The strongest health care system is one that places patients first. Your company’s revenue cycle must be the same. In your area, you want accurate billing statements that are easy to understand and use online to settle co-payments or balances. You’ll be able to provide a solid foundation for fiscal viability in the long-term by MEDITECH’s integrated Revenue cycle for Acute, Outpatient and Long-Term Care. The Expanse Revenue cycle from MEDITECH EMR is designed with front-to back integration in mind. It gives you a better client story for each claim. MEDITECH ensures that all the necessary data, including insurance, demographics, and medical information, is captured prior to and/or during service. This applies regardless of whether the client is present at the ED or visiting the practice.
Gather accurate and complete client and insurance information before providing services. Avoid denials of claims. Verify insurance and obtain authorization alerts. Run healthcare necessity checks at first contact with patient. You can track and manage the appeals process for denials with actionable worklists. Interactive denial management reports allow you to track and analyze denial trends, as well as the success rates of your appeals.
Integrated Practice Management Solutions
A revenue-generating solution is essential for your practice. It should also enhance the client experience and decrease the stress associated with a busy practice. Expanse Ambulatory’s Practice Management software achieves all these goals by streamlining office workflows, and making it more user-friendly. Establish the foundation for financial stability and operational efficiency over time. Expanse Outpatient Practice Management is a MEDITECH Patient Accounting Desktop that gives staff the tools to manage daily billing, collections, follow-up, and rejection management. It helps to reduce lost revenue by automatically capturing charges at point of care, and receiving alerts that minimize claim rejections due to missing data.
Meditech Surveliance Health Analytics
Clients can be caught before they become sick. The Meditech integrated toolset integrates seamlessly with clinical workflows, helping care teams prioritize care, act faster and improve outcomes. Evidence-based rules search MEDITECH’s EHR’s demographic and clinical information 24 hours a days, seven days a săptămână. Clients who meet the profile requirements are added to tracking boards. This shows if there are signs of an HAC. These boards can be used by clinicians to order, document, and message the care team.
Kareo EHR Features
Analytics
It can be hard to find and interpret revenue data efficiently. This is often done to compensate for any shortcomings in your reporting tools. To manage your bottom line, you will need strong business analytics that integrates with your billing processes. Kareo EMR Analytics will help you identify revenue opportunities that will have the most impact on your bottom line. With Kareo Analytics, your assets and time are fully optimized so you can continue your journey with confidence.
Kareo Analytics allows you to personalize your data more than traditional business analytics. You will see immediate results due to this improved functionality. You will see immediate results and get customized insights for the future. This feature is loved by users, according to Meditech EHR reviews.
Patient Statements
As client collections continue growing as a percentage your practice’s A/R, it’s crucial to have the right tools to collect what’s owed. Kareo offers four options to quickly send statements to patients and an option for electronic bill payment. These techniques can reduce your client’s billing cycle and increase revenue. Kareo’s text balance reminders are able to alert clients about amounts that may be owed while they are still fresh in their mind.
Before you spend time and money mailing client statements, send your clients a digital account. The digital statement allows the patient to view the balance and make a secure, fast and easy payment online. You can also use Kareo’s workflow for computerized printing and mailing of paper statements if no payment has been received. Kareo’s patient statements mailing service can be used to expedite client collections, reduce staff time and lower processing fees. These color statements, which are easy to read for patients, can reduce billing questions by half and increase collections by as much as $7,000 per provider annually.
Telehealth
Kareo Telehealth provides modern healthcare in a safe and secure way. It is compliant and efficient and is available at your fingertips. With seamless integration to Kareo EHR/practic management software, you can implement a productive and efficient telehealth solution.
Video visits are more efficient than in-person appointments. Spend more time with patients than you do on administrative tasks.
Video visits are possible at any time and from anywhere. You can offer extended or weekend hours without having to hire staff. Patients should be able to access the support they need to follow treatment plans, manage medications, and take part in lifestyle counseling to improve their health.
You can convert unpaid follow-up emails or phone calls into fully reimbursed videotelehealth visits. This feature is a highlight of Kareo EHR Reviews
Pricing for Meditech EHR vs Kareo Pricing
Kareo EHR pricing – $150-$300 per month
Pricing for Meditech EHR – This pricing is not provided by the vendor. To learn more about Meditech EHR pricing, schedule a demo.
Last Few Words
We recommend scheduling a Meditech EHR demo and Kareo EHR demonstration if you have trouble choosing between these two software options. Make sure you review the software features during the demo. We recommend you read both Meditech EHR reviews and Kareo EHR reviews.
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