Accurate invoicing and reporting is one of the most important things you can do for your finances. For practitioners who are simultaneously trying to attend to patients and run their business, it's even more important to have access to real-time Information. By making use of the Invoicing, payment tracking and reporting functionality in ePractice, Practitioners can ensure they're ready to profit from new opportunities.
Does your fee vary depending on location or type of payor? If so, we've the price fix just for you. Make it simple to raise invoices. The Pricing Matrix enables you to record your fees for treatments and services, including differentiating for different payors and treatment locations. Once the necessary details have been entered on an invoice, you can insert the correct fee with just one click.
It goes without saying that electronic invoicing is faster, more accurate and secure than old-school paper invoices. Our Clearing System uses uniquely developed technology for the healthcare industry enabling you to create and send invoices to all the major Insurers and payors, as well as self-funded
patients from one place.
Patients will expect to be billed promptly with a stress-free way to pay. In partnership with patientzone's online payment platform, we offer a secure billing and payment service for ePractice users - as well as those using third-party software - to charge for self-funded care. Not forgetting those handy payment reminders.
Record and reconcile payments so your accounts receivable is up to date. The payment tracking section of ePractice makes it easy. Find and allocate payments to the correct invoices and reallocate shortfalls for swifter payment. Whether you're using ePractice or not, where remittances are sent, an easy to use summary is generated to help your balance sheets.
You may be seeing more patients come through your door. But if you don’t get paid then your cash flow will inevitably dry up leaving you unable to pay your own bills. When it comes to invoicing, it pays to strike while the iron's hot – the longer you delay, the greater the risk the invoice will be rejected. Plus, if a payor has a concern, it’s much easier to resolve it quickly when it's closer to the treatment date.
Every practice management system should provide a range of real-time financial reporting options, so you can monitor your practice’s vital signs. ePractice includes a wide choice of financial reports. To make your life easier these can be exported to other software to be shared as required.