Track Payments from Payers & Patients
High-deductible health plans are also changing the billing process for OB/GYN practices. Patients with these plans must cover a higher portion of the bill before insurance payments kick in to cover the balance of the costs. Insurance coverage used to represent the vast majority of collections and many would even write off some or all of a patient’s balance rather than go to the trouble of trying to collect. Today patient billing represents a significant portion of overall collections, especially for an OB/GYN practice, so providers must have billing software that tracks both patient and payer responsibility accurately.
AdvancedMD billing software helps you carefully track each patient’s billing history so you can quickly identify when they meet their deductible. Timely patient collections are essential to healthy practice finances. The longer it takes to collect on patient (and insurance payer) balances, the less likely you will be able to collect the entire billed amount.
With Advanced MD OB/GYN billing software:
- You can send patients information about their payment responsibilities in advance to allow them the chance to pay when they complete electronic check-in
- Patient responsibility is clearly visible to front desk staff at the time of the appointment, allowing them to collect some or all of it up front
- Advanced tracking and reporting makes it easy to see what portion of a bill should go to the patient and what should go to the payer
- Integration with your EHR makes it easy to transfer documentation and coding information to your billing team without uploading, downloading, transferring, or manually entering information
- Shortening the time between the encounter and the billing increases the chance that you will collect more of the total billed charges