When we’re not alien to the term payasyougo, it is a present is catching the imagination of physicians opting for outsourced medical billing answers. Unlike in the past, when payasyougo was sporadically availed by several physicians, it is now emerging as a viable alternative to longterm contractual medical billing services. Highly. what is this payasyougo service model really and what makes it so affable to physicians opting for outsourced medical billing services Much true to its name, payasyougo service model is a niche medical billing service wherein physicians are obliged spend for their service provider ensuring percentage of the eventual reimbursement only when they approach for getting their bills reimbursed.
Usually, Medical office solutions and services is worked out prior to soliciting payasyougo medical billing services from prospective medical billing companies. The good reason the presentday generation physicians deem payasyougo service model appropriate is primarily because of their restrictive financial ability as well as being able to transact on valuebased system. The surge in the need for payasyougo service model has its roots in a regarding factors spiraling cost of contractual billing services, continuous fall in reimbursement rates, rapid increase in standalone or small physician practices, and less incidence of insurancebacked medical services, popularly known as cashbased features.
The thought of countering this adverse impact on physicians revenues through inhouse medical billing seems to lost its significance amidst the monumental cost having switch over to mandatory EHR, and the ensuing ICD & HIPAA compliant clinical and operational require. While physicians are convinced of the efficacy of payasyougo service model in countering their sagging revenue fortunes, service providers need to be equally responsive to such demand from physicians. Notwithstanding it being an additional service portfolio in the medical billing companies service offering, many medical billing companies are apprehensive of the future of the contractual model.