• Electronic Billing
  
  

What is Electronic Medical Billing

• Electronic medical billing is an automated method of managing document and billing flow. Using this system of software and technology, hospitals can save time and money and minimize human error. It combines practice-management software; electronic medical records, or EMR, software; and patient-registry software to systematize patient billing, insurance claims, health records, patient population, and health management.
  
  

Easy and Manageable

• Every time a patient's record is encoded in the EMR, his information and records are automatically tied with the billing system. This eliminates redundancy in files and entries, and it quickly disseminates the data to related modules. The data in the billing system can be used for insurance claims.
  
  Electronic medical billing improves cash flow and enables timely collections. Doctors can easily and quickly pinpoint and confirm any procedure or diagnosis that has been made, and they can enter the corresponding electronic bill in real time.
  
  

Quick Payments

• Sometimes EMR gives doctors and other health-care providers the capacity to instantly check online for a patient's insurance eligibility and verify her other medical benefits. This gives assurance that the existing insurance information is true and verified before any services are provided.
  
  The convenience that electronic billing and records offers contributes to an increase in profit in the shortest possible amount of time. By eliminating the need for loads of paperwork, records are kept organized and systematic, and with fewer errors.
  
  

Accurate Reports

• Hospital managers can have easy access to a wide selection of reporting tasks, and they can tie the billing directly to the existing accounting system. Billing software can act as a functional cash-flow assistance program that might show graphs, financial trends and reports to improve the efficiency of the medical practice.
  
  

Getting Started with Electronic Billing

• If a hospital or medical center wants to start using Electronic Medical Billing, it can contact one of several software companies that provide such services. Most companies offer free demo CDs to cover the modules and other software management systems.