Welcome to Diamex Management

Benefits of Outsourcing

Outsourcing is often defined as the transfer of activities or processes to a third party for some type of benefit including cost reductions, increased efficiencies, access to flexible labor pools and ability to focus on core competencies.

Outsourcing is an excellent means for reducing expenses in way that increase income, cash flow and ROA (Return of Assets).

When considering outsourcing versus in-house billing, consider the following:

Lower costs
Verifiable higher productivity
No drop in quality, it may actually improve.

You pay only for the actual work performed.

No overtime costs.

No taxes on employee salaries.

No employee benefits.

No advertising/recruiting costs.

Electronic storage and security for backup and future reference.

We can work on weekends and holidays at normal rates.

Turnaround time on any of our solutions can be customized

Digital Technology makes it all possible; and with global resources that are properly trained and managed, quality is equal or better.

Benefit from Outsourcing of Medical Billing Services

Smart, intelligent people/companies, medical practitioner and businesses who want to stay ahead of others, are outsourcing to facilities management. Things like Payroll, tax service, bookkeeping, marketing, are now routinely handed over to professional companies that specialize in their respective areas.

A Doctor or medical professional has many things to worry. That's why many medical practitioners opt for outsourcing their medical management. Outsourcing helps the doctors and other medical professionals to do their jobs, instead of shuffling through endless insurance forms, Medicare regulations etc. Outsourcing allows companies to save two very important things TIME and MONEY. Their time is freed up to focus on the things they are good at. We provide comprehensive, compliant Medical Practice Management solution for medical professionals. Our force is manned by highly competent professionals engaged in soliciting clients. We help you focus on your business goals and objectives by undertaking your non-core business processes in a cost effective manner.

Cost Benefit:

With the help of In House Billing Cost Calculator one can calculate the Annual Billing cost and compare the savings:

In house billing cost calculators

Billing Cost Salaries
	Gross Salary
	Social Security (6.2%)
	Medicare (1.45%)
	Number of Billing Employees
	Unemployment Insurance - Federal (0.8)%
	Unemployment Insurance - State (2.7)%**
	Insurance Costs
	Retirement Plans
	Hiring Cost (Amount paid to Consultants)
	Training & Continuing Education of Billing Staff
	Computer and Calling Cost
	Computer Cost- Purchase or Lease
	Maintenance Contract for Hardware
	Telephone Lines
	Other Expenses
	Office Supplies - Printing & Stationery
	Annual Rent on Office
	% Space Used by Billing Staff
	Rent
	Other Miscellaneous


	ANNUAL OUT-OF-POCKET BILLING COSTS

In addition, there are many intangible costs of in-house billing. When your billing staff is out, chances are charges are not being submitted, which delays collections. Moreover, staff turnover and other pressing demands of your busy practice cause delays in getting claims out and follow-up on accounts. Finally, there is the hassle factor of managing billing staff - hiring and training, monitoring performance, discipline, coverage for time off, etc.