The billing cycle of a physician’s office can be an exciting process. Unfortunately, many practices do not have a simple and effective method of patient billing and claims processing. However, by adding charge capture software, managing a medical office becomes more efficient and effective.
Medical billing and coding software is used by medical providers to submit patient claims to a health insurance company for the services provided by providers. The medical billing process is done as an interaction between the healthcare provider and the insurance company. However, unlike in the past, there is now hospital charge capture software designed to make the billing cycle flow more smoothly.
Revenue Cycle and Charge Capture
By closely examining the billing and claims processing methods used by a medical office, it is easier to determine where it can be improved. It is important to examine how claims and billing issues are handled because there is a high margin for error when doing things manually. By integrating physician charge capture software, a medical office can simplify patient billing and streamline medical claims processing procedures.
Most often a doctor must pick from a list of the most commonly used procedures and CPT codes. Charge capture will display the charges for reviewing and the information is saved for later use or can be submitted in real-time to the office for completion. Having access to real-time communication with the billing office allows a physician to address any issues or problems before the claim is submitted to the insurance company for reimbursement.
Charge Capture and Billing Accuracy
The most common reason why medical claims are denied or rejected is due to billing errors. Many physicians find it difficult to record all patient encounters at the end of the day, but having the convenience of charge capture allows the information to be entered easily into a smartphone or tablet device. charge capture software provides a great solution that will let a physician enter medical codes, the point of care documentation and coding through one simple touch.
Charge Capture Medical Billing and Coding Lists
When using specialized software, a physician will not have to spend a long time trying to make necessary documentation of patient encounters. Charge capture will offer a list which can be customized with the most common procedural codes used by a medical practitioner during hospital rounds. The easy point and click list helps create accurate billing and saves time, meaning the physician can devote more time to actual patient care than wasting it documenting everything.
Benefits of charge capture software
There are many benefits to using specialized software in a medical setting. Capturing the right codes and procedures can eliminate lost fees and reduce operating costs. Another advantage of using this software is it enhances code accuracy and lets a physician spend more quality time with their patients. If you would like to know more about specialized charge capture programs, contact maxRVU for further information.
In many cases, as a medical practice grows it means it will be harder to handle medical claims and billing paperwork. By utilizing a system which incorporates hospital charge capture software, doctors can eliminate the need to outsource billing and manage their practice more efficiently.