{"id":625,"date":"2013-04-10T11:48:04","date_gmt":"2013-04-10T11:48:04","guid":{"rendered":"http:\/\/www.medicalbillingstar.com\/blog\/?p=625"},"modified":"2017-02-14T08:06:05","modified_gmt":"2017-02-14T08:06:05","slug":"want-to-save-23000-switching-to-e-billing-will-improve-your-practices-financial-health","status":"publish","type":"post","link":"https:\/\/www.medicalbillingstar.com\/blog\/want-to-save-23000-switching-to-e-billing-will-improve-your-practices-financial-health\/","title":{"rendered":"Want To Save $ 23,000 ? Switching To E-Billing Will Improve Your Practice’s Financial Health"},"content":{"rendered":"

Still Stuck With Paper ?<\/b><\/span><\/h2>\n

What is your carbon footprint ? If you are still sending out paper claims, you are felling more trees. Agreed, this is an argument that is as old as fossils. Apart from saving trees there are a lot more advantages to using e bills ! It helps to track claims easily and lessens the amount of time your insurer takes to sign your check.<\/p>\n

\"ebilling-infographic\"<\/a><\/p>\n

Save More Dollars !<\/b><\/span><\/h2>\n

According to the American Medical Association submitting claims electronically can save a practice 55% of its claims submission costs.<\/strong> The AMA further states that physicians stand to gain above 23,000 dollars a year by switching to electronic claims.<\/strong><\/p>\n

Electronic billing also reduces the TAT of insurers. The overall efficiency and cost effectiveness of the process is just what overworked medical practitioners need. Paper claims are time consuming to generate, transmit, and maintain a record of. Electronic bills are quite simply put, the smarter way to bill !<\/p>\n

Joining The e-club !<\/b><\/span><\/h2>\n

According to a recent survey of America\u2019s health insurance plans the usage of billing electronically has doubled. From a measly 44% in 2002 to 94% in 2012 there\u2019s been an exponential increase in providers who are switching to e billing.<\/strong><\/p>\n

Almost 79% of claims are now automatically adjudicated without manual support. Physicians are finding e billing helpful as it helps their staff to focus on patient engagement.<\/p>\n

A Huge Relief For Billers\u2026<\/b><\/span><\/h2>\n

What is the biggest headache of a medical biller ? No. It is not getting claims paid. The bigger headache is finding out which claim is in what stage of processing. An average medical office sends out dozens of claims per day. Keeping tabs on each one of them can trip up the most determined of medical billers.<\/p>\n

ERA’s and EFT’s<\/a> help medical billers to hasten the pace of the billing process<\/a>. And make it easier for them to maintain a clear cut billing record.<\/p>\n

Ask Your Insurer To Move On From The Stone Ages !<\/b><\/span><\/h2>\n

It is time for insurance companies to stop working with paper claims. Physicians need to put their foot down and ask insurers to accept electronic claims<\/a>! Concerted and continuous effort across the continuum will ensure that the healthcare industry functions a lot more smoothly and efficiently. And yes, save a billion trees in the process !<\/p>\n