The issue of cost is likely the rawest nerve in healthcare. Costs are and have long been rising. It is felt in every practice and by every provider, every staffer and every medical billing professional. Increasingly, cutting costs is essential not merely to growth but to survival.
So, how to do that? Where are costs centered? What costs can be cut? Can any be cut in a way that benefits the practice? These are important questions. So is this one:
Does medical billing software have to cost thousands of dollars?
In a word, no. A secure, web-based medical billing “software as a service” with just a simple, affordable monthly fee replaces the cost of expensive software and licenses… and the myriad other costs associated with implementing it. Site licenses. Floor space. Servers, hard drives and other hardware. Security and backup protocols. IT staffing. Power and cooling. Installation. Training. With Kareo’s pay-as-you-go web-based software, these considerable costs disappear. But they aren’t the only ones.
In what other ways is your billing software costing you?
In the quest to cut costs, non-web-based medical billing software could be undermining your efforts in still other ways. Labor (also known as “time”) is at the top of that list, of course. Long-term contracts require time for review and consideration, and likely the valuable time of an attorney. Some billing software packages are more challenging (read: “time-consuming”) to learn than others. Also, not all billing software is designed for maximum efficiency of use… or for full utilization of time-saving electronic claims processes.
Kareo’s intuitive design, frequent upgrades (at zero cost!) and robust support for implementation, training and customer service all help reduce labor hours in the practice. Some practices report dramatic reductions in the their overall medical billing costs. Even streamlined reporting and seamless integration play a role, saving steps and facilitating easier and faster processes… with fewer time-consuming errors. Easy to learn, easy to use and designed for speed and accuracy, Kareo makes medical billing not simply easy but less costly.
Wendy Thacker of Dickson Orthopaedics & Sports Medicine says that she tried Kareo after using a billing service and Advanced MD, and found that Kareo was half the cost of other solutions.
So, how much should medical billing software cost?
Well, first and foremost, it should provide the maximum benefit for the barest minimum of cost. For this, thousands of practices have turned to Kareo’s web-based, monthly, affordable, sign-up-and-go, intuitive, robust and cancel-anytime software. In today’s healthcare environment, why would you work more efficiently and maximize collections while saving thousands in software and related costs?
To learn more about Kareo and how it can make medical billing easy for your practice, register now for our next demo webinar on March 29. You’ll see a full demonstration of the system and get answers to your questions about how Kareo can work for you.