Medicare has been giving all doctors a “grace period” on coding to the specific level of specificity for DX codes.  This grace period ends Oct 1, 2016.  Contact us for our Encoder Pro $149 add on program to Medisoft that helps you code correctly.   Call us at 888-691-8058 or 941-743-6666

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Medisoft V21 should be available soon for your healthcare\physician back office this year, in 2016.  This new version will have features to help improve the revenue cycle management of your practice and help improve the medical and insurance billing functions of your clinic or office.

An available option for Medisoft Version 21 is Encoder Pro that helps with the medical coding of ICD-10 diagnosis codes and CPT procedure codes.  You can search using common terms or clinical terms, then pull that information back into Medisoft.  You can also cross code from ICD9 to ICD10 and vice-versa.  The program also allows you to enter a CPT procedure codes, and find the common ICD-10 codes that get billed with that procedure code.

Of course Version 21 will also come with built in compatibility with BillFlash patient electronic statement functionality.  This allows you to easily upload your patient statements electronically to BillFlash and let them do all the “heavy” work of printing, stuffing, and mailing your statements for only pennies more than the stamp you are already using.  Physician offices tell us this is a tremendous timesaver, and doctors love the fact that their statements gets out on a regular monthly cycle again!

Need custom insurance billing reports? Contact us at 888-691-8058 or 941-743-6666 and talk to us about your custom reporting requirements.

Medisoft Practice Choice is available as a cloud based EHR program to help you transition from paper medical records to online electronic health records, call us today at 888-691-8058 or 941-743-6666.

Are you still spending your valuable time manually posting EOB’s? If so, call us about signing up for electronic payment posting of your insurance checks, and in just a couple of minutes, post that large EOB quickly and easily without manual insurance payment posting.

Are you constantly having problems with your electronic clearinghouse?  Call us about our integrated clearinghouse that works right inside medisoft, and gives you information about your claims right in Medisoft and can help reduce your EDI frustrations and nightmares.

Call us today at 888-691-8058 or 941-743-6666 to talk to us about any frustrations you may be experiencing with your medisoft revenue cycle management and we’ll be happy to try to help you.

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First the bad news, “there is none”, Now the Good News “E-md’s, and a private equity firm acquires Medisoft Medical Billing Software products from McKesson.

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McKesson Business Performance Services (McKesson), over the past few months, conducted an analysis of their products and services to determine what products fit best with their organization.  After this evaluation, they determined that the Medisoft, Lytec and Practice Choice and Practice Partner products would be better served by a company that focuses more on the individual and small doctor practice market and found a private equity firm , focused on the small doctor practices, that they felt would better serve the Medisoft customers.

“McKesson chose to partner with e-MDs as it is an industry leader, founded by physicians and focused solely on the small- to medium-sized independent physician practice” says Harry Selent, President of MedicalBillingSoftware.com. ” McKesson feels e-MDs is the optimal  Parent Company that would best serve the Medisoft customers” says Selent. 

e-MDs is a portfolio company of Marlin Equity Partners (Marlin), which is a global investment firm with over $3 billion of capital. Marlin invests in companies where its capital base, industry relationships, and extensive network of operational resources significantly strengthen and enhance the value provided by its acquired products.  e-MDs is a leading provider of integrated electronic health records (EHR), practice management (PM) software, revenue cycle services, and credentialing solutions for small- and medium-sized, independent physician practices and enterprises.

Medisoft and Lytec are medical practice management and medical billing software programs used to help manage the Revenue Cycle Management of individual and small doctor practices around the country. Practice Choice and Practice Partner are electronic medical and health records software used by doctors and healthcare providers to document patient encounters and track details of patients and replaces the paper charts medical offices have been using.

The purchase agreement with e-MDs includes the Medisoft Value-Added Reseller  channel, which MedicalBillingSoftware.com is a member of, and services many of the doctors and healthcare providers using Medisoft. e-MDs will manage the day-to-day operations of the staff,  and products. The acquisition by Marlin Equity Partners is subject to customary closing terms and conditions, and is expected to be complete in 30-60 days. 

Over the course of the next month, McKesson will be working closely with the e-MDs team to plan for the transition of the support and development functions that support these products as soon as the official closing takes place. It is the intention of McKesson and e-MDs to make this transition for the customers as seamless as possible. 

McKesson, and MedicalBillingSoftware.com are committed to ensuring a smooth transition for its customers, and looks forward to the future success of its customers with the Medisoft, and Practice Choice Products!

 

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McKesson Practice Focus: Mobile Data Platform Helps Ensure Financial Health Tracking the economic vital signs of a physician practice is critical to good financial health. Fortunately for Pamela Henry, practice manager for Honolulu-based Radiology Associates, Inc., there’s a powerful tool that helps make the job a lot easier.

use medisoft practice focus to help manage your medical clinic

use medisoft practice focus to help manage your medical clinic

McKesson Practice Focus Mobile™ is a dashboard-driven informatics platform that allows users to access essential practice data and trends on the fly. Thanks to a combination of advanced, high-speed mobile technology and the power of the iPad®, practice managers like Henry can pull up real-time financial and operational metrics anytime, anywhere.

“With McKesson Practice Focus Mobile, I can look at my current AR, the volume for the month, physician activity; basically whatever I need to know,” says Henry, who’s managed the 18-physician imaging group for 10 years. “It makes it extremely convenient and saves a lot of time.” Henry says McKesson Practice Focus Mobile is especially helpful for assessing financial data after office hours or during board meetings, when partners may have a particular question regarding the group’s performance. “They may want a quick summary of our billing performance or our procedure volume, and it’s all right at my fingertips,” she says.

use graphs and charts to help manage your physician or medical clinic better

use graphs and charts to help manage your physician or medical clinic better

 

The data helps the group’s leadership make better decisions about staffing, modalities and equipment purchases. Partnering with McKesson Radiology Associates, Inc. provides both diagnostic and interventional radiology services and is one of the largest imaging practices on the island of Oahu. The group is affiliated with Queens Medical Center, the largest private hospital in Hawaii, and has been in business since 1972. Two years ago, Radiology Associates partnered with McKesson Business Performance Services (McKesson BPS) for revenue cycle management services. According to Henry, the practice chose McKesson on the strength of the company’s track record in radiology billing and the expertise of its billing team. Along with improved collections, reduced denials and stronger cash flow, McKesson also provided the group with improved financial and operational insight via McKesson Practice Focus, a web portal, and its companion mobile application.

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Henry says both the desktop and mobile apps help improve strategic planning by providing visibility into long-term trends. The applications allow users to set benchmarks and budgets, and also gain insight by comparing practice metrics against national and regional averages. Other specific capabilities include denial reporting, payer analysis, daily activity by practice location and more.

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Tracking Billing Results Just as important, Henry says, McKesson Practice Focus helps the group monitor McKesson’s billing performance. “We need to keep track of how the practice as a whole is doing, and we also must make sure that McKesson is meeting its obligations and responsibilities as our billing provider,” she says. “The ability to monitor their performance on a day-today basis helps create peace-of-mind for the partners, and it also ensures a stronger relationship and better communications with the McKesson team.” “We couldn’t be happier partnering with McKesson, and also with the tools they provide,” Henry says. “McKesson Practice Focus Mobile represents a real breakthrough for us.”

 

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