- A medical
billing service provides electronic insurance claims processing and
patient billing services for medical doctors, chiropractors,
dentists, physical therapists and other health care providers.
Medical claims and patient billing are the heart of any medical
practice. Steady financial receivables are what keep a business
running. There will always be a need for medical services;
therefore, medical billing services will always be in high demand.
regulations, increasing wages and competition are forcing all areas
of medical practices to cut costs while maintaining the highest
level of quality care to their patients. The growth of Managed Care
makes it harder for health care providers to maintain their
profitability. Outsourcing to a professionally trained medical
billing service is a profitable alternative in handling their
patient insurance accounts. This allows medical practices to attend
to patients, not paperwork.
Billing Software And coding
- Medical billing
software helps providers manage financial information and reduces
errors on claims submitted to Medicare and some 2,800 other
insurance companies. Medical billing software can be a standalone
function or integrated with other aspects of medical practice such
as patient medical records. It can be linked to the laboratory and
other ancillary service areas. It can interface with other software
that will analyze claims for completeness, accuracy and probability
of being edited by Medicare.
- Lytec is a
Windows based medical billing software designed for medical offices,
chiropractors, dentists and medical billing services. Whether you
are starting your own medical billing service or managing a private
practice, Lytec medical office management software gives you the
flexibility to easily send electronic or paper claims from your
- Medical billing
services are companies that take the pain of collecting money out of
the doctor’s office. A good service will maximize a
doctor’s receivables, while keeping their cash flow consistent.
The key is choosing the right medical billing service.
of the service will attend insurance company seminars, advise the
doctor of changes in their field and provide them with regular
financial reports. They should not only handle the billing
needs, but should act as consultants for the doctor, advising of fee
structure, coding practices, and other ways to improve the office.
medical billing software covers a wide range of functions:
- tracking patient
demographics, visits, and diagnoses
transmitting, and tracking billing information and insurance
- generating a
variety of reports
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