For independent medical practices, choosing a medical billing company can be a confusing process.
The first step to gain clarity is to understand the industry. In general, there are three categories of independent medical billing companies:
Large companies with more than 100 clients
Mid-size companies with 25-100 clients
Smaller companies with less than 25 clients
Viewed from this perspective, it’s easier to see patterns in the industry. In each tier, a medical company will be more likely to have certain strengths as well as weaknesses, and will be more likely to offer certain services as opposed to others.
Once you know what to look for, you’ll be in better position to select the best billing partner for your practice.
Let’s get started.
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