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BC Advantage - 2019 Issue 3

The Pros and Cons of In House vs. Outsourced Billing

A whopping 25 to 31 percent of total health care expenditures in the U.S. are administrative costs, according to a time-driven, activity-based costing study published last year in the Journal of the American Medical Association (JAMA) . Researchers studied a large academic health care system with a certified electronic health record system. They concluded that at least 62 percent of their costs were for billing and insurance-related activities. That’s about $20 per primary care visit.These are obviously huge margins for healthcare providers already squeezed by insurers and increasing costs of care. Providers need every dollar they are...

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