How Medical Billing Software Development Can Help Healthcare Providers?
April 10, 2024
With the whole world moving towards digitization in every industry, businesses are transforming the way they connect with their customer for the delivery of their services. The healthcare sector is not an exception and one thing that every hospital and clinic looks for is the constant need for accurate medical billing. That is where medical billing software comes into existence.
Research says the medical billing software market is estimated to grow at a CAGR of 12% between 2022 to 2029. If you are planning to add a custom medical billing software development solution to your healthcare organization, you have come to the right place! In this blog, we are going to learn how to build custom medical billing software for your company and unlock immense benefits for both patients as well as healthcare providers.
Understanding How Medical Billing Software Works
Medical billing software helps healthcare providers to automate the whole process of issuing invoices for medical services. These medical billing apps work with electronic health record (EHR) systems to capture all the billable medical services throughout the patient journey, which eliminates the risk of human error and can lead to inaccurate building. By making use of a medical billing system, big hospitals and small clinics can benefit in various ways.
Here’s how medical billing software works-
- Patients register their hospital visits at the front desk.
- Healthcare professionals verify patients’ eligibility for filing insurance claims.
- Doctors keep records of diagnosis and treatment details during the consultation.
- Medical staff tag the patient’s invoice with relevant medical codes.
- A superbill listing all medical services & their corresponding codes is provided.
- The medical professional will either file a claim with the insurance company or give the invoice to the patient.
- The claim may be either accepted, modified, or denied by the patient’s insurance.
- Based on the rules, medical professionals may have to make changes & resubmit the claim.
- Once approved, the billing department documents the amount received & collects the outstanding balance from patients.
- The current status of approved claims and outstanding receivables will be reflected in the patient’s financial records.
Healthcare professionals can use medical billing apps in different ways such as offering transparent and open access to patient status by integrating open medical billing apps with EHR, providing closed medical billing software where only one practitioner can access information and isolated billing with access given only to patients.
All-In-One Guide to Build Medical Billing Software
Listed below are some of the main steps that must be kept in mind while creating medical billing software.
1. Go for a Phase of Discovery
Ensure that you are creating an app for medical building that is easy to use for your users. That is why you need to analyse the market, examine rival software that is already in the market and get inputs from the intended audience to know what exactly they are expecting from the medical billing software that you are planning to build.
2. Know Your Goals
Once the initial research and collection of feedback are done, it’s time to gather the technical needs for the medical billing software. To do so, you can hire expert software developers and provide a record of the platform, third-party services, technological stack and app functional requirements.
Making use of the latest technology like AI and machine learning will help enhance productivity and provide innovative features in your healthcare services. You can also integrate an AI chatbot to boost engagement and achieve seamless communication.
3. Build a PoC
Creating a proof of concept is a wise choice before developing the solution as it acts as a blueprint for the design that you can use to gather genuine feedback from users. This will ensure that you make use of the best UI and UX practices to design layouts for a POC that closely resembles the final product’s appearance.
Apart from that, you can ensure that the PoC is integrated with in-app navigation and basic functionality. Show the PoC to all relevant parties and utilize it to collect input from the intended audience
4. Develop the Software
In the next stage of development, we will create a medical building software and that is where the whole development team – UI/UX designers, project managers, and backend and front-end developers work together.
5. Test Before Launch
In this phase, we ensure that the software is tested extensively to find bugs and other problems before launching it in the market and making it available to medical users. This is to make sure that the software operates as desired, check any performance issues and assess the test results to update the software if needed.
6. Software Release
In the last phase, we will launch the program and check out for any problems during the initial weeks. Make sure that your user support staff is accessible to help them around the clock.
Ensure that you are well aware of all the steps stated above before hiring a software developer or a mobile developer who can help you with your specific development needs. You may be thinking of the app cost to create an app for medical billing, the answer is it depends on several aspects like the app platform, features, and other factors. However, to get a brief idea of the cost, you can connect with our experts or use our app cost calculator for a quick estimate based on your requirements.
Key Takeaways
After going through the blog, we can see that apps for medical billing are gaining huge popularity and are here to stay in the long run. These apps not only help to streamline invoicing procedures by minimizing disparities in reimbursement but also help to facilitate timely payment. Medical bills issued on time with accuracy and conciseness will benefit patients, physicians and healthcare providers ensuring enhanced and timely healthcare services.
If you are planning to build a custom medical billing app to save time on patient registration and streamline insurance claim processing, hire expert developers from Clavax, a reliable custom software development company, known for building medical billing apps for several healthcare providers. Connect with our skilled app developers who will simplify medical billing processes for healthcare providers like you with better control, flexibility and custom solutions.