Benefits of using a Practice management and medical billing software

Practice management and medical billing software

For doctors, managing the accounts and patient billing information becomes a ‘mission impossible’. Many a times the medical office suffers from bad debt, unpaid claims, loss of information on patients etc. but the answer to all these problems is excellent practice management and medical billing software.

Though the name speaks for itself, just knowing the answer to the problem will not be sufficient enough. Let me explain how this software works and helps alleviate all your medical billing tensions and worries.

First of all, a practice management and medical billing software is the software which deals with various aspects of practice management, like medical appointment scheduling for patients, generating superbills, storing patient’s information and demographics, filing medical insurance billing electronically, private or cash billing, keeping track of the patient visits, new patients, collections from each insurance carrier, mail-merge letters or mailing labels for the patients, customizing the super-bill, and keeping the medical history and prescription written for the patients and keeping them handy for whenever there is a need for printing them(this last option is available with add on electronic prescribing or electronic medical records software). These are only few of the broad capabilities which the practice management and medical billing software provides.

Apart from this, the medical billing software simplifies the whole process of billing the patients, while also maintains accurate records for the medical office manager – and all this, with only single medical billing software program.

Let me describe few of these features to you. The software help make submitting direct Medicare claims to insurance companies like Medicare, Blue Cross Blue shield etc automatic thru a variety of electronic claims options. And, automatic insurance payment posting (ERA or ERN) is accomplished in a few seconds instead of what would normally take hours to post by hand.

Our Patient Quick Entry feature allows you to setup your own, predefined templates for ALL the DATA elements you need for your billing for a patient. For example you can setup different entry forms for Medicare patients; or Workers compensation, or commercial insurance. Each template has the pre-defined fields of information you specified for that particular type of patient, and no more, ALL in a quick columnar format for Speedy data input. And, best of all, you can even specify certain fields as REQUIRED, and you can change the order of the form to match your patient demographic or patient intake forms that you already have for your medical office.

By using this software, patients’ statements can be easily printed on the statement forms or on plain paper according to your requirements, or sent electronically and hassle free. With just one click, payments can be posted and applied, while keeping your accounts up to date and easily manageable. Also available are collection letters for the patients with overdue accounts; instant receipt printing, reports for keeping track of all the billings, payments and adjustments posted. With our various electronic claims submission options, you can send claims electronically in minutes and also perform CCI edits (available only on certain modules.)

With all the above features, the software comes at a very reasonable price; depending on the number of features and the kind of service you are looking for and number of users. Even though the initial amount for the software might look like a lot to some, it saves hours and hours of manual labor and posting. We also work with leasing companies that approved most established medical offices in 24-48 hours, and all the software and training can be rolled into the same lease.

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Harry Selent is the author of this article on medisoft medical billing software. Find more information about medical billing software here.

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