How EMR Systems Streamline Medical Billing for Clinics
Electronic Medical Records or EMR Software can help with Medical practice management. About 89.9% of office-based U.S Physicians use EMRs or EHRs! So the software is helpful for both administrative personnel and clinic staff. In addition to keeping medical records, EMR Software assists your Clinic’s finances in various ways. First, clinic staff will input medical consultation info into the EMR system, and its billing module will generate an invoice. In summary, they’re secure, accessible, and flexible. As a result, it boosts your chances of catering to more patients because it streamlines your medical practice.
EMR Software and its advantageous billing features
EMRs, or EMR software, can help with practice management, not just with its billing system. You’ve probably transitioned from paper to electronic records if you have the software. So, you can find billing records with just a few clicks. Additionally, the billing module automates regular data entry processes. It’s also great for filing insurance claims! Plus, it can include a revenue management system. (PxTrack also has a Billing section!)
Without the help of dedicated Clinic Management Systems, clinic staff may find themselves being limited by tedious tasks. For example, manually counting data required for reports.
However, if you have an EMR that can provide specific reports to help you analyze the Clinic, you can learn about how your Clinic is doing financially. For example, are you making a profit or losing it? In addition, you can delegate other secretarial tasks to the EMR.
Your medical billing section can even check if a patient is eligible for insurance! Also, it’s perfect for tracking insurance claims and billing.
EMR Software and the billing system
Out of all of the ways the software can help medical staff, billing is one of the more practical ways for EMRs to assist Healthcare Providers. So, in short, EMRs can provide medical invoices for patients!
EMRs or Electronic Medical Records help doctors and clinic staff to keep track of their patients. However, EMR Software tends to have billing-related features. Most EMRs have billing modules! Medical Billing Systems have three types: Closed, Open, and Isolated.
Of course, an EMR’s primary goal is to monitor medical records, not just create medical invoices. However, in terms of finances, it can help with billing. In short, billing isn’t the EMR Software’s main feature, but it’s more like a valuable bonus.
An EMR Software’s billing section makes things quicker. For example, users can record charges for specific patients. Plus, it monitors patients’ dues. So, it can tell staff whether someone has paid or not. Additionally, it can also be valuable if you accept payments from HMOs.
How HMOs work in an EMR
Let’s say you’re a clinic affiliated with Health Maintenance Organizations or HMOs. So, you can accept HMO payments. As long as they’re accredited for HMO, patients can pay for the Clinic’s services. These services include consultation fees, laboratory tests, etc.
So, an EMR Software or System ensures the quick streamlining and summarization of the HMO reports for medical billing purposes.
If you’re catering to a hundred patients every day, some may be paying with different HMO providers. When they pay you through those various providers, doctors give a summary of the billing every month. Or, perhaps an agreed-upon period.
Then, through the EMR, the Clinic can give a summary of patients who got a checkup and who paid through HMOs. In addition, the EMR system should be able to generate a list of consultations and the appropriate billing charges recorded under a particular HMO. So, from the EMR reports, the info will carry over to the billing or medical invoices.
How does it work in the system?
For practice management, the EMR Software is valuable. So, the system layout depends on the software when it comes to handling payments via HMO. First, however, you generally have to indicate that you’re recording an HMO payment. Then, select the HMO the patient is connected to.
Upon adding the record, you might find that the bill is fully paid. So for the patient, the charge is paid. But, it’s not paid on the HMO’s level. So, the HMO will have to pay the dues on behalf of the patient later.
So at the end of a certain period, the EMR will generate a report. The software generates a summary to bill per HMO.
Also, with the help of EMR Software, there’s no need for staff to go through a logbook manually. So there’s no need to check the records of HMO payments for what services. In turn, it’s easy for the system to generate such reports.
Medical billing in EMRs can streamline your clinic processes!
With an Electronic Medical Records’ billing module, the process within the Clinic is simplified and efficient. So, you get to accommodate more patients a day. You can monitor patients more comprehensively while saving time. Thus, you can cater to patients better.
Of course, the main point of an EMR is to handle your Clinic records, but you might want a billing module to help keep track of payments too. Also, EMR Software’s billing features can come in handy if you partner up with an HMO.
Check out some Electronic Medical Records in the Philippines and see which one works best for your practice.