It’s 2021, and we’re all ready for some good news. While change isn’t limited to the month on a calendar, the beginning of a new year is a great opportunity for businesses to assess their success and rework their goals. This is especially true in the healthcare industry, where things are rapidly evolving every day. As such, it’s helpful to stay on top of emerging trends to adjust your tactics as needed. We took a look at some of the top medical billing trends for this year to help your company prepare.
Automation is already a huge part of the medical billing world, but it’s time to take it a step further. The whole medical billing process is a long one. Once providers finish an appointment and gather all the patient information they need, their work is only just beginning. They still have to input all data into their billing system, making sure they enter the codes that match the performed procedure, on top of all personal patient information. Depending on the situation, this can take a while. Enter, artificial intelligence. With AI EHR systems, patient data can be entered in real time as your doctor, nurse, or specialist asks questions. As the AI system listens, it will automatically import this data into the proper fields and generate ICD codes, which will then be used to create error-free claims. Sound simple? That’s because it is, and the industry is sure to see a shift in that direction this year.
Electronic claim submissions
Many companies have already made the switch from paper claims to electronic ones, and we’ll continue to see this number grow even higher in 2021. Electronic submission software makes submitting clean, accurate claims a fast and easy process. With so many great software options on the market, we’re sure to see this number skyrocket soon.
Enhanced billing technology
As always, technology will continue advancing to make everyone’s lives easier. Medical billing software is already a huge success in reducing errors and speeding up claims submissions. Software developers will continue to tweak and add to these systems as needed, including finding ways to reduce errors even further, keeping patient information up to date, and implementing AI capabilities into systems.
The COVID-19 pandemic has brought about a new sector of healthcare: telehealth. Healthcare organizations started offering virtual services as a way to maintain social distancing, and it will probably stick around as an alternative method for quite some time. This means that the time to expand systems to include telehealth capabilities is now. Software developers who already specialize in cloud-based Medicaid billing software should consider adding such a feature to create an all-in-one solution that serves as a useful tool for both in-person and remote appointments. This competitive edge will set providers who use this technology apart and give them a huge leg up as the world continues to navigate the ongoing pandemic.
Stay on top of trends
Your business can’t advance without making changes, so it’s best to keep watch for new and emerging trends that will impact the way you operate. If you can get ahead of the curve and set yourself apart before other facilities start following, you’re sure to come out on top. In the meantime, if you’re still operating without a medical billing system, it’s time to change that. Get in touch with our team at BillPro to learn how our Medicaid billing software can make your job easier. We can’t wait to hear from you.