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Medical billing is an essential practice within any healthcare facility that ensures timely and accurate reimbursements from insurance companies and getting payments from patients for the rendered healthcare services. It used to be a real pain in the neck due to being time-incentive, effort-consuming, and associated with the mountain of paperwork. Still, medical billing software has changed the situation drastically by streamlining the billing and insurance claim management process and significantly decreasing the number of errors and denied claims.

Devico is highly experienced in medical billing solutions development and can provide you with an advanced solution tailored to all your needs

Companies we work with

Trusted by clients from 39 countries. Our global presence enables us to deliver software services 24/7/365 and swiftly adapt to any zone and customer’s requirements

Key Features of Medical Billing Software Solutions

Medical billing software development is unique to your specific needs and goals. Thus, the features of the software can be customized based on the client's requirements. However, certain essential features are pertinent to any medical billing software

Patient Registration

This feature collects essential patient data, including their insurance information, before scheduling a doctor's appointment. Linking all patient information to insurance plans and billing processes ensures accurate payment for provided healthcare services

Scheduling

Patient appointment scheduling details have a direct impact on medical billing services. Access to appointment types, revisits, and treatment details significantly simplifies medical coding and billing

Claim Management

The core feature of medical billing software, claim management includes claim creation, submission, processing, reconciliation, and claim status tracking. Access to claim history is also beneficial

Eligibility Verification

This critical feature enables quick checks of a patient's insurance validity and coverage for planned services and procedures

Medical Coding

Accurate medical coding ensures full reimbursement. It provides data on diagnoses, medical procedures, services, and tests using universal medical codes. The implementation of a medical coding feature can greatly simplify and speed up the creation of claims and reduce coding errors

Billing and Invoicing

Allows easy generation of invoices, tracking of payments, retrieval of payment history, and quick access to billing information. Automated billing ensures faster payments, up-to-date data, and improved overall workflow

Payment Reminders

Automated emails or SMS notifications remind patients about their outstanding bills, aiding hospital staff

Finance and Accounting

Ensuring financial transparency, this feature aids in handling various accounting and financial matters, such as tracking patient online payments and identifying outstanding bills

Integration with EHR/EMR

Integrating the medical billing software with an existing EHR/EMR system can create an efficient ecosystem that reduces information gaps and gives a holistic view, saving time and improving efficiency

Reporting and Analytics

It's vital for medical billing software to generate real-time data and comprehensive reports, reflecting financial trends, areas of concern, and opportunities for revenue growth

Healthcare Software Security Standards and Certifications

Our healthcare software development services are provided in strict compliance with the key global healthcare industry regulations, standards and best practices. So you can guarantee the security of your solutions and ensure your sensitive patient information and clinical data is kept safe. Our healthcare security expertise encompasses:
  • Understanding of health information privacy standards (GDPR, HIPAA, HITECH);
  • Experience with healthcare standards (e.g., HL7, FHIR, CDA, DICOM, ICD, ICPC-2);

Compliance with:

  • ISO 9001:2015 Quality Management Systems
  • ISO 20000:2018 IT Service Management systems
  • ISO 27001:2013 Information Security Management Systems

Medical Billing Software Development Process

Step 1

Discovery

At this stage, our specialists get acquainted with your idea, needs, and available project documentation. This knowledge helps them to craft a comprehensive vision of a product, make a rough estimation in terms of the required time and resources, and make up a web app development roadmap

Step 2

Planning

The team identifies the most appropriate tech stack, defines software architecture, and uncovers possible risks along with the ways of their mitigation

Step 3

Design

To create designs that your audience will adore we take into account multiple factors like simplicity, intuitiveness, aesthetics, mobile responsiveness, and many more. Your business needs are also within our focus, therefore created designs are SEO-friendly, represent your brand identity, and translate your messages to a target audience

Step 4

Development

As a rule, we apply the Scrum development methodology suggesting iterative product development. This approach helps to establish a resource-effective and time-efficient workflow

Step 5

Quality Assurance

A comprehensive set of manual and automated tests is performed to check your tailor-made web app inside out and make sure that every single component works as intended

Step 6

Deployment

Your web application is launched and all the required infrastructure is set up

Step 7

Maintenance

Our web development consultants are available to you for any further modernization, maintenance, updates, or consultation

What our customers say

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Having had bad experiences in the past, I was most impressed by the communication of the engineers and the Devico management. They were great partners and worked well to help us achieve our project goals. They provided flexibility when needed and helped us keep our project on schedule.

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I was completely satisfied. They were very flexible and adaptive to our changing needs. I find them responsible and quick to deliver. I can't identify any areas of improvement.

Benefits of Implementing Medical Billing Software in Your Practice

BenefitDescription

Reduced Administrative Costs

Medical billing software automates many routine tasks related to insurance claim management. This eliminates the need for a large billing staff to handle manual work. Additionally, digital billing reduces costs on stationery and postage. In summary, implementing a medical billing system can significantly lower overhead and hiring expenses

Increased Efficiency

Medical billing systems can significantly improve claim tracking and processing. They also provide quick insurance eligibility and coverage checks. Furthermore, the software alerts staff to coding errors or inconsistencies that could lead to claim rejection, notifies them about denied claims, and guides them through the resubmission process. In general, medical billing software enhances data accuracy and speeds up the claim management process, enabling hospitals to get paid faster and provide accurate bills to patients

Decreased Error Rates

Coding errors are often the main reason for claim denials. These typically occur due to outdated code references, over and under-billing, missing codes, mismatched codes, etc. Medical billing software automates the coding process and uses updated coding requirements, thereby reducing the potential for such errors

Convenient Access to Patient Records

Medical billing systems provide complete control over patient billing data, making it much more accessible. This, in turn, increases efficiency and expedites payment processing

Improved Reporting

Medical billing software provides real-time reporting, enabling medical facilities to monitor performance and identify ways to increase efficiency. These reports allow for a deep analysis of claims and profitability, helping identify areas for improvement

Enhanced Patient Experience

Timely resolution of insurance-related issues contributes to a positive patient experience. Implementing medical billing software can facilitate faster insurance claim processing and decrease claim denials, leading to better patient experiences

Our hiring process

In order to have indeed brilliant specialists on the team, we are always super-scrupulous about our hiring process suggesting six steps:

  • The formation of the requirements for a jobseeker;
  • A thorough review of resumes;
  • A screening interview with our HR specialist;
  • English level assessment;
  • Soft skill assessment;
  • A technical interview with a team lead;
  • Getting a job offer;
  • A warm welcome to our team.

Our employees are our most valuable asset which is why we always take the time to hire only those who are the best fit.

Frequently Asked Questions

Medical billing software automates the medical billing process, managing compensation for provided healthcare services from insurance companies and patients.

The cost of medical billing software development varies based on many factors, including functionality, project complexity, tech stack, timeframe, and the size and expertise of the development team. For a precise cost estimate for your project, please contact our medical billing software development team with details.

The benefits of medical billing software are numerous, with key advantages being automated billing and claim management, regulatory compliance, enhanced security, improved convenience, and reduction of human errors.

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