Insurance

Medical coding and billing software provides solutions to all billing related problems in a hospital. The software can be used to handle all medical insurance billing services which includes all the billing needs of the doctor or the physician and can also be used for claims submission, patient billing, follow-up with rejected claims and tracking accounts. The features that are present in the software must be made HIPAA compliant as it is essential for all health institutions in the US to send the medical bills electronically and also to store all medical records.

Medical coding and billing software must have security features that can give access to all staff members at different levels. The security feature must also keep track of the access details or even information on details edited, and the details of data transfers on the internet. Restricted access to users is one of the features that can be availed of from the software. These features help to maintain the confidentiality of the data that is stored in the software.

The medical coding and billing software fulfills a variety of needs for billing purposes. Some of the other features that can help along with managing the billing activities include data entry, printing and report generation, appointment and task generator and a mailing feature that enables to send direct emails through the software.

Some other full features present in the medical coding and billing software include customized patient/insurance aging, insurance type designations, anesthesia minute billing, sales tax support, automatic super bill numbering, billing reconciliation, transaction coding, ERA posting, inventory sales, resource-based scheduling, color-coded scheduler and guarantor filing. The management of smaller institutions make use of the medical coding and billing software to manage and process their patient data on a day-to-day basis, and also makes use of features that help to manage appointments and the insurance information.

The different fields of specialization in the medical profession have specific needs and functions that a medical coding and billing software must facilitate and cater to. The software programs allows for personalized programs that can be customized as per personal requirements. There are specific programs that help medical professionals to track payments made and generate invoice statements. There are other programs which are designed to show revenue collected and how much of the money is posted. The software also provides a practice management system for small offices and home medical billing users.