Electronic Medical Billing

Electronic medical billing is fast becoming the standard of choice in medical offices for many reasons. The old medical billing process using paper invoices is not suited to the demands of the modern medical office, and so is going by the wayside.

Doctors are being squeezed financially with all the demands and expenses of the modern medical practice. Electronic billing is one area in which they can reduce their paperwork and increase their profits.

Medical electronic billing has a number of distinct advantages over the old way of doing things. Let's take a look at some of the reasons that electronic medical insurance billing is a vast improvement.

* Electronic medical insurance billing eliminates paperwork and the errors associated with it
* Cuts way down on rejections by insurance companies
* Integrates aspects of the billing process between hospitals and insurance companies
* Medical electronic billing reduces paper costs
* Reduces the need for administrative personnel which increases profits
* Speeds up the process allowing for claims to be paid more quickly
* Able to securely store and retrieve patient information
* Support for mobile computing devices allowing work to be done outside the office
* Ability to generate varied reports, track payments, establish schedules, ect.
* Scalability and increased efficiency in the billing process
* Easier compliance with data security and medical data compliance standards

Electronic medical billing is rapidly replacing paper based billing and brings with it a whole new set of advantages, but also some challenges. As a medical billing and coding professional, you depend on the systems you use to meed the standard of proficiency that your clients require.

There are two forms of software application that you must be aware of when dealing with electronic billing. These are called client server and application service provider. Both of these software models offer full functionality in the billing process, but you need to become familiar with the differences and those the one that best suits your business model.

You must choose the system you use wisely, and must research all of the commercial systems and their software before making a choice. Seeking the advice of colleagues in the field who have had experience with medical electronic billing is a good idea.

Electronic medical billing will completely replace the old billing systems in the next few years. As a medical billing and coding professional, you will need to be familiar with all aspects of it, and be prepared to maximize its efficiency and functionality to better serve your clients, and position yourself to win more business and maximize your profitability!

George Parigian Jr. is age 56 and has lived and worked in the Boston area all of his life. He is a 1978 graduate of Northeastern University, and a personal trainer. He writes and consults on the topics of antiaging, health, and exercise.



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