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According to the American Hospital Association, the hospital reimbursement rate by private payers increased from 116 percent of hospital costs in 2000 to 128 percent eight years later. In fact, outsourcing medical coding staff alone can save hospitals 25-30% on administrative costs.
The cost of using payroll processing software for an in-house team depends mostly on subscription fees, implying potentially lower costs on a recurring basis compared to outsourcingoperations. First, consider an organization that is present in 2 countries, and has fewer than 2000 employees in each.
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