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EHR – Practice Management System Billing Features
This is the sixth article in my series on Cloud Based EHR / Practice Management Systems. For a more detailed discussion, as well as a five-stop process for selecting an EHR, check out the Guide to Choosing an EHR.
I feel pretty safe in stating that most mental health and wellness professionals are not in this line of work primarily for the money. Still, most of us in private practice are hoping to make a living or at least supplement our income. In our endeavors to make our work include a financial benefit, having an effective billing system is of primary importance.
With that in mind, what can we expect from the billing component of a solution? Basically, the billing solution should allow you to create an invoice for an individual session or for any outstanding balance. It should allow you to enter payments received from clients and produce receipts. If you work with insurance, it should allow you to enter payments received from insurance companies. It should allow you to create a statement for a client, covering a range of dates, that includes charges, payments and amounts due. Finally, all of this information should be easily accessible in some way (through reports or conveniently located display of data) so that you can track who owes and what everyone has paid. A solid software billing solution coupled with routine attention will save you time and improve your cash flow.
Get the Complete Guide
Get fully informed and understand all of the implications of your EHR selection in the Guide to Choosing an EHR. In this book, Rob goes into detail and provides a step by step process for selecting the best fit EHR for your practice.
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Health Information Exchanges (HIE) are an initiative related to the Affordable Care Act and the HITECH Act. Their purpose is to ease the communication between the EHR/systems of various providers of health care, because the EHRs themselves are behind in doing so (i.e. interoperability).
About the Author
Rob has been covering technology and business news for mental health professionals since 2011. His extensive experience in IT, business, and private practice allow him to synthesize information in a friendly, digestible manner. He also enjoys time with his family, ultimate frisbee, and board gaming.