What is a local shared business/billing office (LBO)?
A local business/billing office (LBO) is an intelligent assembly of administrative staff, practice management experience and business capabilities present in your local community and focused on efficiently reducing practice overhead costs. The administrative services provided by the LBO are organized in a fashion that provides the opportunity for improving the financial performance of practices while reducing or eliminating many common aggravations facing physicians in private practice today. Some of the most important features of a local shared business office are its presence in the local community, the access it provides physicians in addressing their individual needs, and the ability to free up scarce physician time and attention currently wasted on non-value added administrative tasks. The LBO can allow for better concentration and focus on the most important drivers of practice growth and clinical quality.
