Medical billing software improves the cash flow and revenue of healthcare practices and organizations by automating much of the claims submission process.
Since healthcare providers receive payment for the care of a single patient from multiple sources, such as the patient, insurance companies, and government agencies, medical billing is exceptionally complex.
Medical practices that attempt to use spreadsheets to track patient accounts often find they lose claims that need to be resubmitted, which damages their cash flow and, in many cases, their revenue. Medical billing services software reduces billing mistakes that delay payments or cause claim denials, as well as create patient billing statements for co-pays and payment for services not covered by insurance. Many of the medical billing services also provide automated claim submissions, which also improves cash flow.