{"id":15517,"date":"2015-08-05T17:08:27","date_gmt":"2015-08-05T21:08:27","guid":{"rendered":"http:\/\/blog.carecloud.com\/?p=15517"},"modified":"2025-10-23T14:45:02","modified_gmt":"2025-10-23T14:45:02","slug":"top-3-best-practices-boost-billing-efficiency","status":"publish","type":"post","link":"https:\/\/carecloud.com\/continuum\/top-3-best-practices-boost-billing-efficiency\/","title":{"rendered":"Top 3 Best Practices to Boost Billing Efficiency"},"content":{"rendered":"

With the increasingly complex world of medical insurance claims, Medicare\/Medicaid reimbursements, and other financial concerns, managing the billing process is a challenge for many practices.<\/p>\n

Time is Money<\/h4>\n

According to a Health Affairs study<\/a>, physicians use nearly 12 percent of their net patient service revenue to cover the costs of \u201cexcessive administrative complexity.\u201d<\/p>\n

Seventy-four percent of those costs can be attributed to inefficiencies in billing. This is mainly caused by time lost from physicians or staff preparing paperwork or contacting payers directly with questions about prescriptions, diagnoses, treatment plans, and\/or referrals.<\/p>\n

<\/p>\n

Finding a Solution<\/h4>\n

These numbers aren\u2019t surprising to most physicians, many of whom are actively seeking technology-enabled medical billing solutions<\/a>. Physicians are also increasingly looking for software that manages the entire patient encounter, from pre-registration to payment.<\/p>\n

We pulled data from our medical Product Selection Tool \u2014 a system that helps narrow down software options for providers \u2014 to get a better look at current buying habits. For billing and practice management software, the top two physician-requested features are:<\/p>\n