Medical billing

Document flow in the vast U.S. Healthcare network is still largely paper based: Processing claims and medical billing requires multiple documents exchanged between doctors, patients, facilities, insurers, and processing personnel, resulting in labor-intensive, redundant operations. In addition, liability concerns and regulatory compliance require the generation and archiving of even more process-related paper as well.

Now that the American Recovery and Reinvestment Act of 2009 provides funding for investments in healthcare IT, medical billing offices are increasingly adopting electronic data management (EDM) to transform their part of the paper flow in, to electronic documents while easily integrating with diverse systems across the healthcare network. By optimizing their existing IT infrastructure, Medical Billing companies are experiencing timely returns, significantly higher productivity, and more efficient, timely service.

How EDM can substantially reduce costs and complexity, while increasing security and efficiencies for medical billing:

•  Enabling scanning and indexing of documents such as bills of lading, proofs of delivery, claims, and claims photos from multiple geographic locations for easy retrieval

 

•  Streamlining and integrating business processes: such as accounts payable, accounts receivable, and human resources to increase efficiencies and security

 

•  Reducing revenue cycle times and realizing vendor discounts via timely payments

 

•  Reducing or eliminating pre-printed forms by transitioning them to paperless business processes, saving on material, operating, and distribution costs

 

•  Improving customer satisfaction by regular dissemination of customer specified reports, and also by efficient retrieval of customer requests, such as expediting specialized merchandising requirements