Types of Medical Billing Softwareby Ted Marten
Heath care providers use a variety of medial billing software programs to keep track of patients' accounts and determine how much has been paid and how much is owed. Because medical billing has become more sophisticated in recent years, it's important to have billing software that can read and understand invoices, insurance claims and co-payments. Medical billing is privileged information, and it's essential that any medical billing software program have safeguards in place and provide accurate information and keep it private.
Lytec is one of the most popular medical billing software programs, and to ensure that medical information is protected, Lytec keeps the database encrypted. This software has a variety of special features, and it alerts users when a payment is due from an insurance company or a patient, which makes it easy to stay up to date on collections. Users are also able to manage co-payments and patient insurance claims.
Medisoft is a very common medical billing software program, and because it can be found in so many medical offices, many training schools use it as part of their curriculum. Medisoft incorporates a variety of billing functions, such as reporting past-due accounts, tracking payments and generating invoices. What separates Medifast from other medical billing software programs is that it can be configured automatically to send patients their outstanding balance each month.
CollaborateMD is designed to increase office productivity and effectiveness and allow clinics and hospitals to focus more on patients. This medical billing software program helps medical providers get paid faster by electronically submitting their claims. This allows offices to maximize their billing efficiency by using Internet-based, on-demand practice management solutions.
Patient Information Management Solutions
Patient Information Management Solutions (PIMS) is able to provide medical billing solutions for a variety of health care providers, including hospitals, clinics, private practices and pharmacies. PIMS allows these medical offices to manage multiple account receivables, locations, modalities and services with one software solution.
The medical billing software program Eclipsys allows users to include patient data along with medical billing information. Eclipsys is able to store all types of patient data onto its software, including medical history, family history, allergies, medications and other important medical information. Having patient data readily accessible makes the medical billing process more efficient, because collectors can simply look at a patient's history to answer any questions about a procedure.