Medical organizations use medical billing software to create and manage invoices for the services that they provide. Healthcare institutions require certain industry-specific billing features as medical invoicing varies according to patient diagnostic, treatment, and health care coverage. Medical billing software includes support for compliance with healthcare regulations such as the the Health Insurance Portability and Accountability Act (HIPAA). Medical billing solutions can increase the accuracy and the speed of the billing process for healthcare organizations. Some advanced solutions also provide functionality for revenue management or profitability analysis.
Medical billing software needs to integrate with medical practice management software which holds patient information, as well as with accounting software which processes payments. Integration with benefit carriers is also required for electronic invoices or claim submissions.
To qualify for inclusion in the Medical Billing category, a product must: