Our medical billing solution is mainly for avoiding error rates and increasing the rate of claims. This allows the user to better control the sales cycle and accounts receivable. With our solution, you can overcome billing issues, maximize accuracy and efficiency.You can automate billing and insurance complaint handling quickly and easily, increase claim rates, minimize sales misses and reduce unproductive. This tool enables electronic submission of health insurance claims currently being processed, payment management, and real time status check.
MEDICAL BILLING SOFTWARE
Medical billing software includes functionality to address every part of the medical billing workflow, from scheduling appointments to processing payments. For instance:
- While scheduling an appointment, front-office staff can check a patient’s insurance eligibility, then set up automatic patient reminders to reduce no-shows.
- When a doctor sees the patient, information from the encounter can be automatically sent from the EHR to the billing software to facilitate communication between front-office and clinical staff.
- Billers can then improve their claim acceptance rate by using claim scrubbing features within the billing platform.
- As payments from insurance companies and patients are processed and collected, billers can generate reports that offer insight into their revenue cycles.
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FEATURES OF MEDICAL BILLING SOFTWARE
- Patient profiles: Personal profiles for each patient with all the necessary information, including ID, insurance details, medical records, transaction history, billing address.
- Claims management. It automates sending and receiving of all the claims, making this process fast and easy. It should also include claims re-submitting functions.
- Eligibility verification. This helps hospitals automatically check a patient’s insurance status, letting the hospital know if their insurance company will accept the claim and if the insurance is not expired.
- Billing and payments tracking. Medical software takes care of all accounting related to payment procedures, like invoicing, including keeping track of all the appointments and procedures a patient had.
- History of patient activity. The software keeps track of everything in a patient’s profile, including all health-related information, treatment records, specialists they visit, prescriptions, diagnoses, etc.
- Payment reminders. Reminding patients about bills that are still due or that their insurance is about to expire should be automatic.
- Bill templates. Having templates for all the types of bills that could be issued is very handy as well.
- Auto-backups. Any lost information can cause damage, so you should ensure automatic backups, as well as:
- Data security. Patient information is highly sensitive, so you need to make sure the database with private details is stored safely and securely.
- Storage devices or cloud. Auto-backups would enable downloading data to hard drives or the cloud in case of custom cloud-based medical billing software.
- Data encryption. Security can be managed by encrypting all sensitive customer information so that it could only be accessed with a key.