One of the most common causes for inaccurate or lost billing is that physicians find it difficult to record all patient encounters at the end of the day, especially when they visit hospitals or other clinics. It may seem simple that physicians bill for each of the services they provide. OmniMD, a developer of network based solutions, say that practices lose thousands of dollars yearly as a result of missed charges without realizing it. According to an estimate, physicians forget to record up to 20% of patient encounters, meaning they don't get paid for them. Physicians can reduce lost charges, denied claims, and time-to-billing rates by using automated charge capture mechanism at the point of care.
The company has announced another piece of software to its framework of software and services, the OmniMD Charge Capture. The software allos allows charge capture and creation of electronic superbills right at the point of care. Using a Pocket PC, physicians can record charges on the fly, create electronic Superbills and then export the data directly into their practice's billing software. Physicians will also be able to send electronic Superbills directly to their billing service provider, instead of sending paper-based Superbill. This ensures greater accuracy, avoidance of missed charges and quicker initiation of the billing process.