My wife and I recently began an extensive remodel of our kitchen, laundry and downstairs bath. Before he began, our contractor, Rodney (his real name) began to walk us through the process from demolition to completion. Having spent more time than I care to admit watching the DIY Network, I quickly jumped in to claim the demo part of the project. I reasoned that, like the home owners on “I Hate My Kitchen,” I could at least break stuff and throw it away.
Rodney explained he would handle the permits, carpentry, cabinet and counter top installation, and hiring and managing the electrical, plumbing, drywall, flooring, and painting subcontractors. Turns out that Rodney, a successful contractor with a solid reputation, doesn’t do the stuff he either doesn’t like to do, or the stuff he knows other experts can do better.
You can see where I’m going with this. Everybody outsources. I can lay some flooring, hang some rock and wire the occasional ceiling fan, but the experts can do it faster and better. While I’m very competent at kitchen demolition, my finest efforts at the skilled positions would at best show mixed results, and could prove catastrophic.
Revenue Cycle Management is a skilled position.
Every day we work with physicians who want to be paid fairly for the work they do. Many of them are discovering that despite their best efforts medical billing has become too complex to be managed by hard work and good intentions alone. Asking qualified experts to manage the revenue cycle – let’s call it “better-sourcing” – in order to achieve superior results is increasingly a favorable choice for providers faced with lower reimbursement and tighter margins.
Contact the experts at The Cvikota Company (thebillingpros.com) and share what’s on your mind. Ask us about how we can contribute to your bottom line and help your practice enjoy greater success.