Taking Medical Billing Needs To The Cloud

The goal of medical billing is to collect on patient accounts in an expedient manner. New software and processes have been developed over the years to achieve that goal. Now medical billing is moving to the cloud with web-based software. It can help streamline the process so that medical facilities can collect faster.

Error-free Claims

Rules and regulations change faster than many offices can keep up.

With new codes and criteria for insurance companies to accept claims, it is no wonder that many get denied.

As the following article looks at cloud-based medical billing software, the system is continually updated to reflect the newest regulations for every type of claim. Many of these codes are automatically input so that staff don't have to spend time finding the correct codes or accidentally including the wrong ones.

With automated systems, you can submit cleaner claims with more of them being paid after the initial attempt. Many of these systems even send them out automatically for you.

You can also eliminate much of the hassle with systems that provide information prior to treatment about eligibility.

This step reduces the number of claims denied and allows you to let patients no upfront if they will be responsible for a procedure or treatment.

Faster Payment

A central page allows you to see at a glance what outstanding claims you have either for the insurance companies or for the patients.

You can more easily review the information when patients have questions to provide timely answers so that they will remit their payments sooner.

Many of these systems work with patient management programs so that all of the information is easily integrated from the medical department to the finance department.

Paperwork is received automatically and can be processed in a timelier manner, which results in the facility receiving payment in less time.

Statements can be generated automatically on a schedule set by the department.

You can also set reminders when someone's account is past due by 30 days or longer and follow a set process for collecting.

Analytics

While medical facilities are all about providing health care for patients, they must also be treated like businesses.

With many of the cloud-based billing systems, you can create reports for review. This information tells you how fast you are collecting payment from insurance companies and patients and what your claim denial rate is.

You can set up special reports for the information that is most critical to your operation. This helps you identify problems before they get out of hand.

It also allows you to re-evaluate your procedures and make changes for the future.

You also enjoy the convenience of not having to store everything on an in-house server. Information is secured without the expense of having a full IT staff to manage systems that can have problems.

By utilizing software that is web-based, you can focus more of your time on what health care is really about - the patient.

At the same time, you are efficiently managing the business side of health care with less hassle and improved revenue.