Medical Billing System - FAQs

» How does OmniMD^™ medical billing and Practice Management System add value to a practice’s billing?

OmniMD^™ Practice Management System (PM System) adds value to the practice by increasing revenue and decreasing costs. This is achieved through providing accurate charge capture, seamless integration with medical billing and practice management systems, electronic claim processing, lower rejection rate, faster payment processing, communication and reporting, and fast rejected claims processing and refilling.

» How does and integrated EMR and Practice Management System eliminate denials due to incorrect patient data?

Unlike traditional medical billing services, OmniMD^™ integrated suite relies on electronic transfer of patient demographics, insurance, guarantor, and other data from the EMR to the billing system. This not only saves time, but ensures almost 100% accuracy compared to manual data entry, which inevitably creates errors eventually resulting in payer denials.

» How does integrated EMR and PM System eliminate denials due to coding errors?

OmniMD^™ medical billing service relies on electronic transfer of Superbill and encounter data to the billing system. This saves time, and also ensures 100% accuracy. The OmniMD^™ charge capture system also checks for the validity, applicability and mutual exclusivity of the CPT codes, ICD codes, modifiers etc. at the point of charge capture, alerting the provider to any incorrect entry. This ensures that such errors are caught at the earliest point, saving both the provider and billing personnel time, preventing denials.

» Does this lower time to claims submission?

Electronic submission of all claims results in a substantial reduction in delays and errors. Much faster submission of medical billing claims is ensured, with a turnaround time of less than 12 hours.

» Does this increase long-term profitability of the practice?

Increased revenue, decreased costs and allowing office staff to focus on core activities greatly improves long-term profitability of any practice.

» Does OmniMD^™ provide integration service with leading medical billing software, like Medisoft, Lytec and Medical Manager?

OmniMD^™’s software support development team has the ability to integrate with all leading medical billing/practice management software systems. OmniMD^™ has successfully completed medical billing software integration with leading billing/practice management systems like Medisoft, Lytec, Medical Manager and McKesson.

» Is claims generation automated?

OmniMD^™ uses an automated claims generation system, with manual supervision for quality assurance.

» How do OmniMD^™ medical billing services eliminate denials due to ineligibility?

OmniMD^™ Online Eligibility Check software, available with the OmniMD^™ specialty EMR, helps practices to identify patients who are ineligible for insurance coverage before they receive care. This enables the practice to deal with the issue early on, instead of receiving a payer denial much later. For a busy practice this prevents a considerable percentage of losses from payer billing denials.