Medical Billing Service Software

Better billing service software and management of patient records means better medical patient billing management. Better patient billing management reduces rejected claims which ultimately brings in more revenue per medical practice.

Billing Service Software: Save Money & Speed Up Payments With eStatements

For about the cost of a stamp, you can add patient billing statement services with AdvancedMD. A few key strokes will have statements printed, stuffed, addressed, stamped, and mailed automatically. With this new ease of billing statements generation, you will be able to send them daily, rather than monthly. Daily statement generation typically improves collection time by more than 10 days. This type of small software improvement can result in a one-time collections bonus of up to $5,000 for small three provider practices.

Reduce Medical Billing Service Labor Costs

As if quicker turnaround time on medical billing weren't enough, medical estatements also save practices the cost of printing, sorting, stuffing, addressing and mailing labor, to say nothing of stationary, envelopes, and address labels. For a few pennies more than the price of a first class postage stamp, all your mailing needs can be handled for you. Sure you'll save time, but the biggest savings you'll see will be fiscal. For example, a small three-provider practice typically saves more than $2,000 per year in labor costs.

Easy Control Over Medical Patient Billing

With AdvancedMD medical billing service software, you'll get patient statement features that allow you to set up specific system parameters to control not only when a patient receives a billing statement but also what information will be included in those statements, e.g. responsible party, statement format and much more.

Automated Billing Service Software Collections Tools

The features of the AdvancedMD® Software Collections module significantly increase the yield of collectors. That translates to more money in your pocket and less tied up in billing. The Collections software tool can create customizable work lists automatically from its collections reports. These work lists can be sorted in whatever way you choose. You decide which collections to prioritize: highest outstanding balances, specific aging dates, specific carriers, etc.

 

With your work lists defined, the medical billing service software can assign the right work lists to the right collectors. As soon as a collector logs in, their work lists are at their fingertips. No more time is wasted sifting through reports, selecting which accounts to work on. Patients are tracked automatically throughout the collections system. Whenever a collector takes an action on an account, (e.g. sends a letter, makes a phone call,), the action is recorded along with the recommended follow-up action. Reminders will be sent automatically by the billing service software to the collector to help them follow-up with the right action at the right time. Imagine what that kind of efficiency that billing service system can do for your medical billing service office!