Hosted Vs. In-House Medical Billing Solutions
A big deciding factor for many medical practices is if they are going to host their medical billing software remotely or internally. Each option has its own unique set of advantages; in house solutions offer you better performance of speed and power, where hosted solutions are more scalable and flexible solutions.
Hosted solutions require no dedicated server which saves you around $3,500- $5,000 right away. On top of this, there is no server to manage so an in-house IT expert is not necessary. There is virtually no hardware to install, making monthly costs much lower than large initial outlays for hardware. You also be able to access your patient’s information via web browser, which makes accessing information from anywhere possible. Hosted solutions also offer premier encryption technology to ensure security and vitality of your information.
Server based software typically offers additional medical billing features and improved processing speeds. With this your practice will be able to manage all of your patient data in-house, so you won’t have to worry about a security breach. You have no reliance on Internet based programs so you are able to access your data very quickly. With this comes costs, an in house IT staff will have to be hired to maintain the server and you will likely need to download medical billing software on each computer, paying licensing fees for each user.
Both medical billing software options should include a variety of additional safeguards. User access logs, basic password protection and audit trails are some a few features both hosted and in-house solutions provide. In terms of functionality of use, there is little difference between hosted and in-house solutions. If your practice is ready to jump right in a long-term solution for medical billing, in-house servers may be the way to go. If you feel that you are going to re-evaluate your needs in the next 3 -5 years, you may want to think about hosted solutions.