When a medical practice is unable to pay its bills, it dies. Small practices may find it difficult to manage invoicing tasks internally. Without proper billing management, a practice can lose revenue, encounter delays in payment, and even face legal consequences. What Is A Billing Company. Billing companies step in at this point. A billing company is a third-party entity that handles the billing and collection of fees for medical services provided by healthcare providers. The billing of medical services is one of such duties. Small medical practices frequently have constrained staffing, technological, and time resources.
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