 Streamlining Medical Billing
Dr. Scott Strayer and his company, PocketMed, have just released updated software that further streamlines medical billing, allowing physicians to capture lost revenue while keeping the focus on patient care.
Medical billing has traditionally been a lengthy, tedious process: doctors handwrite codes for medical services rendered to patients on little pieces of paper that have to be collected, interpreted, and computed by office billing staff before they can go on to insurance companies for reimbursement.
The many steps of this process leave a lot of room for error. Practitioners may forget to write something down, bits of paper get lost, handwriting may be illegible, and procedures may be improperly coded. Research has shown that the typical doctor loses nearly $128,000 each year due to inefficient billing procedures. And these billing challenges take valuable time away from patient care.
Strayer, family physician and U.Va. faculty member, envisioned a solution to these problems in handheld device technology. Dr. Strayer founded PocketMed in 1999, and has since been dedicated to improving physician practice through innovative, mobile technology and translating guidelines to the point-of-care.
In October, PocketMed released PocketBilling 4.0, a new version of their handheld, point-of-care charge capture software used by thousands of physicians nationwide to enhance billing efficiency and accuracy. PocketBilling 4.0 features an improved interface that is more intuitive and user-friendly, and gives physicians the ability to email patient information directly to office staff.
“This major upgrade to the software has been in development for over 2 years,” says Strayer. “Physicians can now ask us to integrate PocketBilling 4.0 with their hospital IT systems or practice management systems, or they can outsource billing directly from their handhelds. In addition, a new coding tool was added that simplifies the process of selecting the right codes for patient care.”
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Recent News:
PocketMed(R) Revolutionizes Mobile Billing Industry (10.04.07) PocketMed®, a leader in mobile charge capture at the point of care, presents PocketBilling© 4.0 at the American Academy of Family Physicians Scientific Assembly in Chicago. READ MORE
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