IT Knowledge What are 3 different types of billing systems in healthcare software outsourcing in Ho Chi Minh City?

What are 3 different types of billing systems in healthcare software outsourcing in Ho Chi Minh City?

Medical billing is a critical component of the healthcare industry. In the healthcare industry, there are three types of medical billing systems. In this article, our healthcare software outsourcing in Ho Chi Minh City will give you a better understanding of them all as well as a better appreciation for the medical billing industry as a whole.

1. Closed medical billing system

A closed system does not permit transfers. In the context of medical billing systems, this means that this system is focused on a single practice. Using EMRs, or electronic medical records, in your practice is the most obvious example of a closed system. EMRs are essentially digital versions of traditional paper charts. While this is still used in modern practices, it is mixed in with other types of records. EMRs are, as the name implies, closed systems. They do not permit collaboration with other doctors or medical facilities (i.e. labs, urgent care, etc.).

healthcare software outsourcing in Ho Chi Minh City

Figure 1. With closed billing systems, data stay private between specified clinicians

Closed medical billing systems are useful for small stand-alone practices with fewer physicians. However, if customers need to outsource revenue cycle management to a vendor, our healthcare software outsourcing in Ho Chi Minh City can convert the system to an open one.

2. Open medical billing system

In today’s healthcare industry, the most common type of medical billing system is an open medical billing system. It enables multiple healthcare providers to access a patient’s records. It also enables healthcare professionals to share information across multiple specialty practices or facilities. Every patient is given an EHR (electronic health record) number, also known as an EMR (electronic medical record) (electronic medical record). In this system, the patient’s medical history follows them electronically no matter what type of doctor they see.

healthcare software outsourcing in Ho Chi Minh City

Figure 2. An open billing system allows for transfers across healthcare professionals, practices, facilities

With this model, any doctor in the network can update the record, and any other healthcare provider in the network can review the notes. However, this is only done if it is done in conjunction with providing medical care to the patient. Many compliance issues must be followed within this type of system, which does not allow anyone with access to the records to review them arbitrarily.

An open medical billing system can benefit large healthcare organizations with multiple departments because it provides flexibility. If a company is considering outsourcing medical billing to a third-party vendor, it should switch to an open billing system. It enables them to send data to outsourced medical billing professionals.

3. Isolated medical billing system

A closed medical billing system does not provide sufficient security for everyone. For the most privacy protection, our healthcare software outsourcing in Ho Chi Minh City usually suggests building an isolated billing system. Medical records cannot be kept at any healthcare facility or medical practice under this system. All of the patient’s medical records are kept by the individual. Doctors and other healthcare providers will be in charge of updating and managing those records. The physical records, on the other hand, are always in the patient’s possession. Medical professionals who use these systems must have software that allows them to update a patient’s records while retaining no information.

healthcare software outsourcing in Ho Chi Minh City

Figure 3. With an isolated medical billing system, patience manage their data

Isolated systems, as said before, are only for the use of patients. Only electronic medical records (EMRs) and electronic health records (EHRs) are legally recognized. PHRs will never be able to replace them.

Conclusion

Every system has advantages and disadvantages. All healthcare providers would benefit from using a system that allows them to interact with all three types of billing systems. If you still wondering which type of billing system is more suitable for your organization, our healthcare software outsourcing in Ho Chi Minh city is ready to help.

Sources: Internet    

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