When running any type of business, getting bills paid is the key to increased cash flow. The bottom line? No one wants to put in work without getting paid as soon as possible. In the medical industry, however, rules and laws have complicated the process of getting paid quickly. When you add in the insurance industry and further government legislation as of late, the process of getting paid fast is further hindered.
Many practices still utilize physical paperwork, snail mail, and a host of antiquated ways of accomplishing invoicing goals. Thankfully, today medical professionals can rely on medical billing software to achieve efficiency, effectiveness, and greater patient satisfaction. Below are three ways that medical software for billing can lead to greater growth and patient satisfaction:
1. Cloud-Based Technology Allows for Care and Billing on the Go
In the past, physicians and medical professionals typically had to be tied to their office computers or networks in order to manage and modify patient information. This limitation caused a large amount of stress for doctors and medical staff who needed to be able to quickly access patient data while out of the office. Today, cloud-based medical software offers the ability to see, analyze, and manipulate a patient’s medical information from virtually anywhere that an Internet connection is present. This is also very effective and efficient in the patient billing process.
2. Faster Billing and Payment
As mentioned, the key to increased cash flow is faster billing, which, in turn, leads to faster payments, both from patients and insurance providers. When your practice utilizes medical software that includes billing options, you can send out invoices in the same day and perceivably get paid within a shorter amount of time. Medical software also often offers practices the ability to scan documents instead of mailing or faxing them, so even if your practice still works primarily with paper, you have the chance to get paid faster. This then leads to the ability to upgrade or purchase equipment, offer additional patient services, and increase your overall brand within the communities it serves.
3. Medical Software Reduces the Margin for Error
Within the traditional, paper-based world of the medical community, everything from sloppy handwriting to a misplaced number or apostrophe can lead to hundreds or even thousands of dollars in lost revenue. When you turn to medical software for billing, you, your staff, and your patients can be more assured that all charges, prescriptions, and diagnoses are more correct than ever. By taking the potential for human error greatly out of the equation, everyone wins.
FreeCHIRO Delivers Free Cloud-Based Medical Billing Solutions
Whether you’re currently using software for medical billing or not, FreeCHIRO is now offering a free, unlimited trial of its billing software and practice management solutions. Through FreeCHIRO, you can increase cash flow, increase patient satisfaction, and have a chance to see exactly where your revenue is helping or hurting your practice. We invite you to sign up for your free unlimited trial today.
Andrew Rusnak is an author who writes on topics that include medical billing and business development.