Kareo Billing Software: A Comprehensive Guide for Medical Practices

Are you a healthcare provider searching for a reliable billing solution that can streamline your revenue cycle management? Look no further than Kareo Billing Software. In this article, we’ll explore everything you need to know about Kareo’s billing software and how it can help your medical practice.

What is Kareo Billing Software?

Kareo Billing Software is a cloud-based medical billing software designed to help healthcare providers streamline their revenue cycle management. Kareo’s software includes features such as claims submission, payment processing, eligibility verification, and patient portal. The software is designed for medical practices of all sizes, from solo practitioners to large group practices.

Features of Kareo Billing Software

Patient Portal

Kareo’s patient portal allows patients to view their medical history, appointment schedule, and pay bills online. Patients can also communicate with their healthcare providers securely through the portal. The patient portal is HIPAA compliant and accessible through mobile devices and desktop computers.

Eligibility Verification

Kareo’s eligibility verification feature allows healthcare providers to check patients’ insurance eligibility and benefits before their appointment. This helps to reduce claim denials and improves the accuracy of patient billing.

Claims Submission

Kareo’s claims submission feature allows healthcare providers to submit claims electronically to insurance companies. The software includes a claims scrubber that checks claims for errors before submission, reducing the likelihood of claim denials and delays.

Payment Processing

Kareo’s payment processing feature allows healthcare providers to accept payments from patients online through the patient portal. The software also includes features such as automatic payment posting, payment reminders, and payment plans.

Analytics and Reporting

Kareo’s analytics and reporting feature provides healthcare providers with real-time insights into their practice’s financial performance. The software includes customizable reports that can help identify revenue opportunities and areas for improvement.

Benefits of Kareo Billing Software

Streamlined Revenue Cycle Management

Kareo’s billing software streamlines the revenue cycle management process, reducing the time and effort required to manage patient billing. The software automates tasks such as claims submission, payment posting, and patient communication, allowing healthcare providers to focus on patient care.

Improved Patient Satisfaction

Kareo’s patient portal improves patient satisfaction by providing a convenient and secure way for patients to manage their healthcare information and communicate with their healthcare providers. Patients can view their medical history, appointment schedule, and pay bills online, reducing the need for phone calls and paperwork.

Increased Revenue

Kareo’s billing software can help increase revenue by reducing the likelihood of claim denials and delays. The software includes features such as a claims scrubber and eligibility verification that improve the accuracy of patient billing and reduce the time it takes to get paid.

Reduced Billing Errors

Kareo’s billing software reduces billing errors by automating tasks such as claims submission and payment posting. The software also includes features such as a claims scrubber that checks claims for errors before submission.

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How to Get Started with Kareo Billing Software

Pricing and Plans

Kareo offers a range of pricing plans to fit the needs of medical practices of all sizes. The basic plan starts at $80/month and includes features such as claims submission, payment processing, and patient statements. The advanced plan, which starts at $160/month, includes additional features such as eligibility verification and analytics and reporting.

Setting up Kareo Billing Software

Setting up Kareo billing software is a straightforward process. Once you’ve signed up for a plan, you’ll be given access to the Kareo dashboard, where you can set up your practice’s billing information and customize your billing settings.

Integrating Kareo Billing Software with EHR

Kareo billing software integrates seamlessly with Kareo’s EHR software, allowing healthcare providers to manage patient care and billing from a single platform. The software also integrates with a range of third-party EHR systems, making it easy to switch to Kareo’s billing software without disrupting your practice’s workflow.

Kareo Billing Software vs. Competitors

Kareo’s billing software is a popular choice for healthcare providers due to its user-friendly interface, robust feature set, and affordable pricing. However, there are several competitors in the medical billing software space, including Practice Fusion, AdvancedMD, and DrChrono. Before selecting a billing software, it’s important to evaluate the features and pricing of each option to ensure it meets the needs of your practice.

Frequently Asked Questions

1. Is Kareo billing software HIPAA compliant?

• Yes, Kareo’s billing software is HIPAA compliant.

2. Can Kareo’s billing software integrate with my EHR system?

• Yes, Kareo’s billing software integrates with a range of third-party EHR systems.

3. How does Kareo’s eligibility verification feature work?

• Kareo’s eligibility verification feature allows healthcare providers to check patients’ insurance eligibility and benefits before their appointment, reducing the likelihood of claim denials and improving the accuracy of patient billing.

4. Can patients pay their bills online through Kareo’s patient portal?

• Yes, Kareo’s patient portal allows patients to view their medical history, appointment schedule, and pay bills online.

5. How much does Kareo’s billing software cost?

• Kareo offers a range of pricing plans starting at $80/month for the basic plan and $160/month for the advanced plan.

Conclusion

Kareo billing software is a comprehensive solution for medical practices of all sizes looking to streamline their revenue cycle management. The software includes features such as claims submission, payment processing, eligibility verification, and patient portal, all designed to improve the accuracy of patient billing and reduce the time and effort required to manage patient billing. With its affordable pricing plans and user-friendly interface, Kareo’s billing software is an excellent choice for healthcare providers looking to improve their revenue cycle management.