so from what this is saying it c increase collections by 30% so in all you make up to $150,000 more and cost 10,000 dollars less then regular billing and its a lot easier to use
thats just someone making 500K a lot of head people make more then 1million a year my cousin's husband makes around 400K a year and he isn't a head anybody just looks at skin all day
Automated Biller: Leading the Way through Innovation
The Automated Biller is comprised of two parts –1) the scanner and 2) the database medical billing software. The system is designed for providers to scan in their medical procedures via Scan Form and accompanying medical records at the point of medical service. The Automated Biller creates a paperless workflow; this process can assist all medical professionals to meet all compliance standards.
The Scan forms are custom designed to meet the needs of each individual provider’s specialties. At the point of service, the patients fills in all demographic (initially) information. The scan form is scanned into the scanner to populate all demographic information into the data base. After provider sees patients he/she will fill in the bubble as service provided in the super bill and scan. The Automated Biller system will then convert the bubbled information to code and bill insurance companies either
electronic or on paper. The key feature of the Automated Biller is that the provider is able to view the insurance claim on the screen before processing the claim through the software. This way the user can catch errors before the information enters the patient ledger database. The process takes approximately 2 minute per transaction. Thus, the revolutionary Automated Biller program can reduce the typical 7 to 10 days or longer turnaround times between services provided and submit claims to the insurance company. The Automated Biller software gives the opportunity for health care providers to perform more services daily because of the short time for billing and coding. It also eliminates the cost of a complete billing service or personnel.
By making the investment into the Automated Biller, healthcare entities can look forward to increased revenues and reduced operation costs, even for the first
year of operations. The biggest savings a medical practice will realize is a reduction in labor cost. The office that does not have the Automated Biller System still must make an investment into information technology to maintain HIPAA compliance. The amount of the investment is comparable to the retail price of the Automated Biller system. For medical practices that choose to contract with a medical billing firm, they will pay up to 10 percent of their yearly reimbursements collected. For example, a physician who earns $500,000 a year will pay more than $50,000 in billing fees, which are more than the cost of the entire Automated Biller system. In effect, the Automated Biller system not only decreases operation costs for medical billing, but increases collections by at least 30 percent.
