Top 6 Benefits of Electronic Superbills For Your Practice
The important aspect for running a successful practice is to monitor the workflow process and look for ways to cut down costs. If your staff members are spending more time on updating and sharing the health information of your patients, then there won’t be additional improvements in your practice workflow.
Entering medical codes manually into the paper superbill is one of the daunting tasks, often resulting in human error too. Using the best EHR software will help to easily overcome these challenges. The working process will be simple here; the staff enters the codes into the billing system through the EHR software.
But what to do if a practice doesn’t implement any EHR? Is there any other best solution? Yes, the answer is simple – the use of electronic superbills. Let’s take a look at some of the key electronic superbill benefits that might persuade you to take the jump.
Electronic superbills save healthcare providers valuable time
The physicians can easily able to invoke the superbill electronically when using a tablet or PC. The superbills will automatically have the patient’s information populated into it. The easy job of doctors is just to tap each diagnosis and procedure code for the visit – that data should be automatically transmitted to the billing system.
So, when compared to paper superbills, healthcare providers are showing more interest in electronic superbills today. They can also sign off on the e-superbill with the help of built-in handwriting recognition.
Electronic superbills helps in the quick selection of ICD-10 codes
The ICD-10 coding system has created a huge impact in the U.S healthcare market on how documentation is handled by both medical and coding professionals. So today it is very important for the coders and billers to be updated with the ICD-10 coding system to provide high-level performance.
The electronic superbills will have an ICD-10 code converter built-in for a quick selection of ICD-10 codes based on previous codes.
Electronic superbill improves RCM process
The billing system should be able to retain the codes on the patient’s record used during today’s visit for future reference, reports, and drug or product recalls as well as timely reminders based on the patient’s condition.
An electronic Superbill is especially helpful for revenue cycle management companies. This kind of software solution is a great way for their clients to enter codes for processing by the RCM company. What’s more, the problem of missing paper superbills is eliminated when using an e-superbill.
Keep in mind that the e-superbill should have cross-checks built into it for alerts on codes that don’t match. Otherwise, ridiculous problems can arise, such as a code that seems to indicate you are trying to indicate a case of male pregnancy.
Once you have recognized the efficiencies of computerizing more of your medical organization’s core tasks, the idea of using electronic Superbills should be a welcome addition among your staffers. They will save time and effort while improving your cash flow since missing paper Superbills will no longer be a problem.
Electronic superbills helps to attract your clients
Clients are likely to feel more satisfied with your services if their insurance company helps pay for them. If they can get reimbursed for therapy sessions, they are more likely to continue treatment and feel more at ease about appointments. You may also help clients who couldn't find a niche therapist in their network.
Superbills allow you to attract clients who have insurance, even if you do not accept insurance. By bringing on more clients, you can expand your practice. If they are happy with your services, they might tell friends or family to visit you as well.
Electronic superbills reduces paperwork
Reduce paperwork: You probably would rather spend time helping clients heal than filling out insurance claims. If you've avoided joining insurance panels to avoid extra paperwork, know that you don't have to worry about a lengthy process with superbills. Your client will do most of the work.
Electronic superbills helps to get paid faster
When you offer superbills, you ask for payment after each session, and it's up to your client to contact their insurance company and submit the required forms. You will not be the one on the phone or computer figuring out what to do next. You also won't have to wait until insurance claims get accepted to get paid.
How do you prepare for a superbill request?
You can have a superbill ready for your clients after each session by creating a template. The secret is to create a superbill template that includes the most frequently used codes in your practice and ensure the form has space for the essential elements, which we'll cover more below. You may also be able to use your EHR system to create a superbill in minutes.
It's a good idea to discuss superbills with your clients before you begin to have regular sessions. Encourage your clients to review their health insurance benefits, so they know how much reimbursement to expect. Some policies do not cover out-of-network services, while others may pay for a portion of a therapy session.
Your clients may also need to consider out-of-network deductibles, copays, and coinsurance. If your client has questions about their insurance benefits, encourage them to reach out to their insurer to verify their coverage and learn about out-of-network benefits.
If your organization might not use EHR software currently, but you wish to use electronic superbills, Vozo is here to help you. Vozo helps you to create superbills directly in your EHR for effective results.
If you are ready to get started with the RCM solutions to improve your cash flow, consider using electronic superbills.
Sign up for the free trial and give it a try today!