Would you believe that premium Revenue Cycle Management services can save you money? With Merem, you absolutely can.
Using data sourced from AAPC and the US Bureau of Labor Statistics, we estimate that the total annual cost of keeping 1 medical biller and 1 CPC certified medical coder on your payroll is $113,000. That does not even include the cost of managing your in-house team or the capital costs associated such as technology and equipment purchases, the cost of maintaining their education and certification, or supplies expenses.
In addition to the expense of keeping your billing and coding in-house, you lose productivity for every sick day and vacation they take. And what is your contingency plan in the event of employee turnover? Temp agencies are even more expensive, but you must keep the Revenue Cycle moving or your cash-flow will stop; so, what do you do?
Do your payroll and your practice a favor and put you Revenue Cycle in the capable and experienced hands of Merem Healthcare Solutions.