Internal Medicine Billing & Coding Software
Take control of your revenue cycle management with AdvancedMD. We offer the best medical coding and billing software to manage and grow your internal medicine practice.
When your billing process works, it can help the rest of your clinical operations run smoothly, leaving you with more time to focus on helping your patients and less time worrying about whether your finances are in order.
A lot of internal medicine coding and billing software says it will integrate with your practice management and EHR software. But most of these so-called integrated systems are built with APIs that may or may not seamlessly share data between systems. AdvancedMD offers a fully integrated system with a single database where all your important patient data is stored.
Data flows from the scheduling system to intake, then to the EHR where providers enter all the necessary documentation for a patient encounter. Then your billing department can pull accurate and updated information from the database immediately after the provider completes their notes, shortening the time it takes to get claims to your payers.
Your medical coders can quickly find all the relevant information to select the right billing codes and prepare claims for submission. Your billing staff won’t have to manually enter information, upload or download data, or worry about errors and inaccuracies that can lead to denied or rejected claims.
AdvancedMD is the only medical coding and billing software to use the Amazon Web Services (AWS) cloud computing platform. It’s the most advanced and most secure platform available, offering internal medicine practices unprecedented speed and the highest level of encryption and security for sending out claims and processing payments.
The International Classification of Diseases (ICD) standard set of transaction codes for medical services is constantly changing. Each year they adjust the codes, adding new ones, modifying others, and removing some entirely. In order to get paid for your services, providers must submit accurate claims with the right codes.
AdvancedMD takes all the hassle out of trying to figure out which codes are the most updated. We provide annual updates whenever new ICD-10 codes come out, removing outdated codes and adding new ones. Our cloud-based software automatically updates, so your team never needs to worry about downloading a new version of the software or making any manual changes within the system.
With a cloud-hosted medical coding and billing software for your internal medicine practice you don’t need on-site IT teams to manage software implementation and ongoing maintenance. Our team takes care of everything, keeping your software running smoothly at all times with the latest security protocols in place to protect against data breaches. Initial implementation is simple, with no software programs to download and no on-site servers to maintain.
When you need support, our team is here to help day or night. Contact our customer care team with questions or issues, and we’ll help you troubleshoot and fix the problem right away. Your team can focus on getting medical coding and billing done, while we take care of ensuring data security and efficiency.
Efficient revenue cycle management requires efficient billing practices. With AdvancedMD your team has all the information they need to prepare claims for submission and send them to payers promptly.
Submitting clean claims and avoid rejections and denials begins long before your medical billing team gets the information. A significant number of claims are denied because of a problem with the patient’s insurance information. AdvancedMD makes it easy to verify insurance coverage at the time of scheduling, then again before the appointment. This alerts your staff to potential problems, such as:
When you get an alert, your front office staff can contact the patient prior to the appointment to get everything sorted out and ensure a smooth billing experience.
Claims denials and rejections can happen for many reasons, and when a claim is denied it slows down payment and creates extra work for your billing team to investigate the problem and resubmit the claim within the specified timeframe. The process is challenging, especially for an internal medicine office with only a small internal billing staff.
According to MGMA, as many as 50 to 65% of denied claims are never reworked and resubmitted, which can represent thousands of dollars in unpaid claims every year for your internal medicine practice. Our industry-leading claims scrubbing service reviews every claim before you send it to payers and flagging any potential errors that could be an issue. Your team can immediately correct the problem and submit a “clean” claim to avoid denial or rejection.
Track your claims from start to finish with our real-time claims tracking features. As soon as you send the claim to the payer, you can see the status and get alerts if there is a problem and a claim is rejected or denied. You can manage the denial quickly and easily with AdvancedMD, with claims management tools to discover and remedy the problem.
After your claims process with insurance payers, there is still another step in your medical billing. AdvancedMD makes it easy to generate patient invoices for balances due after insurance, as well as for self-pay patients.
More and more of the financial cost of care is shifting to patients, either because they do not have health insurance, or they have a high-deductible health plan. Practices must be able to manage patient billing as efficiently as you manage your insurance claims submission process.
AdvancedMD is the best billing solution for small and medium-size internal medicine clinics. All the patient information is stored in a central database and easily accessible for the billing team to see when a patient is self-pay. They can automatically apply any self-pay discounts, and generate an invoice to send to the patient. Invoices go out by email and mail, with automated text reminders and links to online bill pay.
Real-time claims tracking also allows your billing team to see when insurance payments go through, and immediately generate a statement for any remaining balance. Patients can set up payment plans or pay off balances online with credit and debit cards, or flex spending and HSA accounts.
The final tool to improve revenue cycle management is the comprehensive reporting features available with AdvancedMD. We offer templates for commonly used financial reports, and the ability to customize reports with any information that your practice needs. You can set up recurring reports to run at regular intervals and go straight to the inboxes of physicians, administrators, and other key stakeholders within your clinic.
Reports come in easy-to-read formats so you and your team can quickly see the most important information and pull out key insights to help you spot areas where you struggle and find opportunities for continuous revenue cycle improvement.
Jed Shay, MD
The Pain Care Center
Keith Berkowitz, MD
Center for Balanced Health
Estaban Lavato, MD
La Loma Medical Center
Raju Raval, MDRead the story ›