And yes, they don't take anyone who does not have EHR, like most of these companies.I am at a loss, if that is how the business is done, then where is the problem?
There are dozens of huge companies who do this business, actually well over 80% of the business is done by a handful of companies, they ALL outsource.One company, which is public so their records are public information; Athena Health symbol ATHN, is valued at 2.2 Billion dollars; its CEO got paid $300 million dollars (including stocks) last year, he is not in jail , he is doing fine, living in a mansion of 50 million dollars. Again all of this is public information.By the way they charge 6.5%.
Athena is probably doing everything right, but I doubt that they all are. BTW are you working for Athena? Because it sure sounds like a sales pitch.This forum is a great place for back and forth discussion about ALL the complexities of Medical Billing, not just a soap box for doing it ONE way. As a nation, we are built on a lot of small businesses. True, there are large companies, making lots of money, but this forum is mostly about the little guy or the newbie or the person who wants the American dream of owning their own business.There are laws in place (some good, some bad, some well intentioned but with bad consequences) that we ALL have to follow. The big guys can pay the fines and pass the costs on to their consumers, the little guy needs to do it RIGHT the first time and all the time. If you don't understand this, you don't understand most of the people in this forum.
The flip side of this technology is that billers are available at very low cost; I plan to pay 1% of the collections revenue cycle managment, and I have no shortage of them in United States; no need to go off shore.The technology did not eliminate the job of billers, but it made their jobs scarcer to find.