The real value of medical billing solutions: What independent evidence reveals

Medical billing in Canada isn’t just paperwork. It’s a complex process that shapes both physician well-being and practice sustainability. Each province operates its own health insurance plan with unique fee schedules, coding rules, and compliance requirements.  

For physicians, this means navigating thousands of codes and evolving regulations, often without formal training. The result? Lost revenue, rejected claims, and hours of administrative work that could otherwise be spent on patient care. 

A new independent study commissioned by Petal set out to answer a critical question: Do medical billing solutions deliver measurable value for physicians?  

The findings are clear: time, money, and peace of mind are all found. Let’s dig into the details. 

Why the billing burden is more than an inconvenience 

Canadian physicians spend an average of 10 hours per week on administrative tasks, with medical billing consistently ranked among the most challenging. This burden doesn’t just create inefficiency; it erodes physician well-being and limits time for direct patient care.  

At the same time, 96% of physicians rely on fee-for-service payments, where accurate billing is essential for practice stability. Even experienced physicians miss revenue opportunities, not because of a lack of effort, but due to errors, missed codes, or insufficient support. 

Medical billing solutions promise to change that—but until now, most evidence came from vendor claims, not independent analysis. This study fills that gap.  

Get the full report for provincial insights and practical takeaways. 

How the study was conducted 

The research was led by an independent health economist with full autonomy over methodology and interpretation. Using a cross-sectional, web-based survey, the study captured insights from physicians while also incorporating physician remuneration benchmarks from Canadian Institute for Health Information (CIHI) and workload data from the Canadian Medical Association (CMA). 

The study focused on four key questions: 

  • What priorities drive physicians when selecting a medical billing solution? 

  • Which features do they value most? 

  • What is the economic impact in terms of time saved and revenue gained? 

  • How satisfied are physicians with their current solution? 

The survey results and national benchmarks for gains from medical billing solutions are clear on every level.  

The economic impact: real revenue and time gains, nothing marginal  

The numbers speak for themselves. Physicians reported an average revenue increase of 9.4% compared to manual billing. Applied to national benchmarks, that translates to: 

  • $38,581 in Alberta 

  • $31,676 in Quebec 

  • $36,570 in Ontario 

  • $29,267 in British Columbia 

  • $34,346 average nationally 

Impact on time 

Time savings were equally significant. On average, physicians saved 161 hours annually—a 24% reduction in administrative workload. When valued at national physician remuneration rates, that time is worth $24,123 per year. 

Between benchmark revenue gains and time saving, the annual benefit per physician reaches approximately $58,500. That’s beyond incremental. It’s transformative for practice sustainability. 

Talk to a Petal medical billing expert

Features that make the difference 

The study also explored which features physicians find most valuable when it comes to medical billing solutions. Leading the list was optimization of billing codes and modifiers, rated “extremely valuable” by 87% of respondents and “valuable” and above by 96%. Close behind were: 

  • Up-to-date provincial fee rules (94%) 

  • Real-time error validation (91%) 

  • Access to expert support (90%) 

By contrast, features like analytics and onboarding were rated lower, suggesting that physicians prioritize immediate, tangible benefits over secondary enhancements. 

What physicians say they care about most 

When asked to rank their priorities, physicians were clear: 

  • Maximizing revenue was the top priority for 54% of respondents. 

  • Reducing administrative burden followed at 33%. 

  • Shortening reimbursement cycles came next at 23%. 

Transparency and compliance were viewed as baseline expectations rather than differentiators. This tells us something important: physicians want tools that deliver tangible economic and time-saving benefits—not just dashboards or reporting features. 

Physician stress decreased 

Numbers tell part of the story, but physician voices bring it to life. One participant summed it up: 

“Billing is so efficient and accurate—it reduces stress.” 

Others praised the platform’s ease of use and responsive customer service, which contributed to an overall Net Promoter Score of +45—a strong indicator of satisfaction. Self-entry users scored even higher, with an NPS of +50. 

Why you should download the full report 

These are only the highlights. The full report goes deeper, including: 

  • Provincial breakdowns of revenue gains and time savings 

  • Detailed feature rankings and what they mean for adoption 

  • Methodology transparency describing how the numbers were calculated and why they matter 

Bottom line 

Medical billing solutions aren’t just administrative tools. They’re strategic enablers of physician well-being and practice resilience. In a system where every hour and every dollar counts, the evidence is clear: these solutions deliver measurable value. 

Ready to see the full picture? 

Download the full report now and explore the data, insights, and physician voices shaping the future of medical billing in Canada.