Electronic medical billing services bring numerous benefits to healthcare providers, including faster reimbursements and reduced processing time, according to a Med City News report.
E-bills also save on printing, postage, delivery, staff and envelope costs associated with paper bills. Turnaround time to receive payments for electronic bills is about two weeks, compared to five to seven weeks for traditional paper bills, according to the report.
Overall, the dramatic increase in productivity associated with E-billing outweighs the inconvenience associated with transitioning.
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E-bills also save on printing, postage, delivery, staff and envelope costs associated with paper bills. Turnaround time to receive payments for electronic bills is about two weeks, compared to five to seven weeks for traditional paper bills, according to the report.Overall, the dramatic increase in productivity associated with E-billing outweighs the inconvenience associated with transitioning.
More Articles on Coding, Billing and Collections:
Calif. Worker's Compensation to Investigate E-Billing Violations
Study: 50% of Hospitals Not Following CMS' ICD-10 Timeline
6 Ways to Avoid Losing Revenue on ASC Claims