Electonic Medical Billing

Six benefits of the VEDA e-biller system

30 Mar 2009 by FMP Limited

Six benefits of the VEDA e-biller system Switching from a paper-based billing system to Healthcode’s VEDA e-biller is a big change, but it’s sure to help improve your office environment and make life easier for you, a busy private specialist. If you’re unsure about switching systems, consider the following perks that VEDA can offer. Reviewing the enormous benefits of e-billing will help make the decision to switch an easy one. 1. Healthcode’s VEDA e-biller saves time and cuts expenses. For starters, switching to VEDA is a good decision for the financial health of your practice. With VEDA, you’ll be able to eliminate the costs of upkeeping a manually run billing department. The e-biller also saves you time, which you can spend doing important things other than billing, like caring for your patients. 2. Get direct connections to insurers. VEDA allows for instant communication between specialist’s offices and the people who will pay their bills--insurers. So with the VEDA system, you don’t have to worry about getting in touch with private medical insurance companies; these insurers are available at your fingertips. 3. VEDA drives efficiency. You won’t need to supervise a huge billing department with VEDA taking care of the bills, so your staff will have more time to focus on other aspects of your practice. This means things can get done faster and more effectively. 4. Security is guaranteed. These days, identity theft is a big concern. Patients may be reluctant to give personal information out of fear that it will be lost or stolen. But with VEDA, you never have to worry about the security of your claims or your patients’ information. The secure online server is guaranteed to keep documents confidential, unlike paper bills, which are a much less protected medium of communication. Only those people with access to your database will be able to view your practice’s information. 5. Wait less for payments. Cheques will arrive faster after billing with the VEDA electronic system because the payment process is synchronised with insurers. And you’ll always know where your payment is within the system because VEDA creates receipts for each invoice created, so claims can be tracked. 6. Bills are validated rapidly. VEDA checks to make sure every bill is completed correctly through its fast validation process. This way, only bills with all the required information in correct form are submitted to insurers. The system also lets you know if a change needs to be made before a bill can be sent, virtually eliminating errors in billing. If these benefits sound good, why not give the VEDA system a try? From the start, you’ll notice how the ease of a VEDA-billed practice improves the quality of your office environment.