Redondo Beach, California ? 2K Medical Billing Software has once again upped the ante in the medical billing software industry. Their launch of Lytec 2008 is hailed as an innovative offering from a comprehensive solutions provider. This system offers all of the benefits that medical offices require, with modern features and full functionality. Lytec 2008 is Windows based and Vista compatible, operates through Microsoft SQL server and Crystal reports and can compete with any billing system currently on the market. In addition, Lytec 2008 offers complete customization and scalability to fit any application. Lytec 2008 offers enhanced patient entry forms, for better customization for individual offices, filters for last date visited, last printed date on pending claims, bill created date for waiting claims and cell phone/email fields for patient information.
In addition, Lytec 2008 combines seamlessly with 2KMobile Link, offering full out of office access, with non-synced information, real time access to all records including scheduling, billing and patient information. Lytec 2008 operates on a wide range of Windows platforms, including Vista Business, XP (SP2) and several others.
For additional information about Lytec 2008, contact 2K Medical Billing at http://www.2kmedicalbilling.net, or call 866-765-4406
Lytec Medical Billing Software
Doctors work in a competitive and changing environment. Consumers are more demanding, regulations are more stringent, costs are rising and government reimbursement is constrained. On the other hand, increased use of IT tools has revolutionized the profession by enabling efficiency in the practice workflow. There remains the problem, however, of gaps between the medical practice, its back-end systems and the physicians.
The primary concerns for a medical practice are:
? Documentation
? Revenue
? Increasing Overheads
A medical billing service is a doctor's key to getting paid. Although the medical profession is adopting various systems to streamline workflow, most doctors are still finding it difficult to get paid fairly and quickly.
It is essential that the practice be well organized and control its practice management processes efficiently to ensure profitability. It is important for the practice to recognize and address the various bottlenecks present in its workflow and information management. The need is to streamline workflow and documentation, improving communication and reducing wasted time and resources associated with patient visits.
Integrating Medical Billing with EMR
To date, there is a tendency to have multiple systems carry out the different operations of a practice ? EMR for clinical documentation, practice management for billing and financial administration, document management for patient reports, appointment scheduler for appointments and so on.
With the increasing acceptance of Electronic Medical Record software by physicians, it is essential that they adopt a system that automates the entire billing process ? starting from point-of-care through reimbursement by the payer.
Advantages
? Easy to Use and Easy to Manage - Once a patient record is entered in the EMR, the information is automatically shared with the billing system. Redundant entries are automatically eliminated because access to all patients? demographic and insurance information is quickly distributed from one central point to other modules. Procedure codes, diagnosis codes and other information added just once during treatment are made available for billing. Super bills with procedure and diagnostic codes are transferred to the billing system and can be used to generate and send claims.
? Improve Cash Flow and Collections - Physicians can quickly and easily select the proper procedures and diagnoses and create electronic super bills right at the point-of-care. While capturing the charge, the software checks the accuracy of the CPT and ICD codes to ensure wrong charges are not sent to the insurance company. OmniMD comes with an E&M wizard for capturing appropriate level of coding. This creates complete ?super bills? with the right coding. As a result of direct integration, with all the required fields filled out correctly, the practice is able to get claims out in just a few minutes, instead of the usual day or two.
? Practice and Patient Reporting - Integration of the billing system with OmniMD Electronic Medical Records helps in generating customized reports. Easy access to all supporting documents/reports required for claim processing helps in managing the entire process in a far more effective way - compared to a stand-alone billing system. Also in case of audits, complete patient charts and documentation is available for verification.
? Online Insurance Eligibility Check - OmniMD offers the facility of instant online check for insurance eligibility to verify a patient's medical benefits. This information provides assurance that the insurance record on file is current before services are delivered. The feature streamlines the patient registration process - claims are sent to the right insurance carrier, thereby decreasing the number of rejected claims, fewer days in AR (accounts receivable) and ultimately resulting in increased revenue.
All these advantages lead to an increase in revenue generation in much less time compared to any other conventional method used for medical billing. Integrating billing with EMR reduces the large amount of associated paperwork, the problem of collecting from non-paying patients and the overall collection costs. Streamlining practice workflow in this way will enhance productivity, efficiency and quality of care.
The author, Divan Da've is the founder and CEO of OmniMD , a developer of HIPAA compliant enterprise clinical solutions. OmniMD's suite of products and services include Electronic Medical Records software, EMR, Billing System, Document Management, Automated Appointment Scheduler, Prescription Writer, Charge Capture, Medical Transcription, Insurance eligibility verification, and patient portal.
Both Tammy Harrison & Nelson Jain are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Tammy Harrison has sinced written about articles on various topics from Education Toys. About 2K Medical Billing Software ? 2K Medical Billing Software has been one of the most popular solutions for medical billing needs in any office setting. With their innovative, comprehensive software solutions, billing problems are no longer a concern.. Tammy Harrison's top article generates over 1000 views. to your Favourites.
Nelson Jain has sinced written about articles on various topics from Personal Desktop, Education Toys. About OmniMD - www.omnimd.com is a developer of HIPAA compliant healthcare practice software and solutions, designed to automate the workflow of contemporary medical practices. The services offered are Medical Transcription, Document Scanning and Indexing. Nelson Jain's top article generates over 5400 views. to your Favourites.
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