Kareo billing software can significantly reduce the time spent on medical billing tasks, freeing up staff to focus on patient care.
With Kareo, you can automate many tasks, such as eligibility verification and claims submission.
This can lead to a substantial reduction in billing errors, which can be costly and time-consuming to correct.
Kareo's cloud-based platform is also highly secure, with multiple layers of protection to safeguard sensitive patient data.
Here's an interesting read: Online Real Time Bill Payment
Key Features
Kareo Billing software offers a centralized hub, known as the billing dashboard, that provides a snapshot of daily essential tasks and key performance indicators. This dashboard allows medical providers to access patient records, track tasks, schedule appointments, and store documents directly from the dashboard.
The software streamlines the billing process by uploading patient demographic data, supporting documents, and verifying insurance eligibility. It also incorporates smart checks to facilitate smooth claims processing.
Kareo Billing offers comprehensive charge management, ensuring that charges are accurately captured and managed. It is ICD-10 compliant, providing integrated tools for selecting the correct codes to enhance billing and reduce resubmissions.
The software features a secure messaging system that facilitates secure communication between patients, providers, employees, and billers when issues arise. It also offers seamless integration with intuitive billing analytics, empowering practice managers to assess the financial health of their practice through comprehensive reports.
Here are some of the key features of Kareo Billing software:
- Electronic claims submission to over 8,000 government payers and commercial insurance companies
- Real-time claim processing reports with status updates
- Verification of insurance benefits during patient registration and appointment scheduling
- Customizable scheduling and appointment management
- Automatic reminders to patients to reduce no-shows and improve attendance
- Secure messaging system for communication between patients, providers, employees, and billers
- Comprehensive charge management with ICD-10 compliance
- Seamless integration with billing analytics for informed decision-making
Kareo Billing also offers a cloud-based data storage system, ensuring that all data is securely stored and accessible from anywhere. The software automates key processes such as claims processing and insurance denials, reducing administrative burdens and improving overall revenue cycle management for healthcare providers.
Benefits and Support
Partnering with a support team can make all the difference when it comes to managing Kareo billing software. They can help you manage workflows flawlessly.
Transcure's team of experts can manage Kareo clinical EHR workflows for providers, helping them submit accurate claims. This leads to faster reimbursements and an efficient revenue cycle.
Error-free submissions can lead to greater financial outcomes and alignment with value-based care models. By partnering with Transcure, you can achieve undisturbed EHR/EMR support.
Our team understands the workflows of Kareo medical billing software and provides complete support to providers. They manage the billing and coding process to improve financial health.
Here are some benefits of working with a support team:
- Maximize financial wellness
- Make workflows efficient
- Reduce claim rejections
- Achieve error-free billing
By having a team manage your Kareo billing software, you can reduce the stress and time spent on administrative tasks. This allows you to focus on what matters most – providing quality care to your patients.
Services and Pricing
Kareo Billing software offers a fixed monthly cost with no startup costs, cancellation fees, or charges for office staff to use the software.
The cost of Kareo Billing varies depending on the type of client and chosen modules, with physician and optometry clients facing monthly costs ranging from $150 to $300.
Physician and optometry clients can expect the billing module to be the priciest component, with costs ranging from $150 to $300 per month.
Therapists and non-MD clients enjoy a more budget-friendly monthly rate of $50 to $150 for the modules.
Subsequent modules come at a 50% discount after the initial purchase, but there are no discounts for additional providers.
Kareo offers a free demo, which can be a helpful alternative to a free trial.
The company's pricing is customizable and varies based on the practice's size, type, and billing requirements, so a personalized quote is necessary to determine the exact cost.
Kareo Medical Billing pricing is offered in two plans, but the vendor doesn't provide a clear breakdown of the costs for these plans.
Medical billing experts at Kareo are well-versed in the processes of the Kareo software and can help providers solve billing and coding problems to overcome challenges.
Challenges and Solutions
Providers often struggle with reimbursement issues due to under-optimized areas in the billing process.
Kareo billing support helps identify problems in billing and rectify these issues, leading to an efficient revenue cycle process.
With Kareo, practices can focus on patient care, knowing that reimbursement issues are being addressed.
Here are some benefits of using Kareo billing software:
- Identify problems in billing
- Focus on patient care
- Get seamless reimbursements
- Optimize cash flow
Drawbacks
Kareo's older platform architecture is a major drawback, causing frequent downtime that disrupts clinicians' work.
Frequent downtime can be frustrating and time-consuming, especially when clinicians are trying to upload data.
Clinicians have reported slow transfer speeds, which can lead to incomplete data uploads and missing information.
This can result in lost productivity and wasted time, which can be avoided with a more reliable platform.
Users have reported subpar customer service from Kareo, citing a lack of follow-up when issues are reported.
Recurring problems have been known to bounce between multiple departments without being resolved, leaving users feeling unsupported.
Solve Reimbursement Issues
Automating business processes in Kareo can help medical practices streamline their operations and reduce the risk of errors in billing and patient scheduling.
Kareo medical billing support can identify problems in the billing process and rectify them, leading to an efficient revenue cycle process.
Using RPA in Kareo can automate tasks such as data entry, billing, and patient scheduling, freeing up staff to focus on more high-level tasks.
By optimizing cash flow, medical practices can ensure they receive seamless reimbursements and don't lose revenue due to under-optimized areas in the billing process.
Our experts at Thoughtful can help practices identify loopholes in billing and rectify them, making sure providers don't lose revenue.
Here are the benefits of Kareo medical billing support:
- Identify problems in billing
- Focus on patient care
- Get seamless reimbursements
- Optimize cash flow
Success in Numbers
Collecting more money, faster is just one of the many benefits of using Kareo billing software.
Higher capacity, less headcount is a reality for many practices that switch to Kareo.
With Kareo, you can acquire and retain more patients, which is a huge advantage in today's competitive healthcare market.
Here are some specific numbers to illustrate the success of Kareo billing software:
EMR and Integration
Transcure's team of experts manages Kareo clinical EHR workflows to help providers submit accurate claims.
Having a team of experts manage your EHR workflows can lead to faster reimbursements and an efficient revenue cycle.
Error-free submissions are crucial for achieving greater financial outcomes and staying aligned to value-based care models.
Final Verdict
Kareo Billing's fixed cost is an affordable option. It's worth considering if you're looking for a budget-friendly solution.
Multiple support options are available, including various plans based on the number of chosen modules. This flexibility can be a major plus for businesses with unique needs.
However, poor customer service has been reported by some users. This is a significant drawback that can't be ignored.
Occasional downtimes due to an aging platform are another area where Kareo falls short. This can be frustrating and impact productivity.
While Kareo Billing has some appealing features, the negatives may outweigh the positives. It's essential to weigh the pros and cons before making a decision.
Frequently Asked Questions
What is Kareo called now?
Kareo is now known as Tebra, a result of a merger and rebranding effort to deliver an enhanced all-in-one EHR solution.
What is the most used medical billing software?
According to industry trends, AdvancedMD is one of the most widely used electronic medical billing systems, helping healthcare providers streamline insurance claims and administrative tasks. Its popularity stems from its user-friendly interface and efficient claim submission process.
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