MISSION
THE SINGLE MOST IMPORTANT TACTICAL REASON FOR OUTSOURCING THE MEDICAL BILLING FUNCTION IS TO REDUCE AND CONTROL OPERATING COSTS.
REDUCING OVERHEAD AND DEVELOPING A STEADY CASH FLOW WILL ONLY ENHANCE THE PRACTICE'S REVENUE.
REDIRECT THE MEDICAL PRACTICES RESOURCES FROM NON-PRACTICE ACTIVITIES TOWARDS ACTIVITIES THAT HAVE THE GREATER RETURN IN PROVIDING MEDICAL SERVICES TO PATIENTS. BY OUTSOURCING A NON-CORE FUNCTION SUCH AS MEDICAL BILLING, STAFF’S ENERGY IS FREE TO FOCUS ON GREATER VALUE ADDING ACTIVITIES FOR THE PRACTICE.
BY OUTSOURCING THE BILLING FUNCTION TO IBS, MEDICAL PRACTICES CAN DILUTE PRECIOUS RESOURCES AND DECREASE FLEXIBILITY AND AGILITY WHILE PHYSICIANS ARE ABLE TO CONCENTRATE ON PRACTICING MEDICINE INSTEAD OF THE VARIED SUPPORT FUNCTIONS REQUIRED TO RUN A SUCCESSFUL PRACTICE.
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