Are you interested in outsourcing the medical billing process of your healthcare facility? But don’t know the cost of outsourcing the medical billing process. If yes, then we will unveil the cost involved in it. Although medical billing services costs vary from organization to organization.

outsource medical billing
Photo by Vlada Karpovich

Usually, it ranges from $1,000 to $10,000 a month. See, several factors determine the cost to outsource the medical billing process. Today, in this read, we will unveil those factors, and you can then decide whether it will be feasible to outsource your medical billing process or not.

Size of healthcare facility

The size of your healthcare practice is a major factor in determining the cost of outsourcing medical billing. If it is a start-up or small organization, the cost of outsourcing will not be much. But if it is the bigger one, then the cost may be high.

Analyze the actual requirements

It is advised you that don’t follow the trend without analyzing the requirement of your healthcare organization. For example, suppose you are facing difficulties in managing both administrative and financial work and providing care to the patients. In that case, you can think of outsourcing your medical billing process.

Here, one more thing that you need to consider is whether you want to fully outsource your administrative task and medical billing to a third party or want to manage some of them on your own. Then, as per the requirements, you can decide to avail the medical billing service from a reliable company.

Will it impact customers’ experience?

One more thing that needs your special attention here is that will outsourcing impact your customers’ experience in any way. Before outsourcing your medical billing, the best of your knowledge is to talk to the health professionals who have already outsourced their medical billing process to a third party. Then, hire a medical billing company that improves the customer experience once you avail their medical billing service.

Discussion with medical billing companies require

Several companies offer outstanding medical billing services. You can contact several companies and choose the best one for you. First, select the company that understands your medical billing process well and offers affordable services. Then, compare the service cost of two or more companies and assign the agreement with the one that provides better value for your money.

Cost of outsourcing medical billing

As it is clear from above, the cost of outsourcing medical billing to a 3rd party doesn’t depend on one factor. Therefore, we can’t predict the exact cost of outsourcing medical billing without knowing your requirements. But we are sure that after reading this guide you may have an idea of its cost. Also, you would give you a few other ideas that will help you analyze the cost of outsourcing medical billing services. For example, a few companies charges from 2% to 4%, and others charge an average of 8% from the collected revenue.  

Moreover, you can take the help of This company helps you choose the ideal medical billing services providers and medical billing software for your healthcare organization. Also, you can read honest customer reviews about the medical billing company or software you choose for yourself.