Administrative costs account for an estimated 25% – 31% of healthcare expenses in the United States. Healthcare organizations can mitigate these costs by outsourcing administrative tasks such as prior authorizations, credentialing, verification of benefits, or even managing patient calls. Healthcare Data Source Management, Inc has helped medical practices streamline these duties which decreased their overhead allowing for a healthier bottom line and a better allocation of resources.
Advantages to outsourcing include access to specialized knowledge and skills, efficiency, and is an expedient way to increase financial growth.