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Online Medical Billings
Have your online medical billing taken care of by professionals
Written by Steve Thompson
Online medical billing has gained significant popularity as medical professionals become familiar with Web-based applications. Rather than downloading a software package onto your computers at the office, you can access your medical records online.
For many offices, this is easier and more cost-effective.
Online medical billing overview
Essentially, this type of program allows medical personnel to keep and access their records over their Internet connection. Although some programs require that certain components be downloaded to your computer, the majority can operate exclusively online and, therefore, do not take up valuable space on your PCs' hard drives.
The Web-based software will process whatever information you enter, and may either submit bills directly to insurance companies, or run your billing through designated clearinghouses. In return, you pay a monthly fee for the entire online medical billing service.
Important features of online medical billing
When evaluating online medical billing services, make sure to get a complete list of available features and prices for additional features that may not be included in those costs. The exact features you need will depend on the type of medical practice you run, your current billing procedures, the insurance providers you accept, and many other factors.
For example, some services come with letter templates that allow you to automatically plug in patient information for things like collections and alerts. Many professionals want customizable reporting features, electronic claims filing, remittance advice, patient billing for those without insurance coverage, and more.
General pricing guidelines
The pricing structure for online medical billing services is similar to that of off-the-shelf software packages. You’ll generally need to pay an initial set-up fee, which can range from as little as $50 to more than $500, plus a monthly service fee and a license fee for each user. Monthly fees range from $200 to more than $1,000, and license fees typically run between $10 and $100.
Some online medical billing solutions may come with additional functionality such as part-time provider licenses, data import charges, exit charges, and electronic claims fees. Depending on the vendor, you may also qualify for certain discounts such as reduced pricing if you run a charity organization. Make sure you know about the entire pricing structure before you sign up, or you could pay far more than what the provider advertises.
Evaluating dealers
Make sure you talk with both a sales representative and other physicians who use the same online medical billing service. Often, a provider will give you a list of references, or you can obtain a referral from a colleague to get the process started. Either way, you'll want to know that you’re dealing with a reputable company.
Ask if the dealer can set up a test account online for you so you can try the program before you consider a purchase. You may be able to test out the majority of functions through this process, and it will give you an opportunity to compare different features as well as ease of use.
Are you ready to purchase online medical billing? Submit a free request for price quotes and get matched to multiple dealers who will try to get you the best deal for your business.