Maximize Your Medisoft Experience: 6 Benefits of Switching to the Medisoft EDI Clearinghouse

With so many variables to consider, independent medical practitioners are walking on eggshells when making decisions that affect their practices. There is so much complexity to running a medical practice, and Medisoft can help!

For example, costs are increasing, and it feels like getting squeezed from all sides. So, medical practices must ensure they have mastered their billing processes to get reimbursed on time. But this is not always the case. There are challenges!

Most medical billers may find it challenging to manage claims and reimbursements efficiently. This is where a state-of-the-art clearinghouse like Medisoft EDI can make all the difference.

What is Medisoft EDI clearinghouse?

Medisoft EDI is a cutting-edge clearinghouse fully integrated with Medisoft billing software. With Medisoft EDI, billers can access tools unavailable with any other clearinghouse. As a result, the claims management process is much faster and more efficient.

Unlike other clearinghouses, billers can use Medisoft EDI to perform all major billing functions within Medisoft. The benefit is that medical practices can increase revenue and avoid costly mistakes.

At AZCOMP Technologies, we’ve helped thousands of medical practices maximize their billing process since 2000. We’re proud to offer Medisoft EDI, the clearinghouse explicitly designed to work seamlessly with Medisoft.

Medisoft EDI will help you verify eligibility faster, submit claims more quickly, manage rejections or denials easier, get reimbursements faster, and improve your cash flow.

Top 6 Reasons You Want Medisoft EDI for your Clearinghouse

Top 6 Reasons to Switch to Medisoft EDI

So, how does switching to Medisoft EDI benefit your medical practice? Here are six good reasons:

1.   Automated Eligibility Verification

With Medisoft EDI, eligibility verification is automatic and can run directly from the appointment scheduler. This means that patient demographics are automatically provided for new charts, eliminating the need for manual data entry.

Medisoft EDI allows you to schedule eligibility batches, which run on a routine basis without any manual intervention required. This feature allows you to check the patient’s eligibility without making phone calls or visiting different websites. The result is reduced time and effort needed to manage the eligibility verification process.

2.   Claims Sent Directly from Medisoft

Unlike other clearinghouses, Medisoft EDI allows a one-click direct claims submission from Medisoft. No need to log into another website or download batch files and then upload them to external websites – it’s all done automatically without leaving Medisoft.

The one-click submission feature significantly reduces the time and effort required to manage claims. You get more work done in a shorter period.

3.   Reports Automatically Download into Medisoft

Medisoft EDI automatically generates and downloads reports into Medisoft. There’s no manual intervention required. In other words, you won’t have to log into another website, download reports, and then upload them to Medisoft. This feature saves you time and effort and allows you to focus on other essential tasks.

4.   Claim Status Automatically Updates in Medisoft

One of the most frustrating aspects of claims management is waiting to find out whether a claim has been rejected.

With Medisoft EDI, claim status is automatically updated in Medisoft, so you’ll know immediately if a claim has been rejected. Automatic claim updates help you stay on top of the claims process to ensure you can take action quickly if a claim is denied.

5.   ERA Files Automatically Download into Medisoft for Electronic Posting

Electronic Remittance Advice (ERA) files can be challenging to manage, particularly if you have multiple accounts in Medisoft.

Medisoft EDI automatically downloads the ERA files and separates them by account. This eliminates the need for manual separation of data – ERA reports automatically show up within Medisoft. Just 1-click to review the ERA, and 1 more click to post all the payments and adjustments to all patients associated with that ERA file. With this feature alone, your staff will save hours.

6.   Complete Portal Visibility and Other Online Features

In addition to the above features, Medisoft EDI offers a range of other online features that can help you manage your claims more efficiently. For example, you can access a timely filing letter template to ensure that claims are submitted on time.

The Patient Responsibility Estimator and Denial Manager tools are also incredibly helpful. These tools make managing your claims easier and ensure you get paid quickly.

These are the 6 biggest ways to save time and increase productivity. But there is much more to Medisoft EDI than these 6 simple bullet items.

Overall, Medisoft EDI offers a range of features that aren’t available in any other clearinghouse. By simplifying the claims management process and reducing the time and effort required to manage claims, Medisoft EDI can help you increase revenue and improve your practice’s bottom line.

If you would love to know more about how Medisoft EDI can help your practice, contact AZCOMP Technologies today to schedule a demo and get a custom quote for your business.

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Looking to reduce rejections, improve cash flow, and get paid faster for your medical practice? Switching to Medisoft EDI, a fully integrated clearinghouse, can save you time and increase revenue. As a Medisoft user, find out why Medisoft EDI is the better option for your practice and contact AZCOMP Technologies for a custom quote and demo.