What is Straight Through Billing?
Straight Through Billing
Straight Through Billing integrates billing process within the practice management workflow, connecting patient scheduling, care delivery, and medical record management. Every participant of the practice management workflow receives a unified and coherent picture of practice workload, patient and provider location, resource availability, and cash flow. Straight Through Billing requires integrated technologies for Electronic Medical Records (EMR) and Straight Through Billing.
Straight Through Billing Technology
Straight Through Billing technology streamlines and expedites billing process by automating claim validation, payer message reconciliation, and billing workflow management. First, automated claim validation eliminates errors downstream and reduces processing time because it flags errors before submitting the claim to payer. Next, automated claim-message reconciliation eliminates costly search for the original claim and standardizes message communication, further eliminating the need to decipher the (often cryptic) payer's message. Finally, billing workflow management drives the followup discipline required for resolution of claim denial and underpayment incidents and establishes high degree of process transparency for all billing process participants, resulting in full and timely payments.
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