Financial Medical Partnership

Getting paid quick with less paperwork and better records

3 Aug 2011 by FMP Accountant

Billing medical fees is one of the least exciting aspects of a medical practice, but itís something that has to be done, for the group to stay in business. Itís easy to fall behind with billing, especially if you do it in the office using a paper system. Invoice writing gets pushed off and inevitably the billing process falls behind. You may not send out invoices until a week or two after a procedure has taken place. And, of course, payments are delayed too because insurers canít process what they havenít received. Itís easy to see how billing can become a big mess. Fortunately these days we have Private Practice Manager and Healthcode, who have developed technology to assist with billing situations like the one described above. With an electronic billing platform, getting your invoices to insurers and patients is as easy as possible, so youíll never have to worry about a backed-up billing department again. Financial medical Partnership offers two billing systems, for medical specialists working in the private sector Healthcode and Private Practice Manager. Both will solve your billing problems effectively depending on your specialized needs. The if youíre looking to make all your office information storage electronic, it may be the system for you. Both systems also allows you to log on remote any time. Creating bills for patients in addition to invoices for insurers, this task can be done 24 hours a day 365 days a year, with remote log in you can have more than one log in. The electronic billing platform uses the Internet to securely distribute bills to private medical insurance companies. The benefit of using VEDA is its bills are ready to be loaded into an insurerís payment system; the system automatically makes sure everything about the invoice is correct in a process known as validation. Using either of these programs for billing with rapidly increase the speed of your payment from insurers. Instead of waiting weeks or even months for invoices to be finished and mailed and payments to be processed, your bills will usually be paid within two weeks using Healthcodeís billing systems.

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FMP P.O. Box 1487, Surbiton, KT1 9RB, England, Company No. 03066638                
Tel 0208 398 9555