As 2018 slowly comes to an end, medical experts, business owners, and all other stakeholders in the healthcare industry are taking the remaining time to review and reflect on what went well and what did not in 2018, specifically in the medical billing software industry. Healthcare providers stood on the promise of medical platforms to help streamline workflows and make lives easier.

Let’s take a look back on the difference made by billing software on the healthcare industry in 2018, as well as what we can expect in 2019.

Practice Management Software

Practice management softwares’ best features include patient insurance eligibility verification, collective rules engines, custom benchmarking, central dashboard and claims management. These provide excellent support on any billing endeavors taken, easily captured charges, as well as code claims, and cleverly caught errors before submission. Scheduling capability, patient check-in and general dashboard automatedly work together by prompting you with appointment reminders and patient portals.

Medicare Billing Codes

Medical billing platforms also recently included Medicare billing codes for dementia care planning and wellness processes. This innovative feature enables clinicians and home care service providers to offer cognitive screening and efficient patient monitoring processes, which also empowers them to come up with sage nursing home marketing strategies.

Risk Management Software Solutions

Risk management softwares helped healthcare organizations effectively and efficiently manage risk initiatives like the implementation of ERM best practices by being able to identify, analyze, evaluate and address risks and opportunities, creation of integrated data storage, real-time visibility, case management and audit. Risk management software solutions spare healthcare providers from excessive regulatory and compliance pressures, cost and billing challenges, increased unexpected medical malpractice issues and shortage in skilled medical professionals.

Systems Integration Solutions

Billing Software Solution providers paired up with Electronic Health Record solution providers to integrate their array of services like credentialing and contracting, complete patient lifecycle billing, workflow trainings, medical billing and encoding and chart auditing, with EHR services. More so, a new site will be launched soon to exhibit additional services like staffing, management, billing, IT, marketing and accounting.

Privacy And Security Solutions in 2019

2019 looms with more technology innovation and systems integration. As the healthcare industry continues to deal with breaches of personal data and information, a draft of a new set of privacy and security guidelines will be released by the Health Information Management and Systems Society (HIMSS) to secure and protect health information and personal identifiable data of mobile health app users.

New medical billing softwares that primarily focus on payment systems are set to conquer the medical industry next year. Stakeholders are probably excited to see the anticipated positive results of the upcoming, one-of-a-kind payment technologies which can be integrated with existing platforms, features like claim adjudication, electronic payments between clients and providers, and payment solutions for corporations, government and institutional organizations.

Anticipate more best-in-class medical billing software next year and be ready to be able to optimize all your medical workflows into a single medical billing system.