Outsourcing medical billing to India can result in cost savings of up to 30-40% for healthcare providers, according to a report by Black Book Market Research.
India's medical billing industry is estimated to be worth over $10 billion and employs over 150,000 people, indicating the high level of expertise available.
Outsourcing medical billing can reduce the time to process claims by up to 50%, according to a survey by the Medical Group Management Association.
Outsourcing can significantly reduce the 785 hours per year that healthcare providers spend on administrative tasks, including medical billing, according to a study by the Health Affairs journal.
The medical billing outsourcing market in India is expected to grow by $2.58 billion from 2020 to 2024, according to a report by Technavio, indicating the scalability of the industry.
Medical billing professionals in India are highly skilled and can reduce errors in medical claims, which can result in fewer denials, according to a study by the American Medical Association.
Medical billing professionals in India are certified by the American Academy of Professional Coders or the American Health Information Management Association, ensuring they are up-to-date on the latest healthcare regulations and compliance requirements.
Outsourcing to India allows healthcare providers to choose the billing services they need and customize them to fit their specific requirements.
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