Home Health & Fitness Revenue Cycle Management with Kareo EHR

Revenue Cycle Management with Kareo EHR

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About Kareo

Kareo EHR is a medical software developed and distributed by Kareo EHR. The company has long been known to provide users with medical software solutions. Kareo has been around for quite a while and today has over 60,000 providers on its network. The software is used in all 50 states of America and has achieved a lot of milestones and awards in the years that it has been active. 

 

In this piece, we will be giving you a short run down of Kareo EHR and how this software can help you in managing your revenue cycle. This software has a lot of features which can help manage your medical practice for you! 

How Kareo can Help with Revenue Cycle Management

Coding for your Ease

One of the best things that Kareo EHR does for users is that it provides you with automatic coding so that you do not have to worry about getting the right coding for your claims. This helps you submit claims much quicker and also helps them be approved much quicker as well. All of this leads to you having a better cash flow and not having to worry about getting small details on your claims wrong which can lead to claims being rejected! 

Predict your Future Fiscal Year 

With Kareo EHR you can also predict your fiscal year, this means that you are able to look at what your financial situation is likely currently and how you will do in the future as well. This is especially important because of the fact that if you are a small practice you will definitely need to know what your financial future looks like so you can pull yourself by the bootstraps and improve in areas that need to be made better so that you can be financially stable and do not have issues. 

 

With Kareo EHR you have access to features that calculate the amount of payments you will possibly receive and the amount of money going out of your practice so you know what you need to do in order to improve your finances and where you need to make cuts and what you have to revamp in your current system to be more efficient. 

 

Consolidate Patient Payments

Patient payments are the main source of income for a medical practice and at times patients have a tough time clearing their medical bills however with Kareo EHR you can reduce this issue considerably. The software allows for you to consolidate the payments for your patients so that all their bills are added to one and then also make payment plans for them so that it is easier to pay off those bills. 

 

With this feature, you are more likely to recover payments from patients and simplify things for yourself and your patients as well. All in all, it will be very beneficial for you since it will help increase cash flow in your practice! 

Should you Invest in Kareo EHR

If you are still confused about whether or not you should use Kareo EHR software, then we can perhaps help you make that decision. While we cannot outrightly suggest any software to you since every practice has different needs and you should only go with what will be the right fit for you. 

 

The first thing you should do is make a list of all the ideal features an EHR software should have for you. Then we suggest using that list and comparing it with the features available in Kareo EHR so that you can know whether or not Kareo will fit the ideal software you want. 

 

Other than that, you should also look at as many Kareo reviews available online so that you can have a better idea of what current users of the software think of it and also know about all the pros and cons associated with it beforehand so you are not caught by surprise. 

 

And finally, we suggest asking the vendor for a Kareo EHR to see whether or not the software and its features live up to the standards you have hoped from it. Seeing the features in action is much different from merely reading about them. We are sure whatever decision you reach about Kareo EHR will have been the right decision for you and your medical practice!