Advantages You Can Gain With Free Medical Billing Software

Advantages You Can Gain With Free Medical Billing Software

Medical billing software is essential in order to stay competitive in today’s healthcare industry, but for some practices, especially startups, the costs associated with such software can be a difficult challenge to meet. In time, your practice may be expected to grow, both in terms of revenue and size, but for now, what options do you have if limited cash flow exists? Thankfully, there are free software solutions available that can allow your practice to take advantage of a variety...

Does Your Medical Billing Software Include These Features?

Does Your Medical Billing Software Include These Features?

There’s no doubt that medical billing software has changed over the past few decades, but these days, having the right features included in your software solution can be the difference between meeting expectations and exceeding them. Patients are demanding greater care while medical laws, regulations, and industry practices are becoming more complex, leaving healthcare practitioners that use outdated software to lose not only credibility, but also revenue. As a result, it would be a good idea to take stock in...

Choosing the Right Medical Billing Service: Key to Your Practice’s Success?

Choosing the Right Medical Billing Service: Key to Your Practice’s Success?

American healthcare is moving increasingly to a “consumer driven” model that creates an adversarial cost pressure between patients and health care providers. The good news is that consumers are demanding the right to choose their own practitioners and financing, but the bad news is that this means consumers must also be the sole decision-makers when problems arise. Caught in the crossfire of this evolving model are medical practices who are finding it increasingly difficult to operate under decreased revenue and...

Will the Right Medical Billing Software Make Your Practice Profitable?

Do your medical billing processes feel overwhelming? The right medical billing software can help your office billing procedures get more accurate, streamlined, and profitable. What is Medical Billing Software? Medical billing software is a huge asset to your office’s workflow and financial management. This software can help you manage appointments and schedule reminders. It can help manage billing and coding so that your practice has a much stronger cashflow and fewer claims denials. It can also store and manage your...

3 Things to Consider When Choosing Medical Billing Software

Choosing a medical billing software solution needs to be done carefully as different products come with various advantages and benefits. While some software solutions initially seem like the best choices, there are often hidden catches involved in seemingly perfect products, and failing to look for the best option could end up costing your practice now and into the future. Choosing and implementing the wrong solution may end up costing your practice patients, brand loyalty, and ultimately, its future. Instead of...

Expert Interview – Kathleen Irwin: Trends in Medical Billing Software

Upgrading or changing your medical billing software can be an overwhelming process, so it helps to have a free online resource like Software Advice to get you started in choosing the right software for your practice. “We connect software buyers with software vendors by offering free phone consultations where we shortlist products that meet their specific business needs,” says Kathleen Irwin, Medical Market Research Associate at Software Advice. “Basically, we’re the first stop in the software selection process.” We recently...

Balancing Act: Medical Billers Walk a Fine Line

Medical coding seems like a profession where everything is black and white. There’s the right code for a diagnosis or procedure, and there’s the wrong code—no shades of grey. The reality is somewhat different. Medical billers are not automatons who spit out the right code time and time again. They are skilled individuals who understand the nuances of coding and medical documentation. They also constantly walk that fine line between coding to the highest level and (illegal) upcoding. Let’s explore...

Heavy Lifting: Time to Raise the Medical Billing Bar

Since your practice’s medical billing department controls both revenue volume and cash flow, its performance bar is already pretty high. In less than a year, that bar will have to raise several notches. Two events conspire to make 2015 a trying year for medical practices and their billing departments: Meaningful Use and the ICD-10 deadline. And given the last two year’s delay of ICD-10, it will unlikely be moved again a third time. So next year, practices will be facing...