Electronic Medical Records- Billing and Claims
Billing and claims take up a great deal of time in any healthcare facility. In fact, there are usually employees hired to deal specifically with this area because it requires attention to detail and constant checking on payments. The reason is to minimize the number of claim denials and to ensure fast payment for claims. Healthcare facilities interested in using electronic medical records should consider buying software that includes modules for billing and claims. The goal of integrating electronic medical records software with billing and claims is to improve profitability while reducing the time it takes to submit and receive payment for claims.
When looking for EMR software that will offer these services as well there are a few things you will want to consider.
Fewer Rejects and Faster Payments
Choose EMR software that audits the process to ensure all claims submitted are accurate. This will reduce the number of claims that are rejected and will ensure faster payment from insurance providers.
Claim Processing
Another benefit you will enjoy from EMR software that handles billing and claims is electronically submitting claims. This is faster and reduces the overall turnaround time for patient payment. Instant submittal of claims not only saves paper and postage, but it reduces errors and frees staff to work on other tasks.
Rejection Processing
While rejected claims are reduced significantly, it doesn’t mean that there will never be a rejection. As a result, the EMR software you choose should be able to immediately tend to the rejected claims and determine the reason for rejection.
Make sure the medical billing system you choose is fully integrated with the EMR software so that it will work efficiently and seamlessly within your healthcare facility. Accuracy will be improved, claims are easier to trace, and errors are drastically reduced. Make sure your EMR software has access to billing teams whether they are in house or external and that there is an audit trail. Using this type of system will improve cash flow and assist in financial accounting for one or more offices.
Many EMR software systems are expected to be replaced over the next several years thanks to Federal stimulus money targeted for the implementation of electronic medical records systems in doctor’s practices and hospitals.
Processing your request, Please wait....
