You know firsthand that running a medical practice is an expensive operation, involving office space, furniture, fixtures, computers, equipment, employee salaries, marketing and the ever increasing cost of medical malpractice insurance. Because of this, you need to look at ways to reduce your expenses without compromising the level of patient care or service you provide. One way to do this is by making the switch to web-based medical billing software, which costs far less than traditional medical billing software.
Many people equate innovative technology with high prices, but this isn’t the case with web-based medical billing software. Kareo, for example, is a leading web-based medical billing software company that has subscription plans starting at just $69 per month. By comparison, traditional medical billing software costs many thousands of dollars annually for a medical practice with only two computer workstations and one computer server.
Get more… for less
Technology has transformed the entire medical billing process and made it affordable to manage a whole host of billing tasks with just a computer and a secure Internet connection. Some web-based medical billing software companies, such as Kareo, even offer free integrated electronic medical records (EMR) and practice management software to their customers. Being able to manage each of these important functions with one web-based software provider is very convenient for your employees.
Affordability is one of the key advantages of web-based medical billing software. The monthly fee for most web-based medical billing software providers ranges from under $100 to several hundred dollars per month, depending on the number of providers you have and the amount of billing you do. And with web-based medical billing software, you won’t have to pay for expensive computer servers, software licensing, software upgrades and information technology (IT) support. Plus, with Kareo you have zero additional training costs and no set-up fees, and both live chat support and email support are now included in all plans.
Web-based medical billing software offers the ultimate in convenience for your employees. It can be used anytime, anywhere — even offsite — because the software provider’s servers securely store all of your important data and information in the “cloud computing” model. Try doing that with traditional medical billing software!
A more efficient medical billing system means happier employees and greater productivity, not to mention a healthier bottom line for your practice. Web-based medical billing software is simple to set up, learn and use, and it helps your employees finish more billing tasks in a shorter amount of time. Not only can web-based medical billing software make your employees’ lives easier, it can make their jobs seem more professionally rewarding.
More savings – Part II
Switching over to web-based medical billing software can give you big savings on medical clearinghouse services. Instead of paying a third-party medical clearinghouse several hundred dollars each month for each doctor in your practice, or per claim-fees of up to $1.00 claim, you can pay much less. For example, Kareo charges just .49 per electronic claim with the basic plan, and the three higher-level monthly plans include free electronic claim submission.
“With Kareo, we are spending less.”
Bob Pederson of RLP Billing has been using Kareo web-based medical billing software for well over 3 1/2 years and is saving money left and right. “What I found with Kareo is we spend less in subscription costs for 10 providers on our system than we used to spend each month just for updates, upgrades and maintenance,” said Mr. Pederson, who adds, “And with what we were paying programmers, we could probably pay the subscription fees for 20 clients.”
Mr. Pederson’s expenses were also reduced by not having to purchase expensive memory. “We were used to having to buy more memory with the old in-house system, and we’ve never run up to our quota of storage with Kareo — we’ve never even come close to it — and we do a lot of scanning into the system,” he said. Mr. Pederson sums up his experience with Kareo by saying, “Economically, and in every way I can think of, we’re just totally impressed and happy with the system.”
Make denied and underpaid claims a thing of the past
If your practice has been using traditional medical billing software, you’ve probably experienced denied claims, underpaid claims and lengthy wait times to get reimbursed from your providers. In addition, your billing employees aren’t spending their time wisely if they are constantly resubmitting claims and contacting insurance companies due to billing discrepancies. Web-based medical billing software helps your employees submit claims right the first time. On-screen alerts are given when “human” mistakes are made so they can be corrected right away. It’s like having a quality control department for all of your claims… right at your fingertips!
One question remains
You are in the driver’s seat here. Why keep spending a small fortune on an outdated medical billing software system that might be taking a financial toll on your practice? One of the benefits of owning (or managing) a medical practice is that you get to make business decisions that will reduce your operating costs and improve your bottom-line. Making the switch to web-based medical billing software is a smart business decision, and you can get started today.
Start by researching the various web-based medical billing software companies to see their price plans, features and methods of customer support they provide. The competitive marketplace and advances in web-based technology have driven down costs considerably, but remember that low prices do not always mean you are getting the best value. Look for a recognized leader in web-based medical billing software, like Kareo, that is used by countless medical practices across the US.
With its affordability and flexibility, web-based medical billing software definitely gives you more bang for your buck.
Learn more about web-based medical billing software now.