Picking the Right  Electronic Billing/Documentation System for Your Practice

Are you a private practitioner looking to select a billing system or an integrated electronic billing and clinical documentation system? The prospect can seem daunting, especially if you’re trying to grow your business. Like many professionals, speech-language pathologists and audiologists get lots of formal education about the clinical aspects of practice, but little on business management topics like revenue-cycle management and the technology used to support it. Whether you’re seeking a billing/documentation system for a new practice or you’re a seasoned private practitioner searching for a more effective system, it’s worth doing your research.  Choosing the right system(s) can help your practice achieve: More consistent and effective management of the revenue cycle, resulting in consistent accounts-receivable balance information and net revenue collection experiences. Improved cash flow and revenue from improved claims completion and proactive management of payers. Higher patient and employee satisfaction through improved customer-focused processes that simplify billing and clinical documentation. Improved regulatory compliance through greater consistency and stronger control throughout the revenue cycle and clinical documentation processes. Readiness for the increasing demands of population health management such as documentation of quality, outcomes and costs. To ensure that you select the right system for your practice, I recommend taking a serie...
Source: American Speech-Language-Hearing Association (ASHA) Press Releases - Category: Speech Therapy Authors: Tags: Audiology Speech-Language Pathology Practice Management private practice Source Type: blogs