Medical billing is an increasingly popular office or home-based
small business opportunity that involves using skills and
knowledge in medical terminology, insurance claims, and customer
service to ensure that physicians and clinics receive payment
from patients and insurance companies.
Whether working from home based small-businesses or at large
hospitals, every medical biller utilizes medical billing
software. Though still referred to as medical billing software,
today’s electronic medical billing software is also more
accurately called medical practice management software and
covers many functions. Up-to-date medical billing software will
generate a variety of reports based on data, manage
appointments, as well as collect,
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information and payments. Current medical billing software will
also make sure that records are kept in compliance with the
Health Insurance Portability and Accountability Act security
standards. When deciding on software to buy, compliance with
this act is an important consideration and will help you steer
clear of some of the software scam artists out there.
When considering software for a medical billing business, here
are some things to ask yourself or potential suppliers:
? Does the software include the ability to manage several
different accounts? ? Can the software handle multiple doctors
or multiple offices? ? Does the software recognize current
procedure and diagnosis codes and it is updatable for the future
(very important!)
Many vendors will allow a trial use of their program to see if
it fits your needs. You will also be able to address whether the
supplier answers questions in a timely fashion and if the are
helpful in a trouble-shooting situation. Remember that a good
medical billing software suite will cost at least $500 so don’t
be fooled by people trying to sell $50 products that don’t even
function.
Though electronic billing is still mainstream, there is a
movement towards online billing where a subscription is setup on
the web allowing a paperless entry of patient information,
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claims, and more. This service will cost more than $200 per
month so you have to research and weigh the benefits of a one
time investment for electronic medical billing software that is
local or the online web-based software that can be used from any
web-connected computer or device.
About the author:
Medical Billing
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billing software, services,
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Software Web.