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Monday, January 21, 2008
HIPAA and Medical Billing Software
Every medical practice, whether from a small clinic or a major hospital has to comply with The Health Insurance Portability and Accountability Act of 1996 (HIPAA) its privacy, security and transactional regulations. Most medical billing software made available today is HIPAA compliant, as it is the only standard method for claiming one's insurance. What are the features that are seen in such software?
- We can send claim to all payers and receivers
- Increase in data accuracy
- No delay in claim due to paper work
- Reduced rejections
- Integrates with accounts receivable
- Increases collection
- Reduces waiting period for receivables
- Ideal for clinics and hospitals
- HL7 interface
- Free/paid Updation
- Technical support
Thus we see that HIPAA standards have redefined the way we handle the coding, security, insurance reimbursement and the patient's information and care. When choosing a billing software care must be taken to see that free revisions of the software is provided free by the vendor so that the program does not become obsolete especially because frequent changes take place every year with better technology. Transfer of all patient information has also to be done in a very strict and highly secure manner.
When was the HIPAA regulation implemented? Well even though it did take effect in February 2003, only by April 2005 did it actually become mandatory. HIPAA has very clear definitions against unauthorized retrieval and storage of patient's electronic data, and about provision for emergency access to data.
Outsource Strategies International (OSI) is a US based outsourcing services provider company that offers affordable services in medical transcription, medical coding and medical billing.Labels: HIPAA, medical billing software, Medical Coding, medical transcription
posted by Outsource Strategies International @ 8:51 PM
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