Mar 23, 2011| Heidi Jannenga PT
Traditionally, PT billing and documentation have been separate processes with their own set of frustrations. The new WebPT integration with Certified Billing Partners (Kareo, BMS) will create a better streamlined workflow between your EMR and billing systems allowing you to run your clinic more efficiently and focus on patient care.
Simplifying clinical and financial processes for PTs has always been our goal at WebPT. Integrated billing is an important piece to that puzzle. The all-in-in one EMR can improve front office staff effiiciency, decrease coding errors, and improve reimbursement. Here are the top five benefits of having an integrated PT EMR and billing system:
1) Front office efficiency
Using a medical billing software or service that is integrated with your EMR means that demographic and billing data will be seamlessly transmitted from your documentation system to your billing company. This eliminates the tedious process of entering patient data into two systems. Once data is entered into WebPT, it transfers directly into the integrated billing system. Even if you are completing your billing in house, there is no need for keying in the charges generated by staff documentation as long as it is entered into WebPT or your EMR. If using an outside billing service, an integrated system eliminates the need to constantly fax every billing sheet saving a significant amount of time, paper and money. Ultimately, this will give therapists the ability to focus on patient care and improve clinic efficiency.
Mar 15, 2011| Heidi Jannenga PT
As we planned our integration with billing companies, WebPT wanted to give our members multiple options. The two certified billing companies that we launched integration with this month represent an in-house software solution (Kareo) or a third-party service solution (BMS). Each of these approaches has its own set of benefits and ultimately will need to be assessed on a clinic to clinic basis. Here are the pros and cons of each approach.
In-house billing - (WebPT integrated option - Kareo)
Choosing an in-house billing solution means that you will use the billing software in your clinic. With an integrated system, information entered into your documentation system, such as demographics, insurance information and CPT coding flows directly into the billing software. Without an integration, this method usually requires some duplicate entry of patient demographic and financial information for each patient visit, as well as the manual charge entry of each treatment visit.
Keep in mind that an integrated, in-house system still requires that a key team member verify the information that is being transmitted. The billing clerk will have a log-in for the EMR and a separate log-in for the billing software. In the billing software, claims must be approved by the clinic's billing clerk and then sent (either electronically or through traditional means) to the payer. A benefit of using an In-house billing software is reduced fees. Most web-based billing software systems charge a flat monthly fee for the software, not a portion of the claims paid. There may also be some extra fees added on for clearinghouse fees. In-house billing software also allows for clinic control over all claims and patient information. This can mean peace of mind for clinic owners who want to personally oversee the financial trajectory of their clinics. To ensure maximized reimbursement and a quick turnaround on payment, hiiring a qualified billing clerk along with use of quality billing software are keys to completing your billing in-house successfully.
Third-party billing - (WebPT integrated option - BMS)
Outsourcing your billing to a third-party billing company means that your clinic has delegated the billing process to a specialty service provider, relieving your staff from the majority of billing administration. Since WebPT now feeds patient documentation information directly to BMS, a leading PT billing service provider, the charges and patient information will be sent automatically to BMS upon finalization. BMS will handle the entire cycle of the claim from that point on. The fee structure for third-party billing option is usually based on the total collections that are recorded per month. Rates can vary from 6 -12%, so research and comfort with the billing company is key in your choosing process. Lack of control is also a common barrier that should be assessed. While BMS combats this issue with access to a dashboard full of reports monitoring billing process real time, submission of claims is still an outsourced procedure. Other third-party options may not have such a detailed reporting mechanism to go along with their service. Verification of insurance eligibility and transmission of patient demographic information is still necessary if you use a third party billing service whether its integrated or not.
Learn More about WebPT- Billing Integration Services
- Learn more about Kareo billing software at www.kareo.com and BMS billing service at www.bmsreimbursement.com.
- Attend the informational webinar "Introducing WebPT's Electronic Medical Record Integration with Certified Billing Partners" on either Thursday, March 24, 2011 or Saturday, March 26, 2011.
- Contact WebPT Sales at 866.221.1870 ext. 1or firstname.lastname@example.org to answer your questions
Mar 10, 2011| Mike Mannheimer
This week we are announcing the availability of our integration between WebPT EMR and Kareo medical billing software - at last! WebPT has developed both product integration and a business partnership with Kareo to deliver a complete solution that enables physical therapists to seamlessly manage the entire clinical and financial workflow of their clinics.
WebPT Billing Integration
Kareo is one of the first two WebPT Certified Billing Integration Partners. The WebPT team has been working with Kareo to develop a seamless integration between the WebPT EMR and Kareo billing. WebPT will be demonstrating and selling the integrated Kareo solution to WebPT members.
About Kareo Billing Software
Many WebPT members already use Kareo for billing. Kareo is a leading provider of easy to use, affordable, web-based practice management and medical billing software to thousands of physicians and hundreds of medical billing companies. Kareo's user-friendly and quick-to-implement solution enables therapists to get paid faster by storing patient records, verifying insurance eligibility, submitting electronic claims to insurers, posting electronic insurance payments, billing patients, managing accounts receivable, and much more.
Mar 10, 2011| Mike Mannheimer
This week we are announcing the availability of our integration between WebPT EMR and the BMS third-party billing service. WebPT has developed both product integration and a business partnership with BMS to deliver a complete solution that enables physical therapists to efficiently manage the entire clinical and financial workflow of their clinics.
WebPT Billing Integration
BMS is one of the first two WebPT Certified Billing Integration Partners. The WebPT team has been working with BMS to develop a seamless integration between the WebPT EMR and the BMS software system. Their industry knowledge on the issues and concerns facing the billing departments of Physical Therapists, Occupational Therapists and Speech Language Pathologists is second to none. BMS became the obvious choice as a comprehensive third-party billing option we are proud to offer to our members.
Mar 10, 2011| Heidi Jannenga PT
Since the launch of WebPT in 2008, our users have requested tighter integration between WebPT EMR and the billing software or services they already use. WebPT is proud to announce that we are now delivering direct integration between WebPT and popular billing solutions - Kareo and BMS. Kareo is a leading in-house billing software solution and BMS is a premium outsourced billing service provider.
WebPT Certified Billing Integration Partners
Kareo and BMS are the first of several WebPT Certified Billing Partners. WebPT has developed both a business partnership and product integration to deliver an end-to-end EMR and billing solution that PTs need to improve their business practice. We will continue to expand the program to deliver high-quality integration with other popular billing solutions throughout the year.
We will be introducing our Billing Integration Partner solutions this month on our website and webinars that will explain the solution in detail. Topics will include:
- Benefits of having your EMR linked to your billing
- Detailed introductions to both of our certified billing partners: Kareo and BMS
- In-house billing software vs. outsourced billing
- Things to think about when moving to a new billing service
WebPT March Webinar - Billing Integration with Kareo and BMS
The March webinar, WebPT's EMR Integration with Certified Billing Partners, will be held on Thursday, March 24, 2011 and repeated on Saturday, March 26, 2011. Attendees will be given the privilege to hear from the Kareo's CEO Dan Rodriques and BMS CEO John Wallace. Sign up to attend the Billing Integration webinar.
Physical therapists can feel confident that complimenting the WebPT documentation and practice management system with two best in breed billing solutions in the rehabilitation industry, gives them the most comprehensive, affordable and efficient all-in-one PT-centric Electronic Medical Record in the market today.