What You Need to Know About Medisoft

Medisoft is a medical billing software suite developed by McKesson Corporation. It allows health care professionals and billing professionals to manage and submit insurance claims and patient accounts receivable. Medisoft runs under a Windows operating system, and is sold through authorized resellers, as well as directly through McKesson, which continuously updates the software to reflect changes in healthcare and insurance. There are several different versions and applications that make up the Medisoft suite.

The Core Payment Application

Medisoft’s core software is the financial management application, which monitors patient accounts and helps manage past due accounts, collections, patient co-pays and write-offs. The software has the capability to set up payment plans and provide warnings when accounts receivable reach set thresholds. Medisoft can handle multiple fee schedules, print invoices and billing notices and provide cash flow reports and financial data in real time, making it easy for medical professionals to make decisions about their practices.

Medisoft Patient Accounting is the basic application, which can be run on one computer. It handles HIPAA transactions and billing code requirements, and automates the process of scheduling patients and entering payments. Medisoft Advanced adds more features and capabilities to the basic Patient Accounting software, including real time alerts about outstanding balances when a patient calls, billing capabilities, insurance billing and other vital medical accounting tasks.

Medisoft Clinical EMR combines medical billing features with electronics records. It makes it easy for practitioners to manage patient care by providing a full overview of all patient contacts, prescription records, medical records and billing records. Medisoft EMR can also provide automatic alerts based on age, sex and other factors to recommend patient check-ups and tests.

Medisoft also provides an income opportunity for resellers and for those who provide medical billing services to physicians and other medical professionals. With more than 500,000 medical professionals in the U.S., there’s a ready market for individuals and businesses who provide outsourced medical billing services. While large practices, hospitals and clinics generally have their own billing centers, more and more mid-size and small medical and dental offices are outsourcing their accounting and billing operations so that their office staff can focus on patient care.

Medisoft Patient Accounting and Medisoft EMR electronic medical records software combine to provide all the advantages of a fully integrated medical software solution. It’s the ideal software suite for medical practices of all sizes in any specialty, and offers an avenue to independence for home entrepreneurs and small business people looking for a business with excellent growth and market potential.