Electronic Medical Billing Systems
The electronic medical billing system is practically a comprehensive system which features all the particulars that are required for efficient insurance claims. In the past, medical billing system was done completely manual, on paper. As technology advanced through time, there have been introduced on the market electronic medical billing systems at a considerably increased efficiency. The function of electronic medical billing systems is being performed, nowadays, through software systems. Medical billing is considered to be quite a complicated task, in which any error may lead to the rejection of the insurance application. Electronic medical billing systems are meant to avoid errors in order to help the user create an efficient claim application without any loop holes. The claimants’ filing process is being simplified by modern electronic billing systems, as they ensure the accuracy of medical claims and patient billing.
A systematic pattern is being followed by electronic medical billing systems in order to process the insurance claims of the patient, basing on the billing information which is being received through fax or courier. The claim amounts are being calculated on paper, in manual systems. The HFCA standardized form used to represent the earlier manual billing record. Nowadays, the claims are being processed by a billing software system, in the world of electronic systems, and then, the claims are being sent to insurance carriers for processing and payment, after final cross checking. Remote data exchanges are being used by advanced methods, between electronic medical billing software and the computer of the medical provider for automated filing of the processed claim. There are pre-installed in these systems insurance codes such as ICD-9, HCPCS, CPT and anesthesia codes. Working in compliance with health insurance portability and accountability act, also known as HIPAA, modern electronic medical billing systems are at high demand in the medical field.