Orthopedics Billing & Coding Software
An efficient revenue cycle is one of the most important aspects of an independent or small orthopedics group practice.
Speed up reimbursements with better medical billing & coding software
With AdvancedMD you get all the tools you need to stay on top of the financial health of your practice without spending all your time entrenched in spreadsheets and claims management. Slow reimbursement cycles are one of the biggest challenges for cash flow within a small orthopedic practice. Our billing and coding software for orthopedics practices is specifically designed to reduce delays and increase total reimbursements.
Submit accurate claims every time
Submitting fast, accurate claims to payers is one of the best ways to capture maximum reimbursements and get paid quickly for the work you do. The longer it takes to get claims out your door, the lower your chance of collecting the full amount you are owed. We make it easy with an industry-leading claims scrubbing service that automatically checks every claim before it goes out and flags any potential errors or issues. It checks for more than 3.5 million edits, including HIPAA requirements, CCI, LCD, and carrier-specific information.
Catching these things on the frontend allows staff to quickly update the information or fix an error, rather than waiting for the claim to be denied and going through the hassle of reworking and resubmitting it before the deadline expires.
Send & track claims electronically
Electronically file claims with our eClaims portal and track the status of your claim from the moment the doctor signs the patient encounter notes to the final payment from a payer or patient. Get simple reports documenting delays or other issues and tools to resolve most of the things that could delay a payment before it even goes out the door. If something does slow down a payment, you will immediately be able to drill down and diagnose what’s going on.
Automatically match reimbursements with outstanding invoices
With our eRemittance tools your team can say goodbye to the days when they had to find paper EOBs, search online PDFs or export and upload information to figure out which payments go with which outstanding invoices. Our system automatically matches payments and receives them into your system so you can post them with a single click. When a claim is denied, the system automatically creates prioritized task lists to help your team follow up and manage the most urgent items first. You will also get notifications for any unmatched or unusual items so your team can investigate and resolve it without manually combing through every claim.
Always have the most accurate codes
There are tens of thousands of ICD-10, CPT, and HCPCS codes and they are changing all the time. For a small billing and coding staff it can seem like a full-time job just to stay on top of all the updates. Getting paid quickly and avoiding delays, rejections, or claims denials requires that your team always submit claims with the most accurate and up-to-date billing codes.
AdvancedMD makes it easy for your team to always have access to the most accurate information with our billing and coding software. We stay apprised whenever codes are updated, removed, or changed and automatically push those updates to your system—even in a public health emergency or other rapidly evolving situation.
Track multiple payer requirements from a central location
Keep track of all the nuances in billing for various types of claims, including disability, workers’ compensation, personal injury claims, and more. Set up specific EHR templates to ensure that your providers are capturing all the required pieces of information and the most accurate picture based on what the third-party payer is going to require. Create billing and coding workflows that help your staff stay on track and get clean claims submitted in a timely manner to these various payer entities.
We offer the most intuitive and simple solution to manage even the most complex web of payer requirements within an orthopedic practice. Trust your revenue cycle to our expert software to improve payment processes and reduce delays in getting your reimbursements for services rendered.
Reporting features to stay on top of your practice’s finances
AdvancedMD offers the most comprehensive suite of reporting solutions to help orthopedic physicians, administrators, and executives actively manage the financial health of your practice. You can choose from hundreds of pre-designed reports or create your own using our intuitive report builder tools.
Transform the way you manage your practice with the ability to get a birds-eye view of your clinic’s finances from a single dashboard, then drill down to the specifics on financial KPIs, including:
- Average total days in A/R
- Percent of A/R balances that are 30, 60, 90, and 120+ days overdue
- Net collection revenue
- Percent of denied or rejected claims/first-pass resolution rate
- Most common reasons for claims denials or rejections
- Total cost to collect $1 of patient revenue
Set up email reports to be sent automatically to key decision makers and stakeholders. You can also use the security tools to restrict access to financial reports to only specific people within the organization to protect the integrity of your sensitive data.
Schedule your live demo of orthopedics billing & coding software today
Set up a live demo today to find out more about all the features that AdvancedMD medical coding and billing software for orthopedics practices can offer. Our team is here to help you find the solution that best matches your needs.