment scheduling, reminders and claims management, physician’s referrals, revenue recovery and billing to improve customer experience.
Dodge Heavy Forfeits – All patient-related data in healthcare industry is sensitive and needs to be handled with care and confidentiality. Moreover, it is also necessary to meet certain guidelines issued for healthcare organizations and stay updated with all required information to avoid denials in insurance. Choosing a competent BPO delivers just that, leaving no room for faults and fallacies.