Telehealth has been a revolution in the medical billing industry for many years. With more people going online to find doctors, it was only a matter of time before telemedicine would take off. Tele-health is an affordable way for patients to get care from doctors remotely without traveling long distances or waiting in crowded waiting rooms. It’s also a huge relief on doctors’ schedules because they can see multiple patients at once from anywhere with an internet connection. Here are ways telehealth has changed medical billing by promoting revenue management.
1. Increased Efficiency and Accuracy in Billing Procedures
One of the biggest benefits of telehealth is the increased efficiency and accuracy in billing procedures. Doctors or medical billing companies can submit bills electronically with telemedicine, which cuts down on paperwork and eliminates errors. In addition, insurance companies can process claims faster because there is less need for additional documentation. This streamlined process saves everyone time and money.
2. Better Access to Care for Patients in Remote Areas or with Inaccessible Schedules and Workplaces
Telehealth reduces the need for patients to travel far from home, wait long periods, or take off work to have a doctor’s appointment. For people who live hours away from their doctors’ offices or cannot find child care or transportation, telehealth offers a convenient alternative.
Patients with disabilities and chronic conditions also benefit from telemedicine because it’s easier to make doctor’s appointments. Patients can schedule video visits around their schedules instead of driving long distances during traditional office hours. You can also request outsourced medical billing. This saves you time and money on medical billing.
3. Increased Use of Electronic Health Records (EHR)
Telemedicine has increased the use and availability of electronic health records (EHR). EHR is a system doctors can access through an online portal that allows them to view patient information such as medical history, medications, allergies, labs results, etc. This eliminates back and forth phone calls and paperwork, streamlining the entire recording process and revenue management.
This has changed medical billing because EHRs are more efficient, accurate, and accessible. EHR makes it easier for doctors to collaborate on patient cases to provide better care at lower costs.
EHR systems also reduce health care fraud because they make billing records easier to track. With the increased accuracy in medical bills comes fewer disputes between insurance companies and patients.
4. Reduction in Health Care Costs for Patients and Insurance Companies Alike
Telehealth has reduced health care costs for patients and insurance companies alike. For patients, telemedicine reduces out-of-pocket expenses by cutting travel costs and time off work. For insurance companies, telehealth helps reduce the need for emergency room visits which are more costly than scheduled video appointments.
Many doctors’ offices have turned to outsourcing medical billing to streamline their schedules to offer more telehealth appointments. If you are looking for a way to reduce your medical bills, ask your doctor if they offer telemedicine. You may be surprised at how affordable it is.
Telehealth is revolutionizing the medical billing industry. Most medical billing companies use it because it’s a convenient, cost-effective way for patients to get care from doctors remotely with less hassle and more accuracy. With telemedicine, you’ll never have to worry about not being able to see your doctor or going broke because of it. For more information, contact J3 Revenue Cycle Management.