Kareo has announced the next generation of its outsourced billing solution. Kareo Medical Billing is a new and improved cloud-based billing solution designed to help medical practices optimize their revenue potential. Practices can access Kareo Medical Billing through both web and mobile applications, providing unmatched visibility into the status of all of open claims and overall billing performance. Kareo Medical Billing also delivers secure, real-time communication between all practice staff members and Kareo, ensuring open billing or other issues can be efficiently and quickly resolved.
“Getting paid quickly with the least amount of effort is an essential requirement for medical practices today, but achieving this goal has been out of reach for many practices,” said Dan Rodrigues, founder and CEO of Kareo. “Given this reality, we’re proud to release our next generation solution designed to help practices optimize their revenue performance, while providing 24/7 visibility into all aspects of the practice – from scheduling to insurance verification.”
Kareo Medical Billing allows practices to view their billing status simply and in real time, securely communicate with their biller from anywhere, and review performance based on their goals – all on a single user-interface.
With the transition to ICD-10 approaching, practices need to ensure their billing processes are solid and outsourcing with the right partner is one way to do this. According to the May 2014 Black Book survey, “90% of solo and small physician practices with in-house billers & collectors expect to outsource most or all of their medical billing functions in the next 24 months.”