More proof that online software is the way to go.

Don't let anyone tell you that the web is "not ready" for online software...

http://www.usatoday.com/tech/products/software/2008-10-28-microsoft-office_N.htm

Data Mining

Our system performs the exact same function: Helping Providers collect
money they thought they weren't going to collect on.

http://www.informationweek.com/news/business_intelligence/mining/showArticle.jhtml?articleID=211800074

Hiring billing company best bet for medical practice

Excerpt from: The Record (Bergen County, NJ Newspaper)

01-25-2008

Hiring billing company best bet for medical practice

If you decide to outsource your billing responsibilities, you should
take the following steps:

* Make sure you interview several companies to compare the way they
provide their services. For instance, some billing companies will
provide you with a terminal that connects your practice with their
billing software so that you maintain the patient demographics at your
office, while others have a more manual approach.

* Compare fees and, more important, the services you receive for those
fees. Billing fees are usually a percentage of the amount that is
collected. These fees can range from 2 percent to 10 percent,
depending upon the services provided and the specialty.

* Find out if the company provides services to other practices in your
specialty. Anesthesia, for instance, requires a very specialized type
of billing.

* Check the company's reputation and standing with your peers, medical
societies and specialty organizations.

Your work isn't done once you hire a billing company: You need to
monitor the effectiveness of its services. Each month, you should get
reports that contain key billing statistics such as the number of days
from the date the service is performed to the date the claim is
entered and the date the payment is made. You need to track on a
rolling 12-month basis your collection ratio as well as monitoring
your accounts receivable.

***

Susan Reed CPA is a principal of Sax, Macy, Fromm & Co. PC in Clifton.
Participants in Ask the CPA are members of the New Jersey Society of
Certified Public Accountants . More information is available at
MoneyMattersNJ.com.

Good advice for choosing billing software

http://www.medicalbillingbusinessresources.com/articles/choosing_software.htm

Medical Billing and the Economy

I would never recommend someone just take a medical billing course to
get into this business (we'll teach you MUCH more than that), but
here's a good article on why Medical Billing is a good choice, even
during economic crisis.

http://www.medicalbillingbusinessresources.com/articles/main.htm