There are many types of medical billing software available, so choosing the right software for your practice can be challenging. Medical Billing Software is a requirement for your practice in order to achieve meaningful use, and it can help with HIPAA compliance Read more: Physician's Guide to Medical Billing Software | MedicalRecords.com http://www.medicalrecords.com/buyers-guide-to-medical-billing-software#ixzz2W1XKOiEk

1. The 2-minute Guide:
Medical Billing Software
Summer
2013
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2. Medical Billing Software
Key Software Elements
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3. Current Regulations
Medical Billing Software
‣It is a requirement for your practice to achieve
meaningful use
‣ It can also help with your HIPAA compliance
‣Take advantage of trial versions to see which
software is the best fit for your office
‣ Focus on: revenue management, fast medical billing
coding, electronic claims management, HIPAA
compliance, and technical support
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4. Key Software Elements
‣Revenue Management
‣ Tracks payment received and outstanding
‣ Comes with most software because it improves the payment
cycle of your practice
‣ Includes accounting and payment tracking features
‣Fast Medical Billing Coding
‣ Allows you to quickly find and insert billing codes digitally
‣ Confirm that the billing software has a comprehensive and
automatically updating list of codes and confirm that the process is
easy to use
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5. Electronic Claims Management:
Key Software Elements
5
Visual editing
Error Correction Claim Submission
‣Can reduce the time and
save money during the
claims process
‣Can increase the speed of
payments and reduce the
number of claims rejected
‣ Allows you to create and alter insurance claims
sing a graphical interface, which makes it easy to
add information and submit claims
‣ Reduces errors with alerts of missing information,
incorrect ICD/CPT codes, incorrect insurance
policy numbers, and other potential errors
‣ Decreases chances of rejected claims, which
can save you time and effort!
‣ Allows insurance claims to be submitted online
electronically, which saves time
‣ Types: Clearinghouse system (extra fee) and
Direct Online billing with the insurance
company
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6. HIPAA Compliance
Key Software Elements
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User Authentication
Audit Trails Automated Backups
‣ Ensures that medical billing is restricted to
authorized users
‣ Via password login, limited access to
restricted areas, and automatic log out for
idle sessions
‣ Record all the activity on a system
‣ Allows the administrators to view changes to
records, while files were accessed and who
logged in at what time
‣ Helps prevent data loss
‣ Automatically backs up all your important medical
bills to on-site servers or to an off-site location,
ensuring that you will not lose important data
Data Encryption
‣ Ensures that the medical billing data is secure ad
only viewable by authorized recipients
‣ Standard is 128-bit encryption
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7. Key Software Elements
‣Make sure the medical billing software vendor
you are considering offers technical support
beyond installation
‣ You and your staff may require training and
additional support to ensure proper use of the
software
‣Check if technical support cost additional
monthly or annual fees
Technical Support
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8. MedicalRecords.com works to connect physicians to the best EMR companies, matching the right
EMR system with specific medical practices. MedicalRecords.com is the world’s largest directory of
EMR software vendors. It is a privately held company based in Cambridge, MA whose mission is to
better organize the EMR software market. The company was founded by seasoned technology and
healthcare professionals in 2010 after the passing of The Health Information Technology for
Economic and Clinical Health Act (HITECH Act).
For more information about Medical Billing Software, please visit us at: http://
www.medicalrecords.com/buyers-guide-to-medical-billing-software
How MedicalRecords.com can help!
About Us
Location:
55 Cambridge Parkway
Suite 103
Cambridge, MA 02142
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9. Thank you for reading The 2-minute Guide: Medical Billing Software.
Please visit us at MedicalRecords.com so we can help connect you to the best EMR
companies!
How MedicalRecords.com can help!
Medical Billing Software
Wednesday, June 12, 13