In the last few years there has been an increase in pressure in the medical profession. Many people do not have medical insurance to pay their medical bills and this has resulted in medical offices having less money for hiring employees. Because of this, many doctors offices have started using third-party electronic medical billers to help improve their cash flow.
Other offices are purchasing electronic medical billing software so they can upgrade their own billing system. Being fully automated helps to cut down on office personnel and is more efficient than the former billing practices. The medical billing software comes with options such as printing the bill with late charges or just showing the number of days the bill is late. There are several software companies which provide billing software; you just need to know what features you need to fulfill your office requirements.
Sage Software: This company offers a billing software package which can be customized to suit the needs of the company. There is a section provided for address changes or to announce an upcoming event. It also has a feature to provide collection letters or letters reminding someone of their appointment time.
Collaborate MD: This software offers medical billing which uses the Internet for its day to day operations. The small monthly fee is affordable and the company always performs back-ups each day. This insures that you will not lose all of the valuable data which is stored in the system. With the click of the mouse you can view the reports needed to tell you what is going on with your business. This frees up time for the office staff since they do not have to spend hours running reports.
Medical ProClaim: This is a powerful program which is windows based and provides top notch medical claims processing. There is more than one version to choose from including medical practice, anesthesia, and dental. The low price for this software with its extensive features can help the medical practice office save a lot of time and money.
Choice Medical Billing Service: This is an outside medical billing firm that charges a percentage of the paid medical claims. Their goal is to provide a dependable billing service that has a high rate of success. They are not paid unless their clients get paid which can help reduce the costs of repeat billing. They offer a 100% guarantee that you will be satisfied with their service.
No matter what route you choose to take, electronic billing can help speed up the process of billing claims. You can choose software which is installed on your office computer which requires very little input from the staff. This software also compiles the reports needed for accounting so your staff has more time to perform other duties. This software is usually fairly inexpensive and provides updated versions for a nominal fee.
By choosing an outside firm or individual to do your billing you will be able to employee less staff and cut the costs of everyday operations. By having fewer employees you will not have to pay the salary or the benefits which are associated with each employee.