Benefits:
Why Chakra Info Solutions?
- An end to end service provider with on-shore/offshore capabilities
- Scalability, Reliability with improved quality
- Highly Cost Effective Solutions - upto 50% cost reduction
- Quick response and turnaround times as we are always able to fully staff each and every project
- 24*7 operations and customer support
- As the company owner, you focus your time on bringing in new physician accounts and not on hiring, training, and motivating ineffective staff.
- Our billing experts assist your staff in charge-entry, payment posting and other manual chores while your billing staffs focus on negotiating payments with payers and on improving collections for your physician customers
Access to domain expertise team with good experience in outsourcing industry
Reduced Human Resource Costs
Eliminate hiring costs
Eliminate staff training costs
Eliminate employee benefit costs
Eliminate payroll taxes
Eliminate worker's compensation costs
Reduced Information Technology Costs
Eliminate software purchases/maintenance costs
Eliminate hardware upgrade costs
Client Account Management
Personalized client services
Dedicated Account Representative
Experienced and Well-Trained Employees
Initial training of one month followed by consistent quality checks
Continuing education and auditing performed
Exceptional Quality
Performance measures applied and tracked
Accuracy rates tested and maintained
Electronic Claims Processing
Claims submitted electronically daily
Audit reports received within 24 hours
Space used for billing department could be transferred into a revenue-generating examination or treatment room
Doctor’s loss of time that could have been spent seeing patient, and is instead spent on billing department
On the other hand if you continue to do it in house...
What happens when you grow or when the work begins to pile up because of continuous backlogs?
It is time to hire another biller. Take a look at the chart below; this chart details what happens when a practice hires another biller.
When hiring one biller, cost increase tremendously. Workload has not yet seen a big increase, but it will happen over time. Until workload is increased, the biller will be left idle for most of the time and that idle time can be costly.
If you take a look at the outsourcing cost line, you will see that with an outsourcing module, cost is smooth as a percentage of revenues.
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