Medical Billing Software
Medical billing firms are only as good as the medical billing software they utilize. There are various medical billing software programs available to assist your practice with various aspects of the medical business. Three of the most useful and cost effective software programs for medical billing are Medisoft, Lytec, and Medinotes.
Medisoft is probably the most useful medical billing software package to use if medical billing is the only task on the agenda. This program can do various things for your practice. It specializes in electronic insurance claim submissions and patient billing. It also has an automatic medical billing error checking system that reviews all claims before being submitted. This cuts down on reimbursement time and reduces the future cost of reviewing and resubmitting a corrected medical billing claim.
One of the best features of the Medisoft medical billing software is the ability to quickly see what accounts are over-due and by what amount. At a glance you can see the patient remainder and how much insurance has paid.
The Medisoft medical billing software not only helps your firm get more money, but costs much less than other programs. It is one of the best medical billing software programs on the market today, but costs about one tenth what similar programs would cost.
Another medical billing software system used in medical billing firms is Lytec. This systems is specially designed for medical practices that sell actual items or equipment. There is an inventory tracking system included, as well as an authorization tracker. For example, when doing medical billing for a durable medical equipment company, Lytec would come in handy. In this case inventory and authorization tracking is a requirement for a successful business.
If a company decided to use Lytec alone, it could also act as a claim submitting software agent. The other option would be to use Lytec to track inventory and authorizations and use another type of software for the actual medical billing aspect of the business. In this case Medisoft would be a good choice to compliment Lytec.
Business analysis is another feature of Lytec. When performing medical billing, the software identifies trends through code analysis. This feature is meant to make your practice as successful and profitable as possible.
Medinotes is a medical billing software program that is much different then the other two. Medisoft and Lytec are no substitute for Medinotes. Medinotes is a software program that performs functions the other two medical billing programs do not. This program is specifically designed to record, chart, and store patient information. Anything related to the patient including medical history, patient alerts, allergies, patient summary, etc. are recorded in Medinotes. It provides an easy to use format that allows you to have all patient information at your finger tips. This makes for easier and more efficient medical billing.
You may be worried about the security of Medinotes. After all, your patients' medical billing information is confidential and private. The Medinotes medical billing software has top of the line security measures installed. It is password protected with limited access licensing. Your charts are much safer in the medinotes software then an old file cabinet!
As medical practices get more and more competitive, it is necessary to have a competitive, top-of-the-line medical billing software program. The best software systems on the market today that are affordable for a new or existing firm include Medisoft, Lytec, and Medinotes. Some practices may decide they only need one of these medical billing programs to run the business. Others may want to be more competitive and use a combination of the three. Either way, purchasing any one of the Medinotes, Lytec, and Medisoft medical billing software programs will make your medical practice much more profitable.