Optimize Patient Billing with Partner API Integration
In today’s healthcare landscape, improving the patient experience is a vital step in creating a seamless revenue cycle . Properly engaged patients spend less time with customer service and pay their financial obligations in a quicker manner. Recent data confirms that offering patients a customizable billing solution including estatements and digital payment options results in higher patient satisfaction and increased practice revenues; so why aren’t more healthcare systems offering customizable solutions? Outsourcing and Medical Billing APIs In the past, many practices chose to handle billing and payment collection in-house, resulting in limited technology development due to restricted monetary and personnel resources. However, partnering with a third-party vendor is becoming the new industry standard. In fact, the global medical billing outsourcing market size was valued at USD 10.2 billion in 2020 and is expected to expand at a compound annual growth rate of 12.66% from 2021