Healthcare is one of the biggest industries in the world, home healthcare being just one sub-category of that industry. Diagnosing and treating patients has always been the focus of the business of healthcare. To achieve success requires a balance of resources and manpower so that quality patient care can be provided.
When it comes to outsourcing, the healthcare sector lags behind other industries. Until recent years, the nature of healthcare as a business was not thought to be conducive or able to be benefited by outsourcing. Outsourcing within the healthcare market, however, has grown by over 10% since the Affordable Care Act was implemented.
The benefits of outsourcing are directly relatable in home healthcare. Outsourcing of coding and OASIS review can improve or decrease your time to RAP, therefore maximizing your cash flow, making funds available sooner and giving you the best opportunity for the highest episode payment possible.
There are additional benefits to the agency as well:
- Agencies can save money by outsourcing tasks which would have to be carried out by hired in-house employees.
- Outsourcing partners handle the professionals thereby saving the company the cost of acquiring the additional staff and training them.
- The professional outsourced team keeps themselves updated to the latest changes in regulations and standards which is additionally a cost savings to the company.
- One of the biggest advantages is the availability of skilled professionals who have the expertise and experience to perform the work on short notice.
- Outsourcing eliminates any distractions allowing staff to focus on patient care.