A HIPAA compliant medical billing software application is beneficial since it ensures your HIPAA compliance, the patient privacy, data security, and reduces a lot of overhead.
The HIPAA compliant medical billing software available in the market makes sure that the medical billing process is as per the Health Insurance Portability and Accountability Act HIPAA Compliance Solution. HIPAA deals with Protected Health Information (PHI) and ensures that the patient’s information, whether it is that of identity (such as name, social security number, license numbers etc.) or other info which are shared with clearing houses and healthcare providers (such as physician notes and billing), is protected and is not exposed or exchanged without the patient’s consent. The software ensures such privacy and protection. The main benefits of such a software application include –
- Ensuring HIPAA Compliance – HIPAA compliance is not an option. It is required and ensured by subjecting the non compliant to legal action and penalty. The HIPAA compliant medical billing software ensures that the patient health info remains protected and the whole process of medical billing and record keeping remains HIPAA compliant.
- Reduction in Administrative Overhead – Typically HIPAA compliance involves a lot of administrative overhead. Using an these software application would mean that the application will take care of the nitty gritty details and you will not have to worry much about the compliance overheads. The effort required is reduced.
- Reduction in Overall Expenses – By helping you to be to ensures that you would be able to get rid of the thousands of dollars that you will have to pay as penalty for noncompliance. The reduction in administrative overhead will also reduce costs considerably.
- Protection of Patient Details and Privacy – Making use of this and being HIPAA compliant will automatically take care of this. Since patient privacy is of the utmost importance, both for business reasons and legal reasons, this is a very important factor when it comes to Health Services.
- Reduction in Paper Work – This applies to all medical billing software and not just HIPAA compliant software. The reduction in paperwork would mean less work and fewer errors and loss of data.
Installing this application is certainly beneficial to any hospital or healthcare provider. Since most of the medical billing software packages are HIPAA compliant, finding one which suits you should not be an issue. While looking around for a software make sure that it is user friendly since installing a program which is difficult to use does not help anyone. Also ensure that all your needs in the billing department are met.