Practice Management
Practice Management (PM) systems instantly streamline medical billing management. Unified with an electronic medical records (EMR) solution, PM allows customers to reduce their accounts receivables and improve collections.
Typically, each user is given a role and facility-based security clearance based on their job function. Busy schedules are managed quickly and easily electronically. Create, modify or cancel appointments with one click of the mouse. Manage patient demographics effectively as well as identify chronic no-shows fast. Customers have the option to define recurring schedules and block hours for large, multi-location practices. A provider's schedule can be copied and applied to other providers. Scheduling features allow staff to manage exceptions and select a 5-day or 7-day calendar view.
Submit claims electronically, track the status of claims, and communicate on-line with payers to confirm patient eligibility and determine what services will be paid, and when. Some PM systems also support billing electronically with NPI numbers and CMS 1500 (HCFA), UB and ADA (Dental) forms. The insurance eligibility feature allows the practice to verify that a patient is eligible for insurance coverage on a specific date.
Electronically receive and post payments, automatically reconcile each patient encounter, confirm insurances, and check codes (CPT, ICD, etc.) to ensure error-free claims submission. It's like having another billing assistant!
Generate patient statements and collection letters according to practice defined parameters. Easily generate daily, monthly and yearly financial reports. Also, several reports are included in a reports menu, allowing customers to easily monitor the financial aspects of the practice.
A good PM system also features the ability to look up and manage patient accounts. Customers can define mandatory patient fields, look up a patient with multiple providers, and check eligibility for services quickly and accurately. When the patient visits are complete, summaries are quickly printed.
While it is possible to implement an EMR system first and then add the PM system later, COEMR has found that it is much easier for everyone to learn and begin using your new systems faster and more efficiently if both are implemented at the same time. Currently, we support eClinicalWorks PM systems, as well as Med3000 and Allscripts/Misys products.