Is Medical Billing Software Worth the Price?
Medical billing software can be an expensive investment, which means it’s not always a simple decision for your practice to make the jump. If you’re a company that’s on the smaller side, it might be even harder to figure out whether you’ll see a good return on investment. The truth is, financials are different for everyone, which means you have to decide what’s best for your individual business. We believe nearly every medical transportation, medical billing, and homecare company can benefit from a reliable NEMT manager software or medical billing software system. The following are just some of the many reasons why.
Claim Preparation
Claim preparation by hand is a long, tedious process. Billers have to sort through patient and payer data, matching that information with the right codes. When you bill with software, the system does this all for you. A process that used to take hours, if not entire workdays, becomes condensed to only a couple minutes per claim. Not only that, but you have the option to batch bill claims for an even faster process.
Faster Reimbursements
When you bill claims on paper, you have to wait for the claim to arrive via snail mail. This means it could take days for the payer to receive your claim, which they then have to review. When all is said and done, paper claims are paid after electronic ones, so you have to wait even longer. If you’re worried about seeing more money in your pocket faster, software is definitely the way to go.
Fewer Billing Errors
Some days, it seems like every claim you get back is filled with errors. Manual billing is notorious for producing billing errors—errors that easily would’ve been caught by software. NEMT billing software locates errors in every claim before submitting to make sure you stay on track and receive your reimbursements on time.
Transparency Between Provider and Payer
If you and your payer are on the same page, things tend to go a lot smoother. Billing through software enables you and your payer to communicate with ease and see the same details in the same format.
HIPAA Compliance
If you deal with sensitive healthcare data, you need secure software. Medical billing software is HIPAA-compliant, which means all data stored in the system is safe and can be transferred to your payers in an encrypted format.
Ready to Take Your Business to New Heights?
We get it, decision making isn’t always easy. But when you realize a product could change your whole company’s future, the decision becomes a little simpler. If you’ve decided it’s time to assess your software options, we’d love to help. Book your free demo with iSi today to see our software in action!
