Independent practices can now receive secure confirmation that their invoices have been paid thanks to an innovation from Healthcode, the specialists in online services for the private healthcare sector.
Remittances from private medical insurers (PMIs) should help users of Healthcode’s online practice management and billing solution, ePractice, to manage their income.
The ePractice remittance feature displays advice from PMIs that a payment has been made. The practice can then view details of the amount and allocate the payment to the correct invoice or invoices. As well as reassurance, it helps practices monitor their cashflow which is essential for any successful business. And it means that users can quickly look into discrepancies between a payment and the invoice amount and if necessary, contact the insurer or generate a shortfall letter.
Unlike traditional remittance advice, which is often posted or emailed, the Healthcode system is encrypted to ensure that all financial details remain secure and confidential.
Healthcode Managing Director, Peter Connor said: “Healthcode’s goal is to use technology to make routine but necessary tasks easier for independent practitioners. Users of our e-billing service already receive automatic confirmation that their electronic invoice has been safely received but we wanted to give them the additional comfort of seeing when insurers have made a payment. The next phase of the project will be to introduce automated payment so insurer payments are automatically assigned to the correct invoice.”