Medical Billing in the 21st Century

It is a new millennium in patient accounting. A physician practice is no longer required to spend thousands of dollars for billing software to process insurance claims. HIPAA has standardized, streamlined, simplified, and secured the process of insurance reimbursement for health care providers. The Internet has eliminated the need for in-house computer hardware, software, consultants, backup plans, and computer savvy employees.

The result is a physician practice that is free to practice medicine. This sounds like science fiction, but the technology is available right here, right now.

What Has Changed

Previously, a physician practice was forced to either perform their billing functions internally or outsource them to a billing company. Often, the decision to outsource was based on the fact that the practice did not want to purchase the hardware and software required to submit and reconcile claims. Nor did they have the time or expertise needed to operate a computer department.

Today, the Internet allows a practice to outsource all the non-medical aspects of the billing process while it retains those parts pertaining to the patients and the patients' treatment. Hardware, software, software updates, licenses, backups, maintenance, claim submissions, payment posting, and AR reporting can all be off loaded via the Internet.

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