cat is surely the best way to do this. Why use python when there is a program already written in C for this purpose? However, you might want to consider using xargs in case the command line length exceeds ARG_MAX and you need more than one cat. Using GNU tools, this is equivalent to what you already have:

find . -maxdepth 1 -type f -name 'input_file*' -print0 |
  sort -z |
  xargs -0 cat -- >>out