Users Say New AdvancedMD® Version 5.6
Saves Time and Money
AdvancedMD v5.6 Further Automates
and Streamlines Claims Management Information and Processes
SALT LAKE CITY (Business Wire EON/PRWEB ) July 8, 2008 --
AdvancedMD Software Inc. (www.advancedmd.com),
the leading provider of Web-based
practice management solutions for physician offices, management
services organizations and medical billing services, announced today
that, in response to physicians’ ongoing need
for greater efficiency and tools for reducing exclusions, denials and
rejection of claims, several enhancements have been made to its award-winning
medical practice management software.
The product’s new features address the
significant decline that physicians’ revenues
in the U.S. have experienced as a result of lower, and more costly,
reimbursements from denied claims, claim appeals, and increased
administrative/operating expenses. Operating costs for multi-specialty
practices have increased an average of 20 percent since 2004 according
to Physicians Practice magazine. AdvancedMD v5.6 is designed to
combat these issues. Included in the new release are several
enhancements that reduce billing errors and claim rejections including
integrated batch and on-demand eligibility checking, automatic worklists
from payor reports, enhanced rebill filtering options and time-based
global period information.
“AdvancedMD v5.6’s
worklisting feature for payor reports creates an end-to-end claims
management dashboard right within the billing application,”
said Ken Meyers, vice president of operations at AdvancedMD. “There’s
no need to go to payor or clearinghouse websites to manage edits or
rejections, and the actions you take are within your billing operation
so there’s no synchronization issues either.”
“Integrated eEligibility is the ultimate
feature in our quest for clean claims,” said
Dan Williams, President of Seattle-area outsourced medical billing firm
Great Acclaim LLC. “AdvancedMD v5.6 is now
pre-checking insurance eligibility for more than 70 percent of our
clients’ established patients. That’s
a very welcome reduction in the age-old ‘Has
anything changed?’ question at the front desk.”
Williams expects that eEligibility will save his clients one person-day
per month for each full time employee at the front desk and reduce their
rate of denials by about 30 percent. “Bad
patient demographics is a major source of denied claims,”
said Williams, “and since each claim with an
eligibility problem takes us about 20 minutes to remediate, prevention
is the name of the game.”
As with all AdvancedMD software enhancements, updates and upgrades are
free; users aren’t required to initiate any
action. All system upgrades are performed by AdvancedMD.
More information on the AdvancedMD® v5.6
upgrade is available at www.AdvancedMD.com.
In addition, representatives from AdvancedMD and product users who have
been using the beta version for the last month discuss the upgrade on a
podcast which is available at http://www.podango.com/podcast.php?podcastId=3154.
About AdvancedMD Software
AdvancedMD Software,
Inc., headquartered in Salt Lake City, Utah, is the leader in Web-based medical
billing and practice management software. AdvancedMD Software brings
to market AdvancedMD®,
a full-featured medical billing and scheduling solution and AdvancedEMR®,
a flexible electronic medical records management system. AdvancedMD
solutions include free technical support, world-class security, and
fully HIPAA compliant
accessibility. For more information please visit www.advancedmd.com.
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