Why You Need Medical Billing Software in 2016

When you consider the fact that millions of people around the world are using EMR software on a daily basis, it’s safe to say that it’s here to stay. Some may only be using it for rudimentary things like scheduling and storing patient information. However, the vast majority of our users have taken full advantage of Practice Perfect’s medical billing capabilities and are using our software to build a better business. So, let’s talk about why you need medical billing software in 2016.

 

Medical billing software for submitting claims

 

Different people have different reasons for seeking treatment. As such, the organizations covering the costs treatment will vary. In some cases, their treatment can be covered by government organization, like Medicare in the U.S., or OHIP in Ontario. In other cases, their treatment is covered by personal insurance carriers like Allstate. And as the insurance providers vary, so do the methods for submitting claims to them.

 

Most insurance carriers have developed processes for submitting claims digitally. Your choice of medical billing software plays a big role in your ability to comply with their methods. Some medical billing software, like Practice Perfect, gives users the ability to integrate the software with their claims submission websites, and clearing houses in the U.S., so that receiving money for services rendered is easier than ever before.

 

Medical billing software for tracking patient coverage

 

It’s likely that your patients are receiving different amounts of coverage and have been prescribed treatment plans that are unique to them. One of medical billing software’s strengths is its ability to track funding maximums. For example, when you’ve added details about a patient’s incident to Practice Perfect, you can outline exactly how much coverage they’ll be receiving from their insurance carrier. You ‘re actually able to log the dollar amount of treatment they’ll be covered for whether it is divided by visits, units, or a lump sum.

 

Medical billing software for managing accounts receivable

 

Organizing your accounts receivable can a tough thing to do regardless of the industry that you’re a part of. Albeit, it’s even more difficult when you’re not only collecting payment from the patient who you’re treating, but the insurance carriers responsible for covering their costs, too. Practice Perfect is aware of this and that’s why we’ve incorporated a number of canned reports that make tracking the money you’re expecting as easy as one, two, three.
So if you still need to be convinced about why you need medical billing software in 2016, book a demo with us today to learn more about how our medical billing solution lends itself to practice growth.