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Medical Billing Software

Practice Management Software VS Medical Billing Software

Medical service providers are keeping a close eye on increasing their revenues and managing their administrative workload. For this purpose, they need some management tools, which can not only help them to manage their billing activity but also reduce administrative workload. 

There are multiple software solutions available in the market. 

In this article, we will discuss practice management software and medical billing software. The difference between these two and how they are helping the medical service providers to effectively manage their daily activities. 

Medical Billing Software

Medical billing software is the need of the hour, especially for small practices. As they have very few people to manage billing activities and in most of the cases they have to rely on the traditional model of billing. On the other hand, for manual working, the chances of errors are also very high. Medical billing software can make it easy for service providers to streamline their billing activity.

Here are some of the benefits associated with medical billing software.

  • Claim Tracking

Medical billing software helps you in tracking claims. With the help of that feature, you can easily get the notification of all claims which are denied. Moreover, it further assists in tracking the duration in which you can resubmit your claim.

  • Minimize Paperwork

Many health service providers are still using paper records in their practices. While it’s not easy to manage the records in the paper form, there are chances that records may be lost and if not lost then tracking and storing the records in the paper form is much more difficult. So medical practices are switching towards software systems that are more reliable and efficient compared to the paper form. 

  • Improve Data Management

Medical billing software helps you to manage patient data more effectively. As all the records are in digitized form, the accessibility also improves. Now the critical data is few clicks away, thanks to these advanced software systems. Which made the payment process more efficient by just reducing the accessibility error. 

  • Improve Patient Care

The software system also improves the patient experience. With the emergence of new technologies, the behavior of the masses is also changing. Now people are more convenient in paying their bills online or using their mobile phones. With these software solutions, a health practice can offer their customers a wide range of payment options, like creating an online patient portal, from where they can easily pay their bills and track the payment process.

  • Improve Medical Coding

The majority of the healthcare system faces coding issues in the billing process. ICD-10 is recommended as the standard of coding across all medical practices and it is essential for every practice to make its system compliant with ICD-10. It will help you to streamline your billing process by reducing the chances of coding errors. On the other hand, there are some software solutions available in the market which can automate your coding process by using some advanced artificial intelligence technology. 

Practice Management Software

A  practice management software is not only essential in the billing activity of the healthcare system but moving one step further it also assists in running and managing the administrative work of health service providers. Which includes essential features like charting, scheduling appointments, and tracking. Below are some of the benefits of practice management software. 

  • Billing Process

Practice management software is effective in the billing process by verification of the insurance eligibility of the patient earlier. As we know that these are some of the very essential information to a streamlined billing process. While practice management software is not much effective compared to advanced medical billing applications, they are effective in reducing billing error to some extent.

  • Administrative Perspective

Practice management software helped many medical service providers, especially small practices to improve their administration. Practice management systems assist in tracking the patient record, scheduling appointments, and charting patients. All these tasks can be done by simply using PM software which was previously done by your support staff. In that, you can reduce the workflow of your practice. Which eventually provides you more room to focus on other patient-centric activities.

  • Integration With Other Tools

Like any other software system, a practice management system can also be integrated with the other tools and systems. Like it can easily be integrated with the electronic health record system. Which allows the health service providers to easily access and manage the records of patients at any time. This feature makes it more suitable for small practices. 

  • Enhanced The Quality of Patient Care

Practice management software is giving healthcare service providers an incentive to improve patient care. As it took most of the administrative work like scheduling, keeping records, and tracking away from the administration. Giving them an excellent chance to improve the patient experience. 

Practice Management Software Vs Medical Billing Software

Throughout this article, we have seen the benefits of medical billing software and practice management software. While both of these software solutions are essential for medical service providers, choosing between these two is somehow challenging. So, below we are figuring out some of the similarities and differences between them. 

  • Talking about data security standards then both Practice management software and medical billing software are compliant with ICD-10 and HIPAA. There is no exception in fulfilling the standards. 
  • Practice management software gives an option of charting the patient, which helps in lowering the administrative workflow. While this option is missing in a medical billing software system.
  • Practice management software makes the scheduling and appointment of the patient more efficient. On the other hand, this feature is missing in the medical billing software. 
  • Both of these software is helpful in streamlining the billing activity, whether it is the collection, verification, and tracking of the patient record and insurance claims but with using more advanced tools and more advanced artificial intelligence systems medical billing software has an upper hand in this section. 

By comparing the features of both software solutions, we concluded that both are important for health service providers. But it solely depends upon the requirement of your practice. As both of these software’s are making the billing process more smooth. While practice management software is assisting in administration especially for the small practices. The medical billing software is making the billing process more efficient with its advanced features. 

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EMR

EMR Improves Patient Care In What Ways?

The 20th century has seen a big increase in technological changes around the globe. Software organizations are constantly looking to create solutions that lead to breakthroughs in industrial practices. The EMR market was valued at $23,592 million back in 2016 and this value is expected to rise to $33,294 in 2023.

Medical billing is a process that is very important and if not done right it can cause a lot of issues for clinics or private physicians. However, now this process has been simplified. With the introduction of EMR services, medical billing has been easier. 

How Do EMR Systems Work?

Electronic medical records or EMR is a system of organizing patient data digitally using special software. Electronic medical records are the hard copy data files converted digitally that record information about the patient, like their medical history and treatment. It is a quick and efficient way to gather data and refer to it. 

The Benefit Of EMR Systems To Practitioners 

Service Improved

EMR systems are a great tool for patient care and the quality of work of family physicians. The constant changes in technology make it hard for private and family-run medical centers to keep up to date, after all, they are human. 

This is where EMR Systems are a strong tool to have. EMR systems are designed to simplify access to information and relationships, effectively transforming how physicians conduct their practice.

Save Money

EMR systems are an excellent way to control expenses. According to a study published by The American Journal of Medicine, EMR systems can lead to an increased return to your financial records. The use of EMR systems has led to savings on drug expenditure due to quick and efficient recording and reporting of billing services.

Improved Information

Providing information effectively is a huge ask in the case of paper-based systems. EMR systems allow information to be presented in the form of graphs and pie charts. Vast amounts of data like cholesterol levels, and blood pressure, allow physicians to track any changes that have taken place over time. Leading to better management of chronic diseases, thus,  improving the quality of care provided to patients. 

Space Saved

Out of all the paper produced, the medical industry takes in 92 million metric tonnes of it. Storing these many papers requires a lot of space. However, using EMR systems all of the patient records are stored digitally and only the required information is printed out. This reduces the need for storage units to be installed and spaces can be used more efficiently. 

EMR System Benefits To Patients

Patient Is Top Priority

EMR systems improve the quality of patient care and also play a crucial role in increasing safety. Checking a patient’s record has become very simple through EMR systems, rather than looking through large files and wasting time.

EMR systems are used to prescribe and place an order for a patient. The patient’s history and allergies are available at the click of a button. The availability of such information allows the staff and the doctor to give well-rounded, and efficient care to the patient.

EMR systems allow patients to make informed decisions about their pending surgeries, procedures, and other areas of their health. Furthermore, patients can also request electronic copies of their healthcare information when they want to.

If they ever want to switch healthcare providers, their electronic medical record is transferred to the new healthcare provider, giving them an in-depth look at their history.

Emergency Situation Handled Better

There are many situations where patients cannot carry their medical records. In emergencies like road accidents, sudden cardiac arrests, and natural disasters, patients cannot provide medical details.

In such cases, electronic health records can be critical life-saving info for emergency care providers. And this is possibly one of the most important benefits of EMR systems.

Secure Data

According to research in the US around 15% of the paper documents are misplaced and 7.5% of those are completely lost. This increases the risk of the patient’s private information being leaked.

With EMR systems, they contain firewalls that prevent breaches and secures all the information.

Accuracy Increased

During emergencies and also generally errors are made when documenting a patient’s data. Errors like confusing handwriting or mis-spelling can lead to misdiagnosis or other problems. 

EMR systems allow the occurrence of these errors to decrease significantly which leads to accurate and precise records.

Environment Friendly

Using EMR systems is not only helpful for efficient record keeping, but it is also playing its part in us having a cleaner environment. Requests, results, bills, all of these take a lot of printing of papers.

EMR systems eliminate all of these by a Green and Clean record-keeping system.

Guide To Choosing EMR Systems

Initial Investment

The cost of EMR systems varies with the number of options it offers and the vendor you select may also impact the cost of the software.

Therefore, when you request a price estimate, ask for the initial licensing fee. And also, the amount that the additional components you need will add to the price.

Customer Support

Even after days of using EMR systems, companies come up with issues about functionality. Making it important to choose a provider that offers customer support 24/7. Without excellent customer support at the back, it is unlikely that hospitals can get all the advantages of EMR.

Customizable

Hospitals have their management styles and needs, so the EMR system must be flexible enough to adapt. Double-check varies with vendors if their systems have room for all your requirements. 

Training

Perfecting an  EMR software takes days or even months. So you must confirm the time it will take to get the EMR up and running from the provider.

Some vendors even offer training to the staff and medical practitioners. So that’s another critical advantage of choosing your EMR software.

Get Automated EMR Services Now!

EMR systems have a direct impact on the medical practices and processes of healthcare organizations which is why you should take ownership of your decisions, identify requirements, get EMR expertise, integrate practice management, focus on simplicity and ease of use of the software, assess support and upgrades, check vendor feasibility, determine your financial limits, focus on the implementation of strategies and techniques.

Are you one of those people that has been involved in this practice for years? Do you have piles of data of your patients which is crucial for you? 

Well worry no more, Here at Med-Miles LLC, we offer you all the required expertise that you need in switching to a better future. 

All you need to do is contact us at +1 888-598-9181 or email us at info@med-miles.com.

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Healthcare Software Solutions

Healthcare Software Solutions: Why Do You Need One?

The 20th century has seen a big increase in technological changes around the globe. Software organizations are constantly looking to create solutions that lead to breakthroughs in industrial practices.

Medical billing is a process that is very important and if not done right it can cause a lot of issues for clinics or private psychiatrists.

However, now this process has been simplified. With the introduction of Healthcare Software Solutions-EMR, EHR, and PMS, medical billing has been easier.

Thinking-Why do you need EMR systems?

Nowadays there is an electronic solution to everything. Keeping paper records of your patient’s medical bills is a huge burden on employees and slows them down as well.

Here, EMR (Electronic Medical Record) systems play a huge part in minimizing the effort of keeping records of medical bills.

Choosing EMR systems over paper records provides you with benefits that can’t be ignored.

This blog post highlights some of the advantages of having an EMR system. You Should Read Them!

  • Medical Diagnosis Improved

In the US over 12 million people suffer from misdiagnosis.

This is due to the time it takes to track your patient’s medical records.

With EMR systems all it takes is a click of a button and you get all the history of your patient, making you focus more on the diagnosis of your patient rather than wasting energy looking for the right file.

  • Easier Access To Information

Paper-based medical files are huge and looking for the right file takes time and a lot of concentration.

This is more threatening in case of an emergency where time is very limited.

Using EMR systems, you have access to thousands of records within milliseconds, potentially saving lives.

  • Storage Space Eliminated

Out of all the paper produced, the medical industry takes in 92 million metric tonnes of it. Storing these many papers requires a lot of space.

However, using EMR systems all of the patient records are stored digitally and only the required information is printed out.

This reduces the need for storage units to be installed and spaces can be used more efficiently.

  • Increased Customer Care

The time it takes to look through files causes employees to ignore the patient. This increases the danger of misdiagnosis and also upsets customers.

With EMR systems it allows employees to do what they were hired for, which is taking care of the patients.

  • Data Security Improved

According to research in the US around 15% of the paper documents are misplaced and 7.5% of those are completely lost.

This increases the risk of the patient’s private information being leaked.

With EMR systems, they contain firewalls that prevent breaches and secures all the information.

  • Accurate Data

During emergencies and also generally errors are made when documenting a patient’s data.

Errors like confusing handwriting or mis-spelling can lead to misdiagnosis or other problems.

EMR systems allow the occurrence of these errors to decrease significantly which leads to accurate and precise records.

  • Environmentally Friendly

Using EMR systems is not only helpful for efficient record keeping, but it is also playing its part in us having a cleaner environment.

Requests, results, bills, all of these take a lot of printing of papers.

EMR systems eliminate all of these by a Green and Clean record-keeping system.

How Can You Switch To EMR/EHR Systems?

Choosing the best EMR, EHR systems requires you to look at different aspects of your business.

There are a lot of EMR software packages and you can select the efficient one by following certain processes and criteria.

The EMR software has a direct impact on the medical practices and processes of healthcare organizations which is why you should take ownership of your decisions, identify requirements, get EMR expertise, integrate practice management, focus on simplicity and ease of use of the software, assess support and upgrades, check vendor feasibility, determine your financial limits, focus on the implementation of strategies and techniques.

Are you one of those people that has been involved in this practice for years? Do you have piles of data of your patients which is crucial for you?

Well worry no more, Here at Med-Miles LLC, we offer you all the required expertise that you need in switching to a better future.

We will provide you the best vendors of EMR systems according to your needs. So, don’t miss this opportunity.

Feel free to contact us at +1 888-598-9181 or email us at info@med-miles.com.

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Practice Management Software

Practice Management Software- 8 Features Healthcare Provider Should Consider

Healthcare is one of those rapidly growing industries. Rapid growth in demand for medical facilities and providers of medical services loads the system, making it incompetent to work with absolute efficiency. 

Providing quality care to patients requires a great pool of skilled, dedicated medical professionals and cost-effective clinical procedures. 

In this digital era, healthcare organizations face challenges in managing complex tasks related to automating some important processes like appointment scheduling, handling patient information in a compliant manner, resolving insurance claims, patient bills, and accounts, etc. which need regular and repetitive follow-up that must be compliant with HIPAA standards.

As a healthcare provider, you should take some time in order to find a tool that is upright for your practice and can help you in uplifting your revenue. 

However, if you are looking for a tool to optimize your practice’s daily work and better understand how your practice works, medical practice management software can help you do this.

Medical Practice Management software is a one-stop-shop solution that provides a window into third-party related activities to manage all the aspects of your practice. 

This blog provides detailed information on what to look for when choosing a medical practice management software. 

What Is Practice Management Software?

Medical Practice Management Software is designed to integrate with Electronic Medical Record (EMR) to run operations like financial and administrative functions. This integration is helpful for healthcare providers. 

From administrative to clinical, Practice Management Software creates a holistic view of the practice.

Practice management software has undergone several changes over the years. It helps medical practices in organizing medical records stay engaged with patients and other automating functions like billing, Scheduling, Task management- all in one program.

Key features of Practice Management Software

Whilst consider the practice management software these are the 8 main key features that you should look for. Without these key features, practice management software is not effective.

Integration With Electronic Health Records Software

Practice Management Software, together with Electronic medical records provides distinctive chances for upgrading your practice. When practice management software integrates along with your electronic health record (EHR) it will help you to manage your practice billing and payments from a single interface. So, we suggest you choose software that can integrate with EHR.

Moreover, it will optimize your productivity by transforming the clinical, financial, and operational facets of your practice. 

Comprehensive Financial Dashboards

Having user-friendly financial dashboards will help you to analyze your practice in a single glimpse. It will also help you identify key areas of improvement and find ways to capture more revenue.  

It is pointless to say that any practice management software’s reporting capabilities are vital in making choices about which one to work with. 

Follow-Up on Patient’s Financial

With efficient practice management software, you can recover your overdue payments from your patients. This will help you to get quick and accurate information so that you can design a process to improve the reimbursements. 

Eligibility Verification

Insurance eligibility verification is important to maximize your revenue. This function also points out the problems of insurance compatibility, which in the long term will eventually reduce the rejection rate of insurance claims. The ultimate goal is to increase the probability of prompt service payments.  

Effective Appointment Scheduling

It is difficult to find the available appointments and booking can be time-taking and frustrating for you. To deal with this tough time you need effective practice management software that gives you a seamless experience and assists your staff in booking and rescheduling the appointments at any time easily. 

Automatic Re-Filing Of Claims

Submitting a complaint again may take a long time. And this time would be better spent on patient care. However, choose a practice management software that automatically re-file the claims without any error. Hence, this will reduce your work pressure and improve the financial condition of your practice. 

At Med-Miles LLC we provide EMR/PMS consultancy services to healthcare providers for setting up new practices, streamline front and backend operations for existing practice. 

We also assist in providing the best possible EMR/PMS vendors that suit your specialty type and budget. 

Call us at +1 888-598-9181 and get the best EMR/PMS consultancy services Today!

Customization

Built-in flexibility within the practice management software is always preferable because the ability to customize options and dashboards to suit your needs will allow you to meet them a little easier.

24/7 Customer Support

With Practice Management Software your life would become much simpler and easier. It will always be an excellent choice to select a software consultancy from a trusted medical billing company that provides you the technical support whenever you need it. 

Now you know all about the 8 keys features we’d recommend you consider while choosing a practice management software. These will help you to identify and prioritize the best available to meet your requirements.

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