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Electronic Medical billing - Best Practice

Patient billing

Written by Peter Connor Tuesday, 16 August 2011 00:00

The beauty of electronic billing is the one-step process. As with a paper-based system, a core set of data is required to ensure the insurer has sufficient information to settle the medical bill. While incomplete paper bills will reach the insurer, their settlement will be delayed until the insurer has contacted the consultant to obtain the missing information. With electronic bills all the data has to be entered into the system before the medical invoice will be accepted. The system will identify any missing or incorrect information prompting you to correct the medical bill before submitting it. With all the information present and correct, the bill is validated automatically by the online system and passed directly to the insurer for payment processing.

While the information required may vary slightly from insurer to insurer, any subtle different requirements are built into the Healthcode electronic medical billing system.

Whichever insurer you are billing, the key required data components are common. Here’s a quick run-down of the data you will always need to have to hand when preparing an electronic bill for a health insurer through the Healthcode system. Following this checklist will mean faster invoice processing and faster payment.

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Electronic billing - Getting Started

Patient billing

Written by Peter Connor Thursday, 14 July 2011 00:00

Once you have decided that electronic billing is the right option for your practice, it is quick and easy to set up. If you are using practice management software, it is more than likely that your system provider will offer electronic billing as part of your service package. Currently software providers including Asensus, DGL, TM2, MidexPro, and others all offer the option to link to Healthcode’s HC Veda electronic billing system. Talk to your system provider and find out the options available.

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An Introduction to electronic billing

Patient billing

Written by Peter Connor Thursday, 09 June 2011 00:00

How do you manage the invoicing for your practice? If you’re a consultant, specialist or medical secretary working in a small private practice, the chances are you’ll be relying on various bits of software such as Word and Excel, backed up by a manual system of diary and paper files for chasing overdue invoices. You might feel that this is a working solution that meets your needs. But could your billing and payment collection be managed more effectively?

Most larger practices use electronic billing to send invoices to insurers and this can have a big impact on the business bottom line. Could your practice benefit too? Put simply, electronic billing helps your practice keep track of invoices and get paid faster. It can save you time and money and it is easy to use. So how does it work?

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