Claimocity Claims
Best Hospitalist Practice Management Features
The practice management software you choose to process patient claims and handle patient administrative records will be an integral part of your operations.
- 66% of over 228 Hospitalists polled in a 2019 study express medium to high levels of dissatisfaction with their current PM software.
- 88% report systematic inefficiencies including a periodic lack of proper support and insufficient access to the right tools and performance insights.
We switched our practice management software to Claimocity simply because you can’t know where to focus your efforts if you aren’t sure what is or isn’t working.
Why Charge Capture and RCM Software are Critical
Why Charge Capture and RCM Software are Critical
There is a huge gap between the EHR software that tracks patient records and general business management tools. Too many physicians and practice owners choose their medical billing software last, despite being the lynchpin of most hospitalist practices. While EHRs and business accounting have established workflows, charge capture has plenty of wrinkles that are specific to inpatient care and hospitalist revenue cycle management.
From detecting underpayments to managing claim denials, this software is often make-or-break for a financially healthy practice and your own levels of professional fulfillment. From AI-powered charge capture recommendations to automated and ongoing RCM audits, Claimocity’s platform was built specifically for hospitalists and inpatient care providers.
More Types of Practice Management Software
More Types of Practice Management Software
MEDICAL CHARTING SOFTWARE
Claimocity works alongside facility EHRs to give inpatient providers a more efficient workflow for documentation, charge capture, and billing. Providers can continue using their hospital or facility EHR while taking advantage of Claimocity’s integrated tools and facility connections. For select workflows, Claimocity also integrates directly with EHR platforms such as PointClickCare, enabling providers to access patient information, document care, and securely share completed notes with the facility.
BUSINESS AND TAX FILING SOFTWARE
What’s involved here? It all depends on the complexity of your business activity and legal structure. Hospitalist contractors are most often sole proprietors who may need to do little more than file 1099s and maintain malpractice insurance to protect their personal assets. S-Corps are a popular business structure often recommended by tax and accounting professionals to save on employment taxes. LLCs and C-Corps come with heavier business and tax accounting needs but can benefit medical practices with larger expenses and growth-minded financing.
PAYROLL SOFTWARE
Many medical practices also benefit from this type of PM software when they start hiring employees. Quarterly estimates and end-of-year tax returns are inevitable. Once you start hiring employees with monthly reporting and tax payment requirements, you’ll want this type of software support. Grow too much and these requirements can become weekly or even semiweekly!
How to Choose a Practice Management Platform
How to Choose a Practice Management Platform
Managing a medical practice isn’t done with a free software download. You want a medical billing platform that is easy to use and easy to understand, while also providing all the features you need to manage your practice.
- Implementation and Ongoing Support: Make sure a support team is available in case you ever need them, especially during the initial data transition and learning phases.
- Intuitive Interface: The best options are designed with the end user in mind and are not a headache to operate on a daily basis. Everything from shortening learning curves to maximizing operational value is impacted by the intuitive nature of the software.
- Functionality: Make sure that the features and functions offered align with your top and mid level needs to ensure that you are getting the tools you need to do the job.
- Analytics and Benchmarks: Reporting is often overlooked as a basic element included across the board but the level of physician performance insights, KPI tools, financial evaluations, comparative analyses, benchmarks, goal tracking, and segmented analytics reporting will make a big difference.
- Aesthetics: Though you may think this is something less important than the rest, studies show that aesthetically pleasing designs enhance the user experience and correlate with increases in daily efficiency and functionality.
Why So Many Hospitalists Choose Claimocity
Why So Many Hospitalists Choose Claimocity
Not only are we the first and only software designed exclusively for Hospitalists, but we meet or exceed the other options on the market in every category.
From a barcode scanner for auto-importing patient demographics to a high-function UI/UX user design to industry leading revenue cycle benchmarks thanks to a world class billing team and our type 2 artificial-intelligence enhanced smart software and big data analysis that allows us to feature the first of its kind smart census, a revolutionary point of care claim tracker with on the spot payment estimations and dates, and our proprietary level coding optimizer to reduce under- or over-coding.
Plus, Claimocity features a Practice IQ reporting section for analytic evaluations, 24/7 concierge-level billing and software support, HIPAA secure messaging, and a dozen more core tools.
Mobile Practice Management for Hospitalists
Mobile Practice Management for Hospitalists
Best of all, our intuitive medical billing and charge capture app enables you to access these features on any mobile device. This includes getting AI charge capture recommendations made in real-time while on your rounds.
From smart filters through our proprietary rules engine to error analysis and claim resolutions through enhanced historical pattern analysis and algorithmic statistical modeling, we have designed every tool a Hospitalist needs to maximize revenue and then turbocharged their efficiency levels to unrivaled levels in order to save high-value daily time and effort.
If you are interested in learning more or setting up a test run of the software to experience the difference for yourself, just reach out to one of our specialists or set up a quick and painless demo.
Claimocity is where innovation meets excellence, empowering you to elevate
patient care and streamline practice management effortlessly.
