These days, with the health care profession being such a busy and demanding one, Medisoft billing software helps an office runt that much smoother. It's a nearly essential part of a medical practice (whether this be a private general practitioners, or a major city Hospital). It is up to your administrative staff to keep things running smoothly, and Medisoft billing software can make that job so much easier (and more efficient), which in turn will reduce your overall operating costs.
This article describes Medisoft billing software and lists its highlites and features. Medisoft is well respected and is generally thought to be the industry leader when it comes to heath care accounting software. This is for good reason - Medisoft billing software is hard to beat and it really is (considering the labor costs it can save you) an exceptional value for the money.
When it comes to requesting payment from patients or insurance companies, the rules are perhaps more complex than in any other industry, which is why Medisoft medical billing software is all the more necessary. It is so much more than just accountancy software; it will enable you to run your entire practice with more efficiency, collect payments more easily, and also (very importantly) help you to ensure that your billing practices are within the rules.
Medisoft billing software enables you to:
*Create tasks to assign to people within the office, meaning that you can check that the things that need doing are actually done; this also means that it helps to create accountability within your team for the completion of specific tasks.
*Medisoft billing software allows you to easily send an insurance claim to an insurance company and track the payment's progress, or if necessary, invoice a patient.
*Automatically create a list of overdue accounts, or flag these accounts with a message, so that a member of your administrative team is notified when they enter the account.
*Medisoft billing software will allow you to easily send out collection notices to patients who have overdue accounts, and if necessary, set up a payment plan with those patients to make it easier for them to pay and also to ensure that you are paid the money you are owed. (As with any business, cash flow is essential to ensuring the success and growth of your practice, and billing software can help enormously with this task.)
* For those accounts that are not overdue, you can quickly create the standard fee schedules that are necessary when billing patients or quickly access their insurance information.
In addition to these features (and actually many more that are included with the software), Medisoft billing software can create reports on the overall financial position your practice is in. This can help enable you to make purely business decisions on managing the practice and plan potential growth for the future.
Here are more features and benefits on Medisoft Medical Billing Software
Medisoft Advanced Patient Accounting is accounts receivable, insurance billing, and practice management software designed for all types of healthcare practices and billing services. Medisoft Advanced eases a healthcare practice's patient accounting chores and provides precise information to aid in more effectively managing any practice.
Medisoft Advanced is the product of many years of refinement, relying on practices using the program to recommend changes to make their job easier. Medisoft Advanced delivers state-of-the-art features with unparalleled ease-of-use. It works like a healthcare practice works, following the same simple steps as a manual accounting system.
Medisoft is HIPAA Ready
Auto Log Off automatically logs off any user that has been idle. This limits unauthorized access to patient and provider information in Medisoft.
The Warn on Unapproved Codes feature displays a warning when a procedure or diagnosis code you have entered is not set up as HIPAA compliant.
HIPAA unique identifiers that may later be required have been added to data set up for functions that may require HIPAA protection. These identifiers include NPI, National Provider Identification; EIN, Employer Identification Number; Patient Identifier; and Health Plan.
Accounting is Simpler
· Open item accounting makes it easy to match payments to individual charges. Know exactly what hasn't been paid. · Patient ledgers show complete patient account activity including charges, payments, and account adjustments. Reviewing a patient account is faster with the on-screen ledger window. Medisoft Advanced and above also includes a new transaction window that is easier and quicker to use. · Patient and insurance aging reports easily pinpoint past-due patient and insurance payments. · Medical insurance billing software with electronic statement submission· Patient statements may be produced on attractive, standard business forms or custom-designed in just the right format with the report designer. · Reduce patient account inquiries by holding patient statements until all of a patient's insurance has paid. It's automatic with patient remainder billing. · With multiple fee schedules, up to twenty-six prices may be stored and recalled for each procedure. · Payments automatically match charges using payment application.
Practice Management is More Effective
Charge, payment, and account adjustment information on the practice day sheet makes closing a day fast and accurate. · The practice analysis report guides and informs with information on procedures performed, payments received, and accounts adjusted for any period including a day, month, or year. · When a practice depends on referred patients, the patient referral report pinpoints these important sources of revenue. · Scheduling appointments is a snap with Office Hours, the patient scheduling program included with Medisoft Advanced. · Scheduling patient recall reminders for one visit or a series of visits needed for tasks like calendaring a child's immunization schedule is easy with the recall system. Patients can be informed of recall appointments with custom-designed post cards, or recall information may be exported for use in letters from your word processor. · Billing information is secure in Medisoft Advanced Powerful security is built into the program to prevent unauthorized access to sensitive information. Office managers can easily review changed or deleted billing data on the audit report. · An extra user-defined screen of patient information is available for tracking special information like immunizations, prescription medication or research data. Use it to define your own special data fields. Medisoft Network Professional adds the ability to design your own custom tab in the Case window to include custom case data entry fields. This information can be used to keep track of case-specific information not found in Medisoft by default. The customized fields can also be used in specialized reports and forms. · Tracks each patient's last visit date to make contacting patients for periodic care easy and automatic. · Design reports, write personalized form letters, and more with the report designer.
Insurance Billing Is Fast and Accurate
Stores information for billing virtually every type of health insurance including private commercial insurance, Medicare, Medicaid, CHAMPUS, Blue Cross and Blue Shield, worker's compensation, auto insurance for personal injury cases, and many others. Prints CMS1500 insurance claim forms. Custom claim forms are easily created with the report designer. Software updates to meet new insurance carrier requirements are readily available. The billing payment status report makes it easy to track down claims that have not been sent to insurance carriers. Insurance billing stays timely and accurate. Turn up your cash flow with electronic claim submission. Using a clearing house can prevent errors, reduce rejections and shorten payment times. Depending on the location of your practice, claims for Medicare, Medicaid, Blue Cross/Blue Shield, and commercial insurance may be submitted through a clearing house. Medisoft Advanced is compatible with Medisoft Electronic Claims Direct software to send electronic claims directly to selected insurance carriers Click here for more info about direct electronic claims. NEW - ERA (Electronic Remittance Advice or Electronic EOB) module lets you receive your Medicare EOB electronically and automatically posts your Medicare payments, adjustments, and deductibles - SAVING YOU HOURS OF POSTING TIME! Click here for more info.
Easy to Learn and Use
Search to quickly find patients, procedures, diagnoses, insurance carriers, or other information stored in the program. If you know the name, you can easily find the code. · Pop-up code entry windows for setting up or correcting patients, procedures, diagnoses, insurance carriers, and more are available anywhere a code is needed. · Pop-up help windows explain every screen in the program. Medisoft Advanced is its own computer expert.
Managed Care is Made Manageable
Medisoft Advanced tracks the number of visits allowed and the number of visits used in a treatment series. Visit information displays on the transaction entry screen and may be printed on insurance claims, statements and reports. · Handles PPO patients with a fixed amount co-payment easily and efficiently.
Help is On the Line
· Any software is only as good as the support it receives, and Medisoft's support is top-notch. · The technical support staff is available to answer questions and solve problems for Medisoft.
Real Windows Software for Real Productivity
Multitasking features let you work on several things at once. Enter data, print reports, and schedule appointments without stopping what you're doing. · Print reports, claims, and statements on any Windows compatible printer. Attractive, engaging shapes, fonts, and colors are all available on your reports. · Share data with other programs because all your information is stored in a standard database format. Standard Windows menus and shortcut buttons give fast access to every function of the program. · Medisoft Advanced works like your other Windows programs so it's easier to learn.
Procedure and Diagnosis Codes on Disk
With the optional Codes on Disk package you get all the ICD, CPT and HCPC codes for different healthcare specialties automatically installed in Medisoft. Have the most current code database for all specialties.
Grow Up With Medisoft
As your practice grows, so can your Medisoft software. When you own Medisoft Advanced. you can upgrade to another higher priced program and receive a full credit of your old program's retail price toward the purchase of a new one. Or you can purchase additional licenses to expand your Client\Server network.
