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Wednesday, November 4, 2009

Medical Billing Made Easier

Electronic medical billing has made the billing procedure much easier and more efficient. The software helps in fast and accurate billing while reducing denials or rejection. It is a cost effective way of increasing cash flow in the medical office.

The improved productivity is directly related to the software used in electronic filing. That means, if well programmed software is used to process the billing, the cash flow is more in the medical facility. As per the government all the electronic medical billing should comply with HIPAA, health insurance portability and accountability act.

Some of the software may provide only partial HIPAA compliance. Any flaw in following HIPAA could lead to complications and penalty. In built compliance prevents any fraud in coding and billing. So before buying any electronic medical billing software, it is better to evaluate the complete HIPAA compliance and other security measures.

This type of software provides a wide range of benefits. While paper claims take around 1-2 months to get paid, electronic claims are paid in 10-15 days. This is possible because any error in the claim can be fixed in few hours, unlike paper claims; where it takes days to notify the error in the claiming.

Patient and customer satisfaction is guaranteed in electronic medical billing. The software is well designed so that it is more user friendly, yet very secure. This gives the flexibility in scheduling appointment and updating any personal information.

With the usage of electronic medical billing, the staff productivity is highly increased. When compared to paper filing, E-billing doesn't require much of man power as it is automated. This software is so easy to use; it helps to process the billing very fast and accurate. E-Billing saves time and money for health care professional by eliminating printing, folding, sealing and mailing the statements. Since electronic medical billing software produces reports and statements by automation, it saves a great deal of time.

One of the disadvantages of electronic medical billing is the cost involved in purchasing the software. Software is available in two forms. First one is completely installed in the health care facility's computer and the other one is a part of the software is in Software Company's data base. Productivity wise both work the same. Technology becomes outdated every few years. So physicians are compelled to buy the new ones in the market.



Article Source: http://EzineArticles.com/?expert=Shawn_Manaher

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