Welcome to the Billing Revolution: Welcome to the Billing Revolution Reduce Operating Costs
Save time – Bill at Point of Care
Eliminate the data entry personal and Medical Coder
Get paid faster Key Features: Key Features Automated Insurance Billing
Time generated insurance and patient collection letters
Flexible to meet the needs of practices both big and small
Snapshot practice management accounting reports at any time over the internet
Can easily handle all specialty billing simultaneously including physicians, labs, hospitals, and surgery centers Scaning vs. Manual: Scaning vs. Manual Scaning
Simple to fill out
Scan at point of care location
All codes are embedded into form
Never miss charges
Bill insurances instantaneously Manual
Billing and coding may create 7 to 10 day slack time
Possibility of missing charges
Claim turnaround time is significantly increased The Automated Billing Process: The Automated Billing Process Scan Super Bills are custom designed for your practice
All CPT, ICD9, and Modifier codes are imbedded into the form
The scanner converts the Super Bill into an electronic file, a HCFA1500 or UB92 claim forms or patient statements.
Send e-claims through data clearinghouse; review paper claims for errors.
Generate late notices to insurance companies and patient on 30, 45, 60, 90 days. Send collection letters after 90 days to patients and insurance companies.
Post electronic insurance payments automatically; produce secondary insurance claims automatically.
Writes appeal letter for denied claims.
Can print workers comp lien forms.
Accounting Functions: Accounting Functions Retrieve various practice based financial reports from secure website.
Tracks insurance payments.
Analyzes net income per insurance company and marginal costs of differing contracts.
Determines insurance carrier ratios.
Generates transaction journals and details patient ledgers .
Ascertain sources of cash flow
Access the information needed to assist practice growth Reduce Operating Costs: Reduce Operating Costs Eliminate the Medical Coder
AutoMed is automatically updated with payer regulation CPT code changes
Reduce medical billing slack time to zero with Point of Care billing
Always bill the correct procedure; never miss a charge
Significantly reduce rejected claims
Improve coding and billing discrepancies
Fully HIPAA compliant for electronic claims submission and privacy laws Reduce Operating Costs (CONT): Reduce Operating Costs (CONT) Drive down office expenses
Eliminate medical billing office space
Do away with billing paperwork filing space
Cut down labor expense
Eradicate billing down time
Bill at the Point of Care
Diminish claim turnaround time
Never miss a charge Average Costs Without AutoMed®: Average Costs Without AutoMed® Billing Staff – 3 employees X $40,000
Billing Equipment – Computers and other office machines
Billing Supplies – HCFA1500 forms, EDI warehouses
Total Billing Costs = $149,000 Average Costs with Automed® : Average Costs with Automed® Total Costs = $58,000 per year, cost savings of $91,000 per year