Electronic medical record (EMR) systems have changed billing standards with cutting edge technology. EMR systems allow for cloud-based billing that’s quick, efficient and clinicians can receive payment in as little as 10 days.
In this insightful article, Nitin Chhoda explains how an EMR facilitates the reimbursement process.
With web-based billing software, claims can be filed, payments delivered and records accessed any time of the day or night for greater productivity. It’s an environmentally friendly solution.
Identifying Problems and ICD-10 Codes
Perhaps one of the biggest advantages of a web-based billing EMR is its ability to identify mistakes and potential problems. It’s a simple matter to make the appropriate corrections, ensuring clean claims that progress quickly through the system. An EMR can assist providers with up to a 91 percent payment rate the first time claims are submitted.
When a claim is questioned, an EMR makes it easy to address the problem online. The transition to ICD-10 codes can cause significant problems for practices that aren’t using an EMR. The web-based billing software system is capable of handling all the new codes with clarity and ease.
Equipment Costs and Savings
Practitioners save money and eliminate costs associated with web-based billing software, equipment and the need for upgrades. There are excellent EMR programs available for free that provide medical practices with a full service billing and management system. They keep monthly fees low, offer 24/7 customer support and online training for staff.
The vendor is responsible for all facets of the infrastructure.
Every medical practice is familiar with clearinghouses. They check claims for errors and forward them to the patient’s healthcare insurance carrier. A web-based billing EMRs transmit reimbursement claims electronically in real time and maintain an ongoing record of each claim, its details and current status in the chain of reimbursement.
An EMR is crucial for medical providers who want to work with government-sponsored healthcare insurance plans. They require claims to be submitted electronically and prefer to pay via electronic fund transfer. Submissions can be sent individually or as a batch. Real time adjudication and notice of denials or acceptance are received in moments when a web-based billing system is at hand.
Portability and New Venues
Integrated and web-based billing EMR software can be implemented on laptops and tablets. It provides practitioners with portability and the opportunity to forge trails into new venues for new revenue streams. Web-based billing software can be submitted from any location an Internet connection is available and remain in compliance with HIPAA security standards.
Electronic medical records facilitate the payment process with cloud-based billing, but they offer a comprehensive variety of other advantages. They store information in a secure environment and allow staff to verify insurance coverage prior to treatment.
Electronic patient statements can be sent, payments made and clients can complete a variety of essential information online. Patients can be contacted by multiple methods, test results can be posted for clients and medications can be requested.
Web-based billing offers clinicians the ability to receive payments quicker, opportunities to extend their circle of revenues and submit bills in real time.
The web-based billing software systems represent the future for medical practices and billing procedures. Practitioners without an EMR face a loss of efficiency, productivity and revenues.