Medisoft Billing Software for Efficient Medical Practice Management

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Medisoft billing software is a powerful tool for medical practice management, allowing you to streamline your billing process and focus on patient care.

Medisoft has been a leading provider of medical billing software for over 30 years, with a proven track record of helping medical practices increase revenue and reduce administrative burdens.

With Medisoft, you can automate tasks such as claims submission, patient eligibility verification, and payment posting, freeing up your staff to focus on more critical tasks.

By using Medisoft, you can also take advantage of its robust reporting and analytics capabilities, providing you with valuable insights into your practice's financial performance and areas for improvement.

Key Features

Medisoft billing software offers a range of features to enhance your practice's productivity and efficiency.

With Medisoft v27, you get a powerful and easy-to-use upgrade that adds new layers of functionality, making it the most powerful Medisoft version yet. This upgrade is a game-changer for your practice or billing service.

Here are some key features you can expect from Medisoft:

  • Scheduling
  • Claims submission
  • Basic practice management functionality
  • Electronic Patient Statements
  • CGM Pay for PCI-compliant payment processing
  • Credit Card Processing with ePay
  • Medical Billing and Revenue Cycle Management
  • Offsite Backup with iGuard Online Backup
  • Secure Two-way Text Messaging with Patient Communicator

Highlighted Features

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Medisoft has come a long way, and the latest version, v27, is no exception. It's packed with new features that make it the most powerful and easy-to-use upgrade yet.

The eMEDIX Patient Responsibility Estimate is a game-changer for patient care. This feature allows you to quickly run a patient's insurance eligibility for planned procedure codes, saving you time and effort.

CGM Medisoft mobile is a free application that lets you manage appointments, look up patient information, and review patient visits from anywhere at any time. This app is a huge productivity booster for medical practices.

Medisoft Basic is optimized for smaller practices that need only one user and basic account management functionality. It includes scheduling, claims submission, and basic practice management functionality.

Here are some of the key features of Medisoft, organized by version:

Patient Accounting is a key feature of Medisoft, allowing you to manage patient accounts by processing charges and payments for services or products. You can easily separate charges and payments with various billing methods such as insurance, patient payment, or worker's compensation.

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CGM Pay is a fully integrated, PCI-compliant payment processing solution for Medisoft. It gives you the flexibility to customize payment options for your patients.

Patient Responsibility Estimates are also available, allowing you to deliver better service at the point of care. This feature provides a good-faith cost estimate for planned procedures and allows you to make any patient or insurance adjustments for coverage, copays, coinsurance, remaining deductibles, etc.

The Mobile app for scheduling on iOS devices is also available, allowing you to manage appointments and patient information on the go. This feature is a huge productivity booster for medical practices.

Medisoft has several add-on options, including electronic claims, electronic statements, and credit card integration. These add-ons can help you customize your Medisoft system to meet your specific needs.

The Cloud version of Medisoft includes upgrades, one-on-one training, remote backup, and support. This version is available anywhere with an internet connection, making it a great option for medical practices that need flexibility and scalability.

Electronic claims submission capability, electronic statements, integration of credit card processing, eligibility verification, appointment reminders, ePrescribing, OCR insurance card scanning, and telehealth visits are all available in the Cloud version of Medisoft, but require an additional fee.

For more insights, see: Electronic Billing News

CGM Patient Engagement Tools

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CGM Connection is a state-of-the-art patient engagement platform that seamlessly integrates with MEDISOFT V26.

With CGM Connection, you can send automated appointment reminders as well as mass messages via SMS, email, and voice calls.

Your practice can get started quickly on CGM CONNECTION with pre-built templates. Simply choose a template, customize it to your specific needs, and you are ready to launch your patient reminders. Each message can be customized and configured using a variety of parameters including appointment date, location, provider, visit type, and much more.

Real-time results allow you to track confirmations and cancellations, giving you more control of your practice’s schedule.

Advanced Features

Medisoft Advanced offers a range of advanced features that make it the #1 solution for small practices or medical billing services.

You can perform advanced practice management functionality with just one user, thanks to the Advanced version's enhanced features.

The Advanced version includes scheduling, claims submission, reporting, and other features that allow you to effectively manage your practice or medical billing service.

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Here are some of the key features of Medisoft Advanced:

Medisoft v27, the newest release, adds new layers of functionality, making it the most powerful and easy-to-use Medisoft upgrade yet, with new features that will make a difference to your practice or billing service.

You might like: Bill Ackman New Fund

Reports

Reports are a crucial aspect of managing your practice's financial health. Medisoft offers comprehensive reporting options that help you keep track of your practice's financial situation.

With Medisoft's day sheets, you can easily monitor your daily transactions and stay on top of your finances. Aging reports help you identify outstanding payments and follow up with patients who are behind on their bills.

Medisoft's practice analysis reports provide valuable insights into your practice's performance, helping you make informed decisions to improve your business.

Advanced

Medisoft Advanced is a top-notch solution for small practices or medical billing services. It allows one user to perform advanced practice management functionality, making it a game-changer for those who need to manage their practice or billing service efficiently.

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The Advanced version includes scheduling, claims submission, reporting, and enhanced features that make it easy to manage your practice or medical billing service. These features are designed to streamline your workflow and reduce errors.

Medisoft Advanced also includes a clearinghouse solution that is purpose-built for your favorite practice management system. This means you can easily send and receive electronic claims, reducing the risk of errors and increasing the speed of reimbursement.

Some of the key features of Medisoft Advanced include:

  • Scheduling: Easily manage your schedule and appointments with Medisoft Advanced.
  • Claims submission: Submit claims electronically and track their status in real-time.
  • Reporting: Generate reports to help you track your practice's performance and make informed decisions.
  • Enhanced features: Take advantage of advanced features like eligibility verification and claims scrubbing to reduce errors and increase reimbursement.

Overall, Medisoft Advanced is a powerful tool that can help you manage your practice or medical billing service with ease. Its advanced features and user-friendly interface make it an excellent choice for those who need to streamline their workflow and reduce errors.

Frequently Asked Questions

What is Medisoft billing?

Medisoft billing is a cloud-based medical billing software that helps healthcare offices manage revenue cycle and submit insurance claims efficiently. It's a popular choice for practices seeking streamlined billing and accounting solutions.

What is the most used medical billing software?

According to industry trends, AdvancedMD is one of the most widely used medical billing software solutions, offering efficient electronic claim submission and streamlined processes. Its popularity among healthcare providers is a testament to its effectiveness in managing medical billing tasks.

How much is medical billing software?

Medical billing software costs can range from $69 to $600 or more per user per month, depending on the platform and features. Find out which options fit your budget and needs by exploring our guide to medical billing software pricing.

Is Medisoft an eMR system?

Medisoft Clinical is not an eMR system, but rather an integrated EHR and practice management solution. It's designed for independent physicians to streamline their clinical and administrative workflows.

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

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