New features can benefit you with a more efficient practice, lower costs,
and increased cash flow.
Hospice service billing Software and Physician’s Practice Management Systems
are the best tools you can use to improve the financial health of your
practice. Use one to gain full control over your finances, and grow your
business. Cutting-edge hospice service billing technology can significantly
reduce time and costs spent processing claims. Not only will you have a better
understanding of the health of your practice, but, cash flow will increase and
costs decrease.
Recent advancements include:
1. instant access from anywhere, even away from the office
2. manage multiple offices and functions from one database
3. enhanced scanning - electronically file all claims; even those needing
supporting documentation attached.
4. rules engines to identify errors before submitting the claim
5. increased security; fully compliant with new HIPAA standards
6. electronic patient statements
7. electronic remittance advice can eliminate hours of labor posting payments
Stay Connected
ASP (Application Service Providers) - based hospice service billing software
allows you to monitor your practice and stay connected anywhere you have an
internet connection, even on your laptop. Multiple locations access the same
database. Multiple workstations incur no additional cost. Because your
information is stored offsite, minimal memory is needed. A quick download from
the internet with your username and password, and you are ready to begin. No
complex networking or hardware installations are required.
Easy to Use
Accounting is easy. From the comfort of your chair, monitor your staff to see
what claims have been entered, and submitted by day, week or month. Know
exactly what has or has not been paid. Hospice service billing software is so
easy to use, a user can be fully trained and processing claims in just a day or
two.
Built in Efficiencies
your staff can be more efficient and less stressed using an intuitive hospice rcm service
billing software system. You may even find your staff can cut time spent on
billing chores by up to 30%, so that they have more time to focus on patients
and collections.
A collection of insurance payer rules is incorporated so that users can
immediately identify and correct claim errors that would delay payment of
claims. Some systems allow you to send claims directly to most insurance
carriers using a clearinghouse. Carriers can respond immediately so you get
faster payouts; most within 14 days. Practice Management Systems can also
reduce staff workload by outsourcing the print and mail functions of processing
patient claims and statements.
When supporting documentation is needed in order for a claim to be paid, the
system can attach scanned letters of medical necessity, accident reports,
referral authorizations, worker’s compensation documents, and most importantly
EOBs. This eliminates the need to photocopy paperwork and perform chart pulls
later if there are any questions on the claims.
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