Billing Software

Medical billing software is a computer application that automates the healthcare billing process. The more updated software you have the maximum benefit you will have. Medical practices and billing companies can use this software to greatly improve their reimbursement rates, optimize revenue, and sustain the financial health of their businesses. Billing software enables you to send secure links to invoices via email; from where your customers can sign into a payment portal and pay their invoices online instantly. Medical software enables healthcare professionals to make their decisions faster and more precisely. They also allow the emergence of new data and are enriching decision-making processes, which is especially important to have in mind when it comes to medical diagnosis software.

Basic Benefits of Compatible Billing Software :

  •   Electronic billing reduces payroll expense, reduces the error rejection rates, and improves cash flow.
  •   Analytic features improve coding accuracy and identify recurrent negative processing patterns.
  •   Best-fit medical billing software supports stronger security, compliance and risk management protocol, reducing financial expose for medical organizations of all sizes from the independent physician to major hospital systems with multiple clinics and hundreds of on-staff providers.

A medical practice management system lets physicians and their staff quickly enter and access not only basic patient information — for example, the patient's name, address, telephone number, birth date, employer, and insurance provider — but also extensive clinical data, such as medical history, medications, and reasons.

One important component of medical billing is Electronic health records [EHR ]. It is the systematized collection of patient and population electronically-stored health information in a digital format. These records can be shared across different health care settings. EHRs provide an interactive repository of the patient's data including medical history, diagnoses, treatment plans, medications, test results, immunization records, radiology images, and allergies.

Most of our software which we use has the following specifications :

  •   Offer multiple ways to identify or look up patients,
  •   Analytic features improve coding accuracy and identify recurrent negative processing patterns.
  •   Best-fit medical billing software supports stronger security, compliance and risk management protocol, reducing financial expose for medical organizations of all sizes from the independent physician to major hospital systems with multiple clinics and hundreds of on-staff providers.
  •   Secure and encrypted credit cards on file (with consent)
  •   Create flexible payment plans that track the date, and amount, of the last payment
  •   Report and track any unapplied monies
  •   Create customized letters to payers, work-comp, attorneys, and patients
  •   Monitor and control write-downs
  •   Create charges and easily associate procedures and diagnoses
  •   Review charges and perform initial claims validation
  •   Manage claim rejections and claims status at the clearinghouse level
  •   Work denial & perform claim appeals on unpaid items
  •   Post Payments and adjustments
  •   Receive and post ERA’s – Electronic Remittance Advice (electronic E.O.B.)
  •   Claims Performance Dashboard
  •   Perform necessary facility-based UB04 billing
  •   Managing patient payments and collections
  •   Patient statement processing
  •   Electronic patient payments
  •   Benchmark reporting of key performance indicators