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Why costs rise when physicians consolidate

April 25, 2018
Business Affairs

Some doctors and staff have found that offsite billing and collection makes it much easier to run the office. That one staff member who used to spend the day chasing down insurance reimbursement can now be better utilized to improve patient flow and patient care.

Improved patient flow, along with more attention to patient care, increases patient satisfaction. Happier patients will increase the practice’s bottom line.

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About the Author: Dr. Karun Philip is the chairman, CEO and a co-founder of Tranquilmoney. Prior to this, Dr. Philip ran Imagine Technologies Inc., a company focused on using proprietary imaging and workflow technologies to enable and outsource remote back office operations for the healthcare industries. Dr. Philip has an M.S. and Ph.D. in Computer Engineering and Biomedical Engineering from the University of Iowa, and a B.E. in Electrical Engineering from Birla Institute of Technology & Science, Pilani, India. Before founding Imagine Technologies, Dr. Philip worked in the R&D center at TCS, India's largest Software Company, in the field of imaging technology.

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