Your medical practice may have grown to such a point where you are finding it difficult keeping track of your patients. You have lost track of the medical treatments and equipment they have had, their claims and who owes who.
DME medical billing deals with medical equipment for patients’ personal use. The equipment can be rented or sold to patients or to the insurer. It is such a large industry that it requires medical billing software to handle it, and covers a large range of items like hospital beds, canes, oxygen tents, catheters and wheelchairs among others.
There are different packages on the market and each practice or agency needs to select the right one, bearing in mind that not every package runs on every network or operating system. Most of the software systems allow users to customize them to their own requirements. It is important to choose software that can be updated to take care of changes in prices and codes.
Regulations are constantly changing, not to mention prices, diagnosis codes and electronic billing specifications, and billers need to know about when they are already using the latest software, and a month later pricing has changed, and that is where updates are important. Updates in billing specifications are important and the updates have to be done on a regular basis. To have the best medical billing software that can keep pace with all technological changes, DME medical billing software is the only viable solution, and one for which most medical professionals and facilities look out for.
DME meets the Needs of a Changing Medical Industry
DME Medical billing software can save you a lot of frustration and can offer you the streamlined solution you want. With DME medical billing software, your staff simply need to get used to the software, and manuals and training are offered. The software is made by Star*Pro, and when you consider that the founder Ted Wade has more than 45 years of experience in computer systems, then you know you are onto something good. The software has been created to simply meet the needs of a growing medical industry, and because it is scalable, you won’t have to re-purchase as you grow.
Medical billers don’t only submit insurance claims; if a claim is denied, the medical biller investigates why it has been denied, they schedule patient appointments and also verify patient insurance information. With their good computer skills, they make the office run more smoothly because of their knowledge of insurance reimbursement policies. To get started in medical billing jobs, you need training and then certification by a professional agency.
Select Software with Features that Suit Your Needs
Before you decide on medical billing software, look at functionality and whether it will make your job easier or give you more problems than you had before. You have to decide on either a system that stands alone or one that integrates with scheduling software. There are systems that are comprehensive and they do everything from billing to scheduling. Web-based medical billing systems have low costs involved and there is also software being used that will not be able to support the transition to the ICD-10-coding system to be implemented in 2013.
Every medical office needs to ensure that billing is done properly so that insurance companies are reimbursed appropriately. Medical billing goes together with medical coding and billing experts have to be correct. You don’t need a degree or certification for medical billing, although the job is so precise that it may be required in the future. Most medical billers want to become certified simply because it opens up more job opportunities and it proves that you have a certain amount of knowledge for billing and coding. Many hospitals require certification.
The Lowest Price for Effective Software
Another bonus is that DME offers the lowest annual cost of ownership of any Durable Medical Equipment software. For instance, their MPMsoft DME Software pricing for a single user system starts as low as $1,998 and with that you get complete training for 6 months which is included with your purchase. On top of that you get electronic billing and paper claims, comprehensive financial reports, complete patient accounting and patient statements and more.
Some companies hand their billing and coding over to third party professionals, and when you do this, make sure you work with a company who has received certification. There is no doubt that having software to handle your billing can free your staff up substantially because medical billing software cuts down time tremendously that would normally have been spent doing manually.
Pricing of the software varies and if your business needs a more comprehensive software package you could be looking at $5 000 as a start up price. You can purchase software which has been designed for an unlimited number of users, which will cost substantially more, bearing in mind that there are different add-ons available which alter the pricing. Basic medical billing and coding software packages are compatible with Windows-based operating systems, allowing you to enter personal patient information and send claims to the insurance companies.
Being HIPAA Compliant
Another important aspect is confidentiality, and this is often why some medical practices prefer to incorporate their own medical billing software into their offices as opposed to outsourcing the billing and coding. This way you can know that your files are in compliance with HIPAA. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) protect the privacy of an individual’s health information. It also determines the way health care providers collect and disclose protected health information. All medical workers must comply with HIPAA as well as Privacy and Security Rules.
Medical Billing Software Means Cutting down on Staff Numbers
Any busy medical office wants a worthwhile solution that will simplify things in the office, and for this reason medical practices are looking towards turning away from manual invoicing and claims and automating things. With automation, you get rid of all that paper that you need to sift to in order to find certain information, whereas with medical billing software and the click of a mouse, you can quickly pull up patient or insurer information any time you want. On top of that, doing everything by hand can take a long time, so even though medical billing software seem unreasonably high, by having it, you cut down on the number of staff you employ and pay a salary to, because the software is so much quicker.
All Medical Information in one Central Location
Errors are also far less. Yes, entering plenty of information into a computer system will no doubt have errors, but these days you can even personalize your software and look at add-ons that reduce entry errors because they pre-program the software to notify the biller of an error. Another benefit of medical billing software is that you can access your patients’ information from anywhere, making it possible to open several practices, but still have all information in one central location on the Web. Staff are able to update billing information from any office. The secret is to do your research and consider every aspect of the services you get from the software company.
Medical Payment Processing is Efficient
Every busy medical practice wants to accelerate the health care cash conversion cycle, but when you look at other industries, you often find that medical payment processing is inefficient and that if it could be improved, savings would exceed billions. Medical billing software was created to help hospitals, clinics and private practices accelerate patient payments and streamline claims to payers. The software offers access to information that ensures payment sources for services are properly identified prior to medical care as well as providing insurance and billing statement processing.
There is no doubt that cash flow is the lifeblood of a company, and with medical billing software there is timely follow-up on outstanding claims, preparation of patient statements, preparation and submission of appropriate and required claim forms and daily automatic download of remittances and payment posting to each patient’s account.
Statistics have shown that denial rates, zero-pay and underpaid claims can all contribute significantly in reducing a practice’s income. Running a medical practice isn’t easy, but DME medical billing software helps manage medical tasks every day in the office, and thousands of medical practices make this particular software work for them in their medical clinic, private practice or hospital. DME medical billing software helps you get paid faster, send insurance claims and patients statements faster, print reports and manage denials all the more quicker. The software offers tools that can help with your medical clinic needs and it can certainly increase the cash flow of your practice. The software also has a system report writer that can create your reports as well as many other options that will be of tremendous help to you each day. With DME medical billing software you can be sure that you will be getting software that offers convenience, comfort and cost-effectiveness.