Physical Medicine & Rehabilitation Billing & Coding Software
Aside from your EHR, there are few other software features that make such a difference in your PM&R clinic’s ability to thrive as much as your medical coding and billing.
Submit cleaner claims on time, the first time
Our coding and billing software is designed specifically for the unique billing and revenue cycle management needs of independent, small group, and medium-size physiatry practices. The key to getting reimbursed faster and avoiding write-offs that can harm your revenue collection efforts is to get clean claims submitted to insurance carriers. There are a lot of things that can go wrong in the claims submission process. With AdvancedMD you get tools that virtually eliminate minor errors that often lead to major revenue cycle headaches.
That includes:
Access to a leading claims scrubbing service:
Our claims scrubbing services checks for thousands of common errors on every claim. Any problems that get flagged are immediately sent to a worklist for your staff to review and correct before they submit the claim.
Some of the industry’s best first-pass resolution rates:
A good FPRR means you have fewer denied claims, and your staff can spend their valuable time on getting new claims out, rather than reworking old claims that came back with errors.
Convenient worklists:
Staff can quickly address any errors that come up with worklists that prioritize deadlines based on payer requirements. Avoid missing deadlines and being forced to write off the claims as bad debt.
Automatic payment matching:
Connect payer reimbursement and patient payments to outstanding balances on an account to avoid missed payments that result in double billing or other billing errors.
Avoid delays from common data entry errors
A significant majority of denied claims are denied for simple reasons, such as:
- Wrong social security number
- Inaccurate insurance information
- Incorrect CPT or ICD-10 codes
AdvancedMD helps your medical coding and billing team avoid these common errors with features like our:
Single, integrated database:
All the patient’s information is stored in a single place in your system, so it automatically pulls from scheduling into the EHR, then to medical coding and billing. Your team never has to manually enter that information, which reduces the risk of a data entry error for a social security number or insurance ID.
Automatic code updates:
Whenever there is a change to CPT or ICD-10 codes, our team makes that change on a global level within our system. The new correct codes are immediately available on your cloud-based software solution. Your team never has to remember to download the latest software update or carve out time when the system will be unavailable for such updates.
Customizable coding lists:
Coders can create lists of their most-used, last-used, or favorite codes to speed up the claims process for the most common conditions you treat. They can also use our suggested codes feature to see what codes the software recommends based on the documentation from the EHR, details on the patient encounter, and current CPT and ICD-10 codes.
Convenient online bill payment tools
Insurance claims often don’t cover the entire cost of patient services. When you have a remaining balance after the insurance payment goes through, AdvancedMD medical coding and billing software has the tools to send out patient invoices and collect payment.
When an invoice is ready, set up automated alerts to go out to the patient via email and text. Send reminders for bills that are currently due, or overdue, based on the patient’s communication preferences.
We also make it easy to collect payment with our convenient online bill payment portal. Patients can pay using a credit or debit card, FSA card, or HSA account. We also offer options to set up payment plans, which is a convenient feature for self-pay patients, or those on a high-deductible health plan that may owe a large sum all at once.
Manage your revenue cycle from start to finish
Revenue cycle management is an essential part of your clinical operations. Independent clinicians running a PM&R clinic know that it’s not easy to stay on top of all your patient care, and still maintain a successful and thriving clinical practice.
Physicians don’t have hours to comb through financial reports or search your clinical software to find relevant financial information. But with the RCM tools from AdvancedMD it’s easier than ever.
Complete customization
Choose from a library with more than 650 pre-designed reports for financial and other metrics or design your own to capture relevant data on your practice.
Automated reports
Send reports directly to the key stakeholders in your clinic, including executives, physicians, and administrators. Reports are delivered at regular intervals to each person’s inbox.
Dashboard views
Customize a financial dashboard that provides at-a-glance details you need to know, from patient volumes to claims status, so you never miss key data.
Schedule a demo
Schedule your demo today to see more of the ways our medical coding and billing software can provide the tools you need to improve revenue management and grow your business. Don’t have time for a live demo? Watch a pre-recorded version of our demo online at your convenience.