How to Select Electronic Medical Billing Service?

Electronic medical billing service is paperless billing service. It is simple process of entering billing information in computer with lots of other information such as, doctor's information, insurance company, insurance policy and other related information. Through certain software electronic bill gets generated. This bill then is submitted to insurance company via internet by billing service.

Electronic medical billing service increases revenue cycle and eliminates dependency on staff for handling payment procedure. Increased productivity in billing is directly related to electronic medical billing service. This type of electronic service decreases the post-payment visit of insurance investigator.

Before you go for the electronic medical billing service, check that on below mentioned criteria:

Reliability: Check how reliable is service provider. Service vendor must be reliable. Otherwise your claim processing gets disturbed and can not get reimbursement quickly.

Transparency: Billing service must be transparent between doctors and service vendor. Doctor can check deposit and process any time through secure internet connection. So there are no miscommunication between doctors and service vendor.

Efficiency: You must check that billing service vendor is quick on submission of claims. This determines the efficiency of service provider. If they can manage continues process, they can deliver efficient result to doctors.

Quality: Are they taking any corrective steps to insure the quality of billing before time? Are they having any error identification method? Is there any quality assurance team who manages the quality by following QA process? This type of managed quality improves the transparency and reliability.

Time Factor: Time Factor is very important for every on-time payment. Are the service providers providing timely billing? You must know the timing of complete process as well as individual steps while billing. You should know the timeframe for scanning document, submitting and depositing check.

Industry Standards: Is service provider following HIPPA Compliance? Are they having qualified medial billing specialists? They must follow privacy and security standards. They have the facility of disaster recovery or not.

Value Added Service: Is service vendor providing quick and simple statement of patient account inquiries and disputes? Are they providing electronic posting of insurance and check depositing service upon arrival.

Electronic medical billing is a very secure and cost way to increase productivity and cash flow in the medical practice. Some billing companies also offer a free trial services. You can take advantage of free service to verify these criteria.

Author: Ray Charles

Source: http://www.goarticles.com