Tag Archives: Billing

Finance

Medical Bills That Get Paid On Time

Medical billing software often keeps track of patient records. It tells you who is paying their monthly bills on time and who are paying up front. Medical insurance companies often ask that you keep track of your claims in an orderly fashion. It is important for you to know how many bills are in default and coming in late. You should have some type of a late payment fee when patients continuously pay their bills late. In this way, you can assure a patient that you want things handled correctly.

How can you get a patient to pay when they simply see their medical bill as being too high? Even patients that do have medical insurance are often getting bills from hospitals in excess of $1,000.00. Most families in America today earn less than $50,000 per year. A lot of companies in the United States are not paying their employees fair wages or covering healthcare costs. This puts a tremendous strain in doctors and healthcare providers. You cannot keep a medical practice open if you cannot afford to pay the bills. It is a fact that people need to see their billing plans growing and getting better. However, what can you do if you cannot afford to pay your bills?

Payment arrangements should be made prior to you visiting with your patient. If the patient has an emergency, tell them to go to the ER. Otherwise, a patient should have no problem providing you with detailed information. At the end of the day, you want to get paid for your services. You need to make sure that the patient has some form of payment. Some doctors today are having a co-signer agree to pay for services rendered if the patient refuses to pay. Keeping people accountable for what they owe you is tough. Today, many people avoid collection calls and so forth.

If the patient is on a monthly payment schedule, it is important to send them a bill every 14 days. It keeps them reminded of their financial obligation to you. Always work with a reputable billing collection company in case your patient fails to pay you the amount of money owed. In this way, you will be able to at least get some hope of you ever seeing your money again.

Nobody likes to pay back debt. Especially when they feel like they shouldn’t have gotten the bad debt to begin with. Today, patients know that they can pay back bad debt and often don’t because they would rather use their money for something else. Working hard for a medical doctor takes time, effort and luck. It takes time to please your patients and to receive positive feedback from them as well. Do your best with reminding them to pay their bills on time.

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Finance

Will Your Treatment Center Go Bankrupt In 2016?

Treatment centers are there to help people that are addicted to drugs and alcohol. It is perhaps a difficult progress for many people needing help. However, professional medical billing companies are helping treatment centers to become more profitable. The year 2016 is a complex time. Many treatment center wonders are seeing that their billing is not taking off as it did in 2014. In October of 2015, the world saw a major shift and change with ICD-10. This new coding system is a lot more complex than it ever was before. People are beginning to see that it takes time and effort to make money. It takes a great deal of experience to work with ICD-10. Most treatment centers are scratching their head because they are finding it hard to make a profit.

It is important to find a biller that knows this system of coding. It is much more complex than ICD-9. Most people today do not know how to work with the new codes. Professional medical billing companies now have the upper hand over in house billers. The reason for this is that they have preparing for it a lot longer. Most coders today are getting fired because they are failing to turn a profit for a company. A lot of physicians and treatment centers are turning to companies that charge them a percentage fee instead of paying someone a salary.

In this way, you can easily find something that you have been searching for a while now. It is important to write down exactly what you want to have done. Give it to your in house billers. My suggestion is to outsource your billing because professionals simply do it better. Would you rather have a handyman fixing your roof or someone that is a professional contractor? I would prefer the professional. Even though it costs more money, you get what you pay for. In the end, you win out because your money grows with time. You begin to look at your own source of what is happening in your life and you actually begin to grow.

There is a good chance that getting a professional to work with you is a lot better. You need to look at your life and see that you are beginning to make money. When you make money, your entire world begin to change. Why risk using an in house biller when an outsourced one will earn you a lot more money. You can see for yourself that you can make a much bigger investment. However, your turnout will be better.

Your treatment center does not have to close down in 2016. Instead, finding the right medical biller often does the trick. If you Google “medical billing companies” a lot of companies will come up. There are over a million of them in the United States alone.

Your corporation could get a medical billing services contract from Ideal Billing Solutions. Our corporation has many corporate billing services for treatment centers, rehabilitation centers and hospitals. It causes a lot of know how in order to get Your corporationr business to the next level. Take Your corporationr time when it comes to learning more about the treatment cycle.

Banking

WAP Billing: An Important Mobile Banking Application

WAP which is the abbreviated form of Wireless Application protocol, is an international standard. It allows mobile tools like smartphones, iPhones and laptops to acquire internet connection while becoming compatible with big network bearers. The ability to authorize transactions allows WAP to supersede the recent implementation of mobile banking applications through 2 way messaging (SMS).

WML (Wireless Markup Language), is a variation of HTML that is used for making applications for wireless devices through open platforms, and is used for WAP billing as well. During a normal WAP billing procedure, packets carrying data, from wireless devices use the wireless network configured according to the WML settings to travel to a WAP gateway. Certain parts of data that are crucial are rearranged and then shifted to a server that can handle HTML. server, in route to a wireless device.

The WAP solutions described are generally in two parts: 1) a WAP server that distributes information and applications and 2) a WAP gateway controlling access. operators. Presently, banks are going for a closed model for WAP banking implementations, and servers are able to stay on the main site of the network. This allows banks to release control of their information and provide access to mobile banking applications and operators. However, there is a security glitch in the closed model which happens because of unencrypted data at the server that undermines the security. Conversely an open model has the gateway and server situated within the secure environment of the bank and it can deal with such issues. However, it is a lot cheaper to install closed models, and they provide fast marketing as well.

You have to realize the fact that more usually than not it is the customers who have to manage their banking requirements. These include going to an ATM, making a deposit or transfer, or calling a call center for those dreadful customer service automatic systems. You are supposed to take the initiative in these areas of banking. Managing your bank account can never be simple, and entails a lot of labor. But, if we take benefit of the fact that there are more than four times the amount phones (smartphones, iphones, etc) as PC’s in circulation today, our life could be less troublesome. Mobile banking applications and WAP billing is being used by major banks around the world. Because of this, banking has become a lot more secure convenient and trouble free.

WAP billing is often a latest road to provide for goods. Mobile banking applications turned out to be more popular on earth. Involving our world-wide-web has already extra info.

Finance

Slap a Finance Charge On It ? Legal Time & Billing Software

Late payments from clients. No fun, right? No matter what kind of legal billing software you have, late payments require you to send (yet) another bill and nag your client—neither of these fun tasks. And statistics show: the longer it takes for a bill to get paid, the harder it is to collect.

The way we look at it, you might as well get something for your troubles. And if that something is a finance charge, then your client is put on notice—and realizes that there’s a cost factor attached to his or her delay. If push ever comes to shove, a finance charge also provides additional leverage for you. In short, finance charges are a winning scenario for attorneys all around.

Easy Soft’s Easy TimeBill program, our law office software now comes with a new feature: automatic assessments of finance charges on unpaid invoices (provided you wish to apply finance charges).

A little background here. We found out that our software clients-from solo practitioners to medium-sized law firms—were willing to assess finance charges for late payments. But they don’t.

9 times out of 10, you’re not refraining out of courtesy. You’re refraining because there’s no easy way to make the calculation—and compound it as time goes on. Add in partial payments—and the scenario gets even more math-heavy. (And we know from previous posts how much you love math!)

Nightmare no more! Easy TimeBill’s new finance charge feature allows you to set the interest rate (say 12%) and the grace period (say 30 days). You’re in complete control.

As you generate invoices, Easy TimeBill will look at unpaid invoices, apply the grace period, and assess any necessary finance charges.

To activate the feature, simply go to Tools. Then you select Billing Settings, then Finance Charge Settings. Then, you type in the desired interest rate, grace period, and charge type (simple or compound). Voila! Your global preferences are set, and your client now has a great reason to pay today .

Exceptions aren’t an issue: you simply uncheck the option for certain clients.

No one likes to be paid late. Time to fight back!

To learn more about our Attorney billing software, call us at 800-905-7638.

Easy Soft specializes in helping law firms automate their processes with law office software. Easy Soft has automated software solutions for virtually every practice area, from case management, document assembly and time & billing, to time and billing software.