XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> How to Choose the Right Medical Billing Software for Your Business | Medical Billing and Coding Class

How to Choose the Right Medical Billing Software for Your Business

medical billingIf you are going to excel and become an efficient medical billing and coding specialist, you are going to need the proper software. This is a big decision, since your medical billing and coding software will essentially be the backbone of your business. The right medical billing software can make your job quick, easy, and effective, or it can leave you confused and unable to competently perform your daily tasks.

With that in mind, here are the questions you’ll need to ask yourself when looking for a software program that will suit your needs.

Questions to Consider When Purchasing Your Medical Billing Software

User Friendliness: Many of the medical billing software companies will send you a temporary copy of their software to use on a trial basis. This will allow you to determine whether or not the program is user friendly. After a certain period of time, usually 30 days, the copy will expire and you’ll need to decide whether or not you’re going to invest in the program or not. This option does have its pros and cons. Although you’ll be able to test the program, if you are already working and responsible for accounts, you’ll have the additional chore of transferring the files over to a new program if you decide you don’t care for this one. With that in mind, it’s best to start shopping for your medical billing software while you are still in training. That way you can freely test out several programs, without the stress of having to keep up with your billing and paperwork.

Another consideration under the topic of user friendliness is whether or not the software was designed for larger practices. If you are working independently as a freelancer, you need to ask the software company if the version you are trying is mainly used by sole proprietors or not.

Accessibility: Medical billing software that needs frequent updates with the use of a CD is quickly becoming outdated. Since Microsoft’s Cloud campaign began, the move is toward all software becoming web based. This allows users full access at all times, without the hassle of purchasing costly upgrades every year. It also minimizes security concerns and allows the convenience of accessing your work from any computer.

Reports and Data: This is a matter of personal preference, but ideally your medical billing software should be able to provide the necessary reports that will help you complete your medical billing and coding tasks more efficiently. You should be able to pull up a provider list, productivity, payment histories, late payments, and more. Reports should also easily convert to Excel spreadsheets for ease of analysis.

Affordability and Hidden Fees: Once you’ve determined the features that are most important to you, it’s time to decide on cost. Especially now, in the age of web based programs, there is no reason to pay extreme amounts for your medical billing software. Programs that once cost thousands of dollars and priced the small business owner out of the market are now available for a fraction of that cost.

Also, be sure there are no hidden set up fees or extra charges for support or training. If the medical billing software you are considering doesn’t offer support and training for free, it’s probably wise to look elsewhere.

Insurance Eligibility Verification: This one feature may seem small, but will save you time and money in the long run. If your medical billing software includes insurance eligibility verification you’ll be able to avoid the $3 fee for every patient you verify. This will save you time as well, since you won’t have to call in verifications and sit on hold.

ICD-10 Ready: 2013 will be here before you know it and that’s when new coding (ICD-10) will go into effect. Be sure to ask if your medical billing software is ready for these changes.

These are some of the facts you’ll need to take into consideration when purchasing your medical billing software. Gather your information first, do your homework, and ask your colleagues about the medical billing software they have chosen to use.

Armed with this information, you’ll be able to choose the medical billing software that is right for you.

Comments are closed.

Premium Wordpress Plugin