Top 7 Benefits Of Pain Management Billing Software

As a pain management doctor, you can lose track of all the paperwork involved in billing your patients and insurance companies if you don’t have the right pain management billing software. Even if you hire an office manager to deal with your patient scheduling and billing, having specialized pain management software will help you keep everything on track and prevent delays in payment from your patients or your insurance company. Here are seven benefits of using pain management software.

1) Reduce Employee Error

Overbilling is a huge issue in healthcare, with as much as $30 billion annually being lost due to medical billing mistakes. This isn’t just an industry problem. A study from Drexel University found that many physicians underbill for several reasons: time constraints, illegible handwriting and even forgetfulness. That’s why it’s so important to choose billing software that improves accuracy and is built to integrate seamlessly with your system.

2) Cost Savings For Your Practice

It’s common to get paid less for treating a patient with pain management needs. This is primarily because there’s no easy billing procedure for tracking and documenting treatment. With pain management billing, you can effectively manage these patients without having to hire additional personnel or invest in costly equipment. This can save you hundreds (if not thousands) each year while allowing you to treat more patients with less stress on your practice.

3) Accuracy Is Guaranteed

The pain management billing software from Pain Management EHR is designed with pain management in mind, ensuring your patients are billed properly and accurately. This will benefit both you and your patients, allowing for better reimbursement rates. Also, pain management is complicated; it requires adherence to specific medical billing regulations and billing codes that can be difficult to manage without a solution specifically for healthcare professionals. With this software, you’ll eliminate manual data entry errors from your office as well as avoid missing any compliance obligations like ICD-10 or CPT code updates. Additionally, it’s easier to find patient records when you need them with a cloud-based solution than a large stack of file folders in a cabinet at home or office.

4) Ensure That Patient Finances Are Secured

As more and more people turn to online banking options, your customers can now pay you using their checking accounts. While these new online payment methods will cut down on your costs (no checks, no stamps), they’ll also increase your revenue—and that’s exactly what you want in pain management EMR systems offered by Pain Management EHR. Increase patient satisfaction: The last thing anyone wants is for patients to dread their visit to your practice. One way to ensure patients leave your office with a smile on their face? Upsell them when they book an appointment or arrive at check-in. With pain management software, you can include upsell offers like free x-rays or better yet, ask them if they want to purchase extra packs of aspirin and place them in a convenient spot near check-in.

5) Streamline And Automate Financial Transactions

If you’re operating your business with a brick-and-mortar location, you may have clients who are unable to make it into your office or wait until payday. If that sounds like a significant portion of your clientele, setting up an online payment option on your website can help. While there are many third-party online payment options, some doctors find it’s easier to set up their own billing system; either way, having an easy and convenient payment process is important for small businesses who want to expand their client base.

6) Increase Revenue Through Online Payment Options

Businesses are increasingly looking to offer online payment options as a means of convenience for their customers. Not only will online payment options make your clients more likely to pay their bill on time, but it will also bring in additional revenue. Online payment options may include debit cards, bank accounts, or credit cards. The advantage of investing in patient appointment system by Pain Management EHR is that you can charge interest on late payments and enroll your clients in automatic renewal schemes, which ensures a constant source of revenue from subscriptions.

7) Improve Cash Flow At The Point Of Service

When it comes to point-of-service, there’s a lot to consider when choosing and implementing a pain management billing solution. Outpatient surgical centers, for example, benefit from PMB software by increasing cash flow at the point of service by processing payments in real time. That way there are no long waits for patients or staff before disbursement checks can be sent out. Automated online payments reduce pain management billing headaches and provide peace of mind that payments will arrive on time — allowing clinics to focus more on helping their patients live healthier lives.

If you are looking for the best pain management billing software, visit us at Pain Management EHR today!