Medisoft Advanced Patient Accounting Systems Descriptive Essay by scribbler

Medisoft Advanced Patient Accounting Systems
A look at Medisoft Advanced Patient Accounting Systems for medical billing.
# 151670 | 1,630 words | 4 sources | APA | 2012 | US


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Description:

This paper describes and analyzes the Medisoft Advanced Patient Accounting Systems which is used in a medical billing setting. The paper focuses on the advantages of using this system in a medical practice and also cites a few challenges. In particular, the paper notes how Medisoft integrates many functions into a single package, further showing how it works as an excellent interface between patient billing and the financial accounting. Additionally, the paper examines the features that help increase efficiency in medical billing, such as reducing the amount of time that staff spends performing routine tasks, such as matching accounts to payments. Finally, the paper discusses barriers and obstacles to purchasing Medisoft, especially in light of its price. The paper concludes by stating that the Medisoft system provides benefits that far outweigh the expense of the system. A table is included in the paper.

Outline:

Description
Application of Product
Barriers and Obstacles
Implementation

From the Paper:

"Medisoft is one of the older software developers in the medical field. As such, they are familiar with the needs of many different sized facilities. They have seen many legal changes in the industry and have kept up with the latest trends and requirements. They have an excellent reputation in the industry. They offer software that is customizable to a number of different institutional needs.
"Medisoft integrates many functional into a single package, making it easy to match payments with individual charges. It is easy to see what has been paid and what has not. Patient ledgers make it easy to show complete account activity in one location. The convenient features of Medisoft make it an excellent interface between patient billing and the financial accounting department. The software allows the collections department of spot aging accounts from both the patient end and the insurance end easily so that appropriate action can be taken. Medisoft has a built-in feature that allows the patient statement to be held until all of the patient's insurance payments are in. An automatic reminder allows the billing department to see that an account is ready to be billed to the patient. "

Sample of Sources Used:

  • Computerized Business Systems (2004a). Medisoft Advanced Patient Accounting - Medical Billing Software. Retrieved February 6, 2010 from http://www.medicalbillingsoftware.com/medisoft-medical-billing/medisoft.htm
  • Computerized Business Systems (2004b). Medisoft Version 12. Retrieved February 6, 2010 from http://www.medicalbillingsoftware.com/billing-software.htm#order
  • Everything99.com (2004). HIPAA Compliance. Retrieved February 6, 2010 from http://www.everything99.com/hipaa.htm
  • Medisoft (2010). Medisoft: market Leading Practice Solutions. Retrieved February 6, 2010 from http://www.medisoft.com/.

Cite this Descriptive Essay:

APA Format

Medisoft Advanced Patient Accounting Systems (2012, August 27) Retrieved August 13, 2022, from https://www.academon.com/descriptive-essay/medisoft-advanced-patient-accounting-systems-151670/

MLA Format

"Medisoft Advanced Patient Accounting Systems" 27 August 2012. Web. 13 August. 2022. <https://www.academon.com/descriptive-essay/medisoft-advanced-patient-accounting-systems-151670/>

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