Join Us for a Kareo Medical Billing Software Demo Webinar: How to Streamline Your Medical Billing

February 25th, 2011 by Joann Doan

Kareo dashboardYou are invited to join us for a free demo webinar on March 10 or March 29 to learn how Kareo medical billing software will make medical billing easy for you as you improve your profitability. You’ll hear how you can:

●  Reduce your cost of ownership with web-based software by eliminating costly software and upgrades
●  Save money on your medical billing by paying one affordable monthly fee for software and clearinghouse
●  Keep things from falling through the cracks–quickly and easily see what claims need to be followed up on, which insurance companies haven’t responded and more
●  Use easy to customize reports to see which procedures are most profitable, which providers are most productive, and much more
●  Implement an integrated EMR/medical billing system with Kareo + Practice Fusion, the lowest-cost option available for EMR and medical billing

Starting at just $69 per provider per month, Kareo is the easy, affordable medical billing option that is trusted by thousands of doctors.

We’ll show you why.

During this one-hour webinar, you’ll see in detail how Kareo’s easy to use features help you make your billing more productive. Please note that this webinar is designed for those who are not currently using Kareo but are interested in learning more about our easy, affordable application.

Title:   Kareo Medical Billing Software Demo: How to Streamline Your Medical Billing

Date:      Thursday, March 10, 2011

              Tuesday, March 29, 2011

Time:     10:00 AM – 11:00 AM PST (1:00 PM – 2:00 PM EST)

After registering, you will receive a confirmation email containing information about joining the Webinar.

Space is limited.
Reserve your Webinar seat now for the dates indicated below:

March 10, 2011                                             March 29, 2011

1:00 PM EST/10:00 AM PST               1:00 PM EST/10:00 AM PST   

Medical billing software demo registration Medical billing software demo registration

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What’s the True Cost of Medical Billing Software?

February 22nd, 2011 by Joann Doan

cost-cuttingToday’s uncertain economy is presenting healthcare practices across the US with a whole host of challenges. These include inactive patients, increased competition, the pressures from managed care and declining reimbursements, each of which can negatively affect your bottom line. Because of this, you need to find ways to cut costs and improve efficiency, and web-based medical billing software allows you to do both. Web-based medical billing software is cost-effective and offers many benefits over traditional billing methods that require an expensive computer server and software program.

What you can expect to pay

The most basic computer server for a small healthcare practice can cost well into the thousands, and so can medical billing software. Adding a server and medical billing software to your practice is a big commitment, and it involves much more than you might realize. Here is a sample cost breakdown for a dedicated server and billing software for two computer workstations, which is the typical setup for a small practice:

• Computer server — $3,500 to $5,000

• Ethernet switch/wires — $250

• Backup hard drive — $500 to $750

• Software training — $1,000 to $3,000

• Software license — $1,500 to $3,500 per user

• Software upgrade — $1,500 to $3,500 annually

• Information technology (IT) support — $200/hour

More costs that you will incur

Once your computer server and medical billing software are installed, be prepared to pay for a whole host of other things, such as medical clearinghouse service fees, printed forms and envelopes, postage, phone calls to insurance companies and patients, and insurance coding and billing manuals. How much, you ask? Let’s assume your staff includes two medical billing specialists who are making $8,000 per month combined. These additional expenses can add anywhere from 5% to 10% to your labor cost each month ($400 to $800).

With web-based billing, no expensive servers or software are needed–ever

With web-based medical billing software, you won’t need to buy expensive computer servers, which require ongoing backups and maintenance, or costly medical billing software programs that need annual upgrades. All you need is a computer with Internet access and your staff is ready to start billing. Web-based medical billing software is affordable for healthcare practices of all sizes, and in every specialty. Some software companies, like Kareo, offer a variety of plans with low monthly subscription fees and don’t require any up-front costs or contracts. Kareo’s plans start at just $69 a month, not including electronic claim fees, and there is no extra cost for setup and staff training.

 Easy to use

Your employees will enjoy working with web-based medical billing software because it makes their lives easier. They don’t need to worry about doing anything technical; they just do their jobs with greater efficiency and accuracy online. Web-based billing software programs look just like a webpage and were designed for easy navigation and data entry. Depending on the needs of your office and your staff, you might want to consider web-based billing software that can be used anytime, anywhere with a secure Internet connection. This is the perfect option if you have a staff member who needs to work from home, or if you want to check on the status of your practice when you’re not in the office.

Hassle-free

Web-based medical billing software is hassle-free. You won’t have to buy and install software, and you won’t have to deal with manual software upgrades each year. When web-based software companies make updates or add new features to their software, they take effect immediately. While most web-based software companies upgrade their software on an annual basis, others do so more frequently to provide their customers with the very latest industry changes. Kareo, for example, upgrades their software every eight weeks. This is a great benefit because your software will improve every two months without you having to do anything—or pay anything additional. With Kareo, there is no charge for updates. What’s more, web-based billing software systems offer automatic backups, which means your employees won’t have to spend their valuable time backing up your important patient data each day.

Say “goodbye” to common billing errors

Another key benefit of web-based medical billing software is the elimination of human error through automated methods. Web-based software catches mistakes in real-time so they can be corrected immediately. This greatly reduces the chances of claims being rejected and speeds up the payment cycle. Of course, this also saves your office the time and expense of re-submitting claims. The efficiency and accuracy of web-based billing software can help prevent these problems from occurring:

Incorrect codes

• Large percentage of denied claims

• Slow turnaround of claim payments

• Claims that are submitted with errors or inconsistencies

• “No response” claims

Underpaid claims

To put this into perspective, let’s say you are a solo practitioner who files 20 claims per day at an average of $200 per claim. That’s 5,000 claims totaling $1,000,000 per year. If your office currently collects 70% of what is billed, that’s $700,000 in reimbursements. Not bad, right? Well, now imagine your staff working smarter — and faster — with web-based medical billing software that simplifies the entire process and addresses the errors mentioned above. A mere 10% increase in collections (to 80%) would add $100,000 to your bottom line. And it only goes up from there.

Save money. Make money

As you can see, the true cost of medical billing software with a dedicated server is quite high compared to today’s advanced web-based medical billing software. Plus, web-based billing software can make you and your office staff more productive and increase the speed with which your providers pay you, and we all know that fast, accurate collections are vital to the success of any practice.

View a free video demo of Kareo web-based medical billing software now.

Read More | No Comments | Filed in Features

What's the True Cost of Medical Billing Software?

February 22nd, 2011 by Joann Doan

cost-cuttingToday’s uncertain economy is presenting healthcare practices across the US with a whole host of challenges. These include inactive patients, increased competition, the pressures from managed care and declining reimbursements, each of which can negatively affect your bottom line. Because of this, you need to find ways to cut costs and improve efficiency, and web-based medical billing software allows you to do both. Web-based medical billing software is cost-effective and offers many benefits over traditional billing methods that require an expensive computer server and software program.

What you can expect to pay

The most basic computer server for a small healthcare practice can cost well into the thousands, and so can medical billing software. Adding a server and medical billing software to your practice is a big commitment, and it involves much more than you might realize. Here is a sample cost breakdown for a dedicated server and billing software for two computer workstations, which is the typical setup for a small practice:

• Computer server — $3,500 to $5,000

• Ethernet switch/wires — $250

• Backup hard drive — $500 to $750

• Software training — $1,000 to $3,000

• Software license — $1,500 to $3,500 per user

• Software upgrade — $1,500 to $3,500 annually

• Information technology (IT) support — $200/hour

More costs that you will incur

Once your computer server and medical billing software are installed, be prepared to pay for a whole host of other things, such as medical clearinghouse service fees, printed forms and envelopes, postage, phone calls to insurance companies and patients, and insurance coding and billing manuals. How much, you ask? Let’s assume your staff includes two medical billing specialists who are making $8,000 per month combined. These additional expenses can add anywhere from 5% to 10% to your labor cost each month ($400 to $800).

With web-based billing, no expensive servers or software are needed–ever

With web-based medical billing software, you won’t need to buy expensive computer servers, which require ongoing backups and maintenance, or costly medical billing software programs that need annual upgrades. All you need is a computer with Internet access and your staff is ready to start billing. Web-based medical billing software is affordable for healthcare practices of all sizes, and in every specialty. Some software companies, like Kareo, offer a variety of plans with low monthly subscription fees and don’t require any up-front costs or contracts. Kareo’s plans start at just $69 a month, not including electronic claim fees, and there is no extra cost for setup and staff training.

 Easy to use

Your employees will enjoy working with web-based medical billing software because it makes their lives easier. They don’t need to worry about doing anything technical; they just do their jobs with greater efficiency and accuracy online. Web-based billing software programs look just like a webpage and were designed for easy navigation and data entry. Depending on the needs of your office and your staff, you might want to consider web-based billing software that can be used anytime, anywhere with a secure Internet connection. This is the perfect option if you have a staff member who needs to work from home, or if you want to check on the status of your practice when you’re not in the office.

Hassle-free

Web-based medical billing software is hassle-free. You won’t have to buy and install software, and you won’t have to deal with manual software upgrades each year. When web-based software companies make updates or add new features to their software, they take effect immediately. While most web-based software companies upgrade their software on an annual basis, others do so more frequently to provide their customers with the very latest industry changes. Kareo, for example, upgrades their software every eight weeks. This is a great benefit because your software will improve every two months without you having to do anything—or pay anything additional. With Kareo, there is no charge for updates. What’s more, web-based billing software systems offer automatic backups, which means your employees won’t have to spend their valuable time backing up your important patient data each day.

Say “goodbye” to common billing errors

Another key benefit of web-based medical billing software is the elimination of human error through automated methods. Web-based software catches mistakes in real-time so they can be corrected immediately. This greatly reduces the chances of claims being rejected and speeds up the payment cycle. Of course, this also saves your office the time and expense of re-submitting claims. The efficiency and accuracy of web-based billing software can help prevent these problems from occurring:

Incorrect codes

• Large percentage of denied claims

• Slow turnaround of claim payments

• Claims that are submitted with errors or inconsistencies

• “No response” claims

Underpaid claims

To put this into perspective, let’s say you are a solo practitioner who files 20 claims per day at an average of $200 per claim. That’s 5,000 claims totaling $1,000,000 per year. If your office currently collects 70% of what is billed, that’s $700,000 in reimbursements. Not bad, right? Well, now imagine your staff working smarter — and faster — with web-based medical billing software that simplifies the entire process and addresses the errors mentioned above. A mere 10% increase in collections (to 80%) would add $100,000 to your bottom line. And it only goes up from there.

Save money. Make money

As you can see, the true cost of medical billing software with a dedicated server is quite high compared to today’s advanced web-based medical billing software. Plus, web-based billing software can make you and your office staff more productive and increase the speed with which your providers pay you, and we all know that fast, accurate collections are vital to the success of any practice.

View a free video demo of Kareo web-based medical billing software now.

Read More | No Comments | Filed in Features

An EHR with Integrated Medical Billing Software Doesn’t Have to Be Expensive

February 18th, 2011 by Joann Doan

An EHR with medical billing software doesn't have to burn moneyWith EHRs / EMRs all over the news, along with the high dollar figures for the HITECH incentives, you are undoubtedly wondering if (or when) your practice should make the leap–and how much it will cost you. The answer, of course, is that you should adopt an EHR when it’s right for your practice—and when you do, be sure to get the EHR that your practice needs and not just what a software company has to sell.

When the time is right for you to adopt an EHR, remember that it doesn’t have to be an expensive, over-complicated application, even if you want an EHR with integrated medical billing. There are low-cost options available that may provide the functionality you want, without the expensive bells and whistles you don’t need.

Before you begin your search, take a moment to review the needs of your practice and draw up a list of those features you need. This will help you avoid being drawn in by sexy but unnecessary features that only cost you more. And be sure to hear from your colleagues about what EHR and medical billing software package is working for them; their experience can be invaluable for you.

Then, when you know what you truly need, take a look at the low- and no-cost options. Their functionality and ease of use may surprise you; some of these programs have been improving over the last year or two and now offer a depth of features that was unheard of in the past.

The leader in free EHRs, of course, is Practice Fusion. This highly popular web-based solution is designed to serve small practices in particular—the very practices that can’t afford and don’t need big, expensive systems. Kareo was sufficiently impressed by their offering to integrate our medical billing software with their application, providing the lowest-cost option on the market. Since Practice Fusion is free and Kareo has integrated plans starting as low as $149 per month, this EHR/medical billing software integration is much less expensive than the high ticket packages that were traditionally the only option available to practices.

Since we announced the integration, we have been pleased to hear from many Kareo customers that the integration with Practice Fusion is “seamless” and “one of the top platforms for the future.”

So when your practice is ready for an EHR—and not before—be sure to:

  1. Know what you need and what you don’t need
  2. Review the low- and no-cost options available for EHRs with integrated medical billing software
  3. Talk to your colleagues about what EHR and medical billing software solutions are working for them

The steps sounds simple, but it’s surprising how many people skip one or more and end up with a software package that is too complicated to work well for them, or just doesn’t work for their practice. Be sure to get what your practice needs.

Read More | No Comments | Filed in Features

An EHR with Integrated Medical Billing Software Doesn't Have to Be Expensive

February 18th, 2011 by Joann Doan

An EHR with medical billing software doesn't have to burn moneyWith EHRs / EMRs all over the news, along with the high dollar figures for the HITECH incentives, you are undoubtedly wondering if (or when) your practice should make the leap–and how much it will cost you. The answer, of course, is that you should adopt an EHR when it’s right for your practice—and when you do, be sure to get the EHR that your practice needs and not just what a software company has to sell.

When the time is right for you to adopt an EHR, remember that it doesn’t have to be an expensive, over-complicated application, even if you want an EHR with integrated medical billing. There are low-cost options available that may provide the functionality you want, without the expensive bells and whistles you don’t need.

Before you begin your search, take a moment to review the needs of your practice and draw up a list of those features you need. This will help you avoid being drawn in by sexy but unnecessary features that only cost you more. And be sure to hear from your colleagues about what EHR and medical billing software package is working for them; their experience can be invaluable for you.

Then, when you know what you truly need, take a look at the low- and no-cost options. Their functionality and ease of use may surprise you; some of these programs have been improving over the last year or two and now offer a depth of features that was unheard of in the past.

The leader in free EHRs, of course, is Practice Fusion. This highly popular web-based solution is designed to serve small practices in particular—the very practices that can’t afford and don’t need big, expensive systems. Kareo was sufficiently impressed by their offering to integrate our medical billing software with their application, providing the lowest-cost option on the market. Since Practice Fusion is free and Kareo has integrated plans starting as low as $149 per month, this EHR/medical billing software integration is much less expensive than the high ticket packages that were traditionally the only option available to practices.

Since we announced the integration, we have been pleased to hear from many Kareo customers that the integration with Practice Fusion is “seamless” and “one of the top platforms for the future.”

So when your practice is ready for an EHR—and not before—be sure to:

  1. Know what you need and what you don’t need
  2. Review the low- and no-cost options available for EHRs with integrated medical billing software
  3. Talk to your colleagues about what EHR and medical billing software solutions are working for them

The steps sounds simple, but it’s surprising how many people skip one or more and end up with a software package that is too complicated to work well for them, or just doesn’t work for their practice. Be sure to get what your practice needs.

Read More | No Comments | Filed in Features

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Welcome to Building Kareo, a weblog by the team at Kareo about our products, our partners & competitors, medical billing, healthcare information technology, and much more.

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