The health of your patients is the primary focus of neurology practitioners, but for providers who work independently or run a small or medium-size neurology group practice, the financial health of your practice is also essential.
With AdvancedMD you get all the tools you need to maximize clinic revenue, speed up your revenue cycle for faster reimbursements, and reduce errors that lead to claims denial.
Your ability to collect the maximum reimbursements for every neurology patient encounter is essential to the long-term success of your practice. But revenue cycle management for neurology clinics is also about collecting those payments in a timely manner, shortening the days in A/R, and getting claims processed and paid quickly. Our software makes it easy, even for clinics with a small internal billing and coding team.
Patients with an outstanding balance can easily view and pay their bills online. Send invoices to patients via email and through the patient portal. Make it easy to pay online with secure bill pay services that connect directly to your billing database to automatically match payments with outstanding invoices.
Errors in a patient’s insurance information can delay claims and reimbursements. AdvancedMD eliminates these errors with automated insurance verifications at the time of scheduling, then again right before the appointment. The software flags any issues so your staff can follow up with the patient before their visit to get any mistakes resolved. When it’s time to submit the claim, the insurance information is accurate and up to date.
AdvancedMD keeps your software up to date with all the latest changes to ICD-10, HCPCS, and CPT codes. Your team will always be working with the most accurate and specific codes to avoid denials or rejections because of coding errors. They can also create lists of commonly used codes for quick access, or choose from last-used or most-used codes to quickly process claims for your most commonly treated conditions.
Prior to submitting any claims, AdvancedMD uses our industry-leading claims scrubbing services to check for errors. We look for more than 3.5 million errors that can occur in the claims submission process, and create a quick worklist that flags any issues. Your team can address each item quickly and get claims moving through to the payers, free from simple errors that otherwise would slow down your reimbursements.
One of the most common reasons for denied claims or delayed reimbursement is inaccurate information. Clinics that have different software systems for their practice management, EHR, and billing and coding have more chances to introduce errors into claims because you must rely on APIs (that can get disconnected or stop working) or your staff has to manually transfer data from one system to another.
With AdvancedMD, every module is integrated with a single database to store information—including patient demographics, insurance information, and EHR data about each encounter. Since staff won’t have to manually type in the information, or upload and download data between systems, they can also complete claims quicker and get them submitted sooner.
Keeping track of your claims can help you better understand where your processes are working, and find areas for improvement. AdvancedMD makes it easy to track every claim with our eRemittance tools. You can visualize the flow of information from the EHR into your medical coding and billing software. Then you can see how long it takes your team to complete the coding and get claims out the door.
The software also reports on the number of claims that go through on the first try (your first-pass resolution rate, or FPRR), and how many claims come back with denials or rejections. Accurately tracking this information can help you identify the most common reasons for claim denials and adjust as needed to documentation, workflows, and billing processes.
Reporting tools are one of the most important aspects of medical coding and billing software for neurology clinics. The right tools help you stay on top of clinic finances, and keep all your stakeholders informed as well. We have a library of hundreds of predesigned templates for neurology clinic reporting, or you can create your own. Our team of software professionals is here to help if you want someone to walk you through the creation of your own custom templates.
Find out more about the AdvancedMD system and schedule your demo to see it live. Our team can help answer your questions and get you the exact billing & coding software you need for better neurology patient care.