3 Ways Third-Party Medical Billing Can Streamline Your Operations

One of the most significant benefits of outsourcing medical billing is faster revenue collection. Many practices struggle to manage claims in-house, resulting in delayed payments and increased administrative work. According to HealthLeaders, 77% of providers indicate that it typically takes over a month to collect payment after providing services. Third-party billing companies specialize in claims processing and follow-up, reducing delays and ensuring that practices receive payment promptly. By accelerating revenue collection, medical practices can maintain cash flow, invest in new resources, and reduce financial stress.

Medical billing involves complex coding, insurance verification, and compliance with constantly changing regulations. These tasks can consume hours of staff time that could be better spent on patient care. Third-party medical billing companies take over these responsibilities, handling everything from claim submission to managing denials. This reduction in administrative burden not only improves staff productivity but also decreases the risk of errors that can result in denied claims. Practices benefit from more efficient workflows, less paperwork, and a smoother day-to-day operation.

Beyond processing claims, third-party billing services provide detailed financial reporting and analytics. These insights help practices monitor key performance indicators, identify trends, and make data-driven decisions to optimize operations. For example, providers can track outstanding claims, patient payment patterns, and revenue trends with greater accuracy. This level of visibility is often difficult to achieve with an in-house billing team, making third-party services a valuable tool for proactive financial management and long-term strategic planning.

Outsourcing medical billing offers healthcare providers a way to simplify operations, reduce administrative stress, and secure faster payments. By accelerating revenue collection, alleviating staff workload, and providing actionable financial insights, third-party billing services enable practices to focus on delivering high-quality patient care. For medical practices looking to improve efficiency and financial stability, partnering with a professional billing company can be a game-changing decision.

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HBMA Congratulates Prestige PMIT on Compliance Accreditation

By 7021390759 • February 13, 2026

Prestige Practice Management & IT Services is recognized by the program to protect patient privacy, prevent medical billing fraud, and comply with federal regulations. OWINGS MILLS, MD – Today the Healthcare Business Management Association (HBMA) announced that Prestige Practice Management & IT Services is now accredited under the HBMA Compliance Accreditation Program for revenue cycle management (RCM) companies and offered its congratulations. The HBMA Compliance Accreditation Program is designed to assess compliance with a range of federal healthcare industry regulations, including provisions to protect patient privacy under HIPAA, promote cybersecurity, and prevent fraud, waste, and abuse in medical billing. About Prestige PMIT Prestige Practice Management & IT Services is a revenue cycle management company based in Owings Mills, Maryland, serving healthcare practices in Greater Baltimore and nationwide since 2013. With over 25 years of combined industry experience, Prestige PMIT specializes in third-party medical billing, credentialing, A/R management, denial analysis, and software implementation services for small to mid-size group practices. "Achieving HBMA compliance accreditation demonstrates our commitment to maintaining the highest standards of patient data protection and regulatory compliance," said a representative from Prestige PMIT. "This recognition validates our dedication to safeguarding the practices we serve." Industry-Leading Standards "HBMA understands that medical billing and revenue cycle management companies operate in a complex, highly regulated profession, fraught with high consequences for fraud, waste and abuse," said Jennifer Hicks, president of HBMA. "By achieving HBMA compliance accreditation, Prestige PMIT has demonstrated by independent evaluation that their practices surpass federal requirements to protect confidential patient medical information, secure their data systems, and prevent fraud." The HBMA Compliance Accreditation Program is the result of the RCM industry coming together within HBMA to establish a process to independently assess participating companies' programs to fulfill their obligation to meet regulatory requirements. The program assesses compliance with HIPAA and Health and Human Service Office of Inspector General compliance standards on fraud, waste and abuse; the Stark Law, which is designed to prevent conflicts of interest by medical providers; federal Anti-kickback law; and the OIG work plan. Comprehensive Evaluation Process The assessment under the HBMA Compliance Accreditation Program includes a comprehensive evaluation of RCM companies' policies and practices with respect to: Employee training and onboarding procedures Security risks, including the security of confidential patient health information Documentation storage and handling protocols Practices to promote compliance with federal regulations Disaster and emergency preparedness plans Human resources practices, including background check procedures The program was officially launched in October 2018 after beta testing by HBMA member companies, and since that time, dozens of companies have achieved HBMA compliance accreditation. Commitment to Excellence This accreditation reinforces Prestige PMIT's position as a trusted partner for healthcare practices seeking reliable revenue cycle management services. With guaranteed optimization of practice revenue through expert charge entry, claim management, appeals management, and reimbursement contract compliance, Prestige PMIT continues to deliver excellence in the medical billing industry.