6 Reasons you should use e-Statements to streamline your Medical Billing process
Paper claims are costly – think about paper, delivery charges and administrative/operational expenses that comes with filling and completing the whole claim process. Let’s say if a practice spends $1 per paper statement and sends an average of 1 statement per patient, think about the expense it would be on a bigger scale.
1. Easy and Fast Access to the Patient Statements
It takes time and effort to make, print and deliver the Patient Statements. Even if a Medical Practice is taking care and proactively sending the statements, the delivery can take time causing delays in Patients receiving their statements. Think about the effects this will have on your Claim life cycle, it will not just fast track it but will allow patients to view and understand their dues the moment they avail the service allowing them prompt payment opportunity.
2. Secure and Dependable
The successful delivery of the paper statements depends on the delivery system which relies on the employee writing the address, the delivery man reading and making the delivery. More so the information in the Patient Statements is usually quite extensive and can become subject to information theft if someone stumbles upon it. E-statements provides security and can be depended on as only the patient knows their respective account’s passwords.
3. Email alerts and Reminders
An added feature that Medical Billing companies offer is sending alerts in email as soon as a patient e-statement is added on their accounts. More so they are also given subsequent reminders to ensure timely payment of their dues.
4. Mitigating the chances of error in data entry
Once an information for a respective patient is added, verified and saved, it does not have to be re-added. The system picks it up itself, reducing the chances of error that occur in data entry. More so most of the patients opt for online bank transactions enabling them access to their payments/e-statements anywhere and everywhere whenever they need them.
5. Making you a responsible citizen
Staying organized and reducing your clitter is what e-Statements provides you but with it e-statements, helps reduce your carbon foot print, reducing waste. It can be a big step towards making the earth green.
6. Costs absolutely nothing
The most favorite factor – Its FREE!
Interested to shift towards a Medical Billing Software that can provide you with the option to integrate e-Statements for your clients. Try AltuMED, the trial is absolutely FREE with 100% transition support
Have a look at the Demo of AltuMED’s brilliant features. (demo)
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