Each new year introduces the latest challenges and complexities related to the healthcare industry. These challenges include MIPS, a switch from FFS to Value-Based Reimbursement, Meaningful Use, ACA, HIPAA, ACOs, ICD-10, PQRS, Bundled Payments, declining reimbursement rates, or increased patient payment responsibilities, to name a few. Because of these changes, many practices partner with an outsourced medical billing or revenue cycle management firm. In-house medical billing may seem like the path to save your practice money. But is it saving you money? It is essential to know how much in-house medical billing is costing you to see if you'd benefit from outsourcing your medical billing to save your practice time and money. Before choosing a medical billing and reimbursement path, skim this list to see your practice's costs: Salary and wages: Your total cost includes the salary and all additional annual monetary payments of individuals involved in the billing and reimbursement ...