The New Era of Cloud Technology in Healthcare Industry

Cloud computing is at the center of transforming the way healthcare industry used to function. Undoubtedly, the healthcare industry has awakened to the technology facilitated collaboration and coordination between physicians and patients. The information-centric care-delivering model on a cloud platform supports cooperation, backs collaborative workflows and enhances information sharing. The modern cloud-computing infrastructure makes it possible for hospitals, medical practices, small clinics and medical research facilities easily tap into the new generation computing resources at the lower initial capital. The new era of cloud technology in the healthcare industry has marked a new beginning of healthcare IT that is capable of leapfrogging other sectors.

Looking for Medical Billing Software, Facts You Need to Understand First

It does not matter whether you are looking for a standalone medical billing software or a comprehensive EHR integrated with medical practice management and medical billing program, these both types constitute an integral part of the medical reporting process. Please remember having medical reporting function in an EHR is very much necessary, as it ensures smooth processing of claims by insurance companies.

Technology has evolved significantly. It is easy to speak about cloud computing and nanotechnology, but it is more complex to develop these technologies. Recent upgrades in ICD-9 to ICD-10 codes along with HIPPA compliance issues have increased the complexity and criticality of medical billing and coding. Additionally, the number of diagnosis and treatment codes has also increased substantially.

The road leading from old coding system to a software designed with new codes is full of obstacles and very complex to understand. Thus, it has become hard even for the smaller clinics to manage its billing, insurance reporting, and payment information efficiently. The only way out of all the stress and complex procedures is by investing in, and using good medical billing software. Nevertheless, choosing the right kind of cloud-based medical billing software is always beneficial for effectively managing a medical practice or the healthcare facility.

Functions you need to Prioritize in a Medical Billing Software

– Of course, you will be looking out for the cloud-based medical billing software, as it is the latest and beneficial technology. However, before proceeding, make sure that the vendor agrees to accommodate regular updates and upgrades to the software without causing any downtime or hindrance in the performance of the software.

– A well laid patient ledger showing a complete list of Accounts Receivables

– Since most of the medical billing software is integrated with the practice management, it should offer Real-time Medical Appointment Scheduling.

– As we are focusing more on medical billing, it is imperative that the said system must be aligned to provide electronic medical billing (Soft copy) as well as the paper receipt (Hard Copy).

– Interconnectivity and integration with the e-prescriptions and drug files, allowing enough flexibility for inducing important notes related to patient or their illness and treatment.

– Report generation is one of the important and necessary tasks in medical practice management. Therefore, the system has to offer flexible reporting capabilities that too in a standard pre-formatted as well under ad-hoc capabilities.

– The software design should automatically conclude the insurance eligibility verification.

– Prefer medical billing software that has claims scrubbing module and allows cross-coding as well as a lookup from CPT codes along with ICD-9 and ICD-10 codes.

– Most importantly, genuine medical billing software has to be HL7 and HIPPA compliant encryption technology.

– As per the HMO/PPO, plans the software must maintain separate fee schedules, allowing multiple locations/ multiple physicians support for all the patients in one single database.

– Processing statement cycle billing and automatic re-billing insurance claims after fixed-day-intervals like 30/60/90 by posting electronic remittance, need to be there as these are important aspects of billing and insurance claims in a software.

Of all these important aspects, two major aspects that you should never forget and never compromise include human customer support as well as implementation and training support. Prefer investing in the medical billing software that offers great customer support and provides most of the features mentioned above.

Conclusion

The software market is crowded with Medical billing software’s that really are excellent and extra-ordinary. In fact, there are some vendors offering a comprehensive Electronic Medical Record System having all medical related resources and software’s from a single source. On the contrary, vendors offering software integrated with third-party sources have ensured to align features of the software and their services to beat the competition. The choice sometimes can be based on your own judgment; the only thing is you have to choose only the ‘best of breed’.

A word of suggestion is to look for the comprehensive cloud-based medical management software offering medical billing system as well practice management functionality in one system.

Summit Tech targeting small, medium and large size hospitals has developed a web based comprehensive Clinic and Medical Management Software. This software is developed with the top-notch technology to cover all clinical, financial and operational requirements in a clinic. Having all necessary features, most awaited modules and by offering 24/7 support this software after winning Singaporean hearts is out to connect with clinics outside Singapore.

http://www.summittech.com.sg/ Summit Tech targeting small, medium and large size hospitals has developed a web based comprehensive http://www.summittech.com.sg/products/doctor-and-clinic-management-system-software-singapore/ Clinic and Medical Management Software. This software is developed with the top-notch technology to cover all clinical, financial and operational requirements in a clinic. Having all necessary features, most awaited modules and by offering 24/7 support this software after winning Singaporean hearts is out to connect with clinics outside Singapore.

Author Bio: Summit Tech targeting small, medium and large size hospitals has developed a web based comprehensive Clinic and Medical Management Software. This software is developed with the top-notch technology to cover all clinical, financial and operational requirements in a clinic. Having all necessary features, most awaited modules and by offering 24/7 support this software after winning Singaporean hearts is out to connect with clinics outside Singapore.

Category: Computers and Technology
Keywords: medical practice management software, cloud based medical software, online medical software