Put yourself in the position of a medical practice manager of business operations.  You will need to make a recommendation to the medical practitioners who own the practice on the pros and cons of an in-house collections function vs. an outsourced third party collections (TPC) function.  The recommendation itself is not important; rather, I want you to focus on the pros and cons of running an in-house versus outsourced TPC operation.

The advantages and disadvantages of each method you cover in this paper are up to you, but here are just a few things you need to think about and consider (there could be more):
    Staffing
    Costs
    Software
    Tech support
    Experience required in this field
    Regulatory guidance
    Patient satisfaction

In this paper of about three (3) pages, layout the advantages and disadvantages of each choi