When it comes to choosing between in-house billing and outsourcing, your company’s financial well-being is on the line. To ensure you make the right decision, here are five common pitfalls you should steer clear of:
- 💰 Neglecting Cost Considerations: In-house billing might seem cost-effective initially, but it can hide expenses like office space, remote worker management, and payroll taxes. As your business grows, these hidden costs can outweigh the fees charged by billing companies.
- 😫 Ignoring Staff Challenges: Don’t forget that employees change jobs, become sick, and take vacations. One person handling all of your billing requirements puts a lot of eggs in one very crucial basket.
- 🚀 Startup Stumble: If you’re a startup, don’t make billing the battleground. Focus on your core strengths and leave billing complexities to the experts who specialize in ABA and special needs billing.
- 🌍 Overlooking Location: When outsourcing, not all billing companies are equal. Investigate their location—whether in the US or overseas—to ensure they meet your needs.
- 🧐 Skipping Due Diligence: To avoid potential disasters, ask these critical questions:
• How long has the billing company been in business?
• What experience do they have in ABA billing? (billing for other disciplines is not the same as ABA!)
• Have they ever faced legal issues?
• Do they carry liability insurance specifically Errors and Omission insurance?
• Do they conduct employee background checks?
At ABA Building Blocks, we understand the gravity of your billing decision. Every member of our billing team is an ABA Expert. We have a team-based approach ensuring that your account is a priority every day and YES, we background check every employee! Reach out today for a consultation and unlock your financial potential! 🌟
