In-House Billing vs. BMC
In-House: You will experience Employee issues such as finding good help. Employees have no
incentive for performance when paid hourly or salary.
BMC: We can reduce your headaches. We have access to more resources and the competency of
a qualified billing staff.
In-House: You will experience a High turnover.
BMC: We will assume the responsibility to ensure accuracy and without time delay. There is no
hiring and no employment costs for recruiting, training, and sustaining employees on the practice.
In-House: You will have to Investment in software and hardware which is costly. Packages can
range from $5,000 to $150,000, depending on the size and features required.
BMC: We are very particular in the billing software that we use as a tool to handle our client base.
In order to keep our clients and maintain a good standing as a submitter, our choice of software is
able to adapt to a changing electronic age and specification demands, as set forth by the insurance
marketplace.
In-House: Findings and studies have shown that the average practice operates on 50-75 percent of
"true income".
BMC: Our income is generated by our high yield of collections and results.
In-House: Often, in-house billing staff are pulled away from billing to assist with other shortages in
staffing within an office that are unrelated to billing and collections activities.
BMC: Our employees are only focused on billing and collection concerns. Employees are not
distracted by the external forces present in a medical office.
In-House: Most errors occur at the front office concerning their ability to obtain accurate and
complete patient demographic data entry.
BMC: We are required to maintain a low error ratio in order to be an approved vendor.
In-House: Has Control over receivables.
BMC: You still have control over your receivables. You will have an ongoing relationship with us to
obtain valid and reliable reports. Tracking trends in coding, changes to payer mixes, and aging of
receivables on an ongoing basis enables you to have a "handle" on your practice. With BMC, this will
be seamless as to where the office ends and the billing companies begin.
In-House: Billing Personnel salaries
BMC: By using BMC, you will have a cost-effective alternative to reduce overhead costs and
increase income. Win-Win situation.
