Users say new AdvancedMD version 5.6 saves time and money

dvancedMD v5.6 further automates and streamlines claims management information and processes

Salt Lake City, Utah (June 15, 2008) –

AdvancedMD® Software, Inc. www.advancedmd.com, the leading provider of Web-based practice management solutions for physician offices, management services organizations and medical billing services, announced today that, in response to physician’s ongoing need for greater efficiency and tools for reducing exclusions, denials and rejection of claims, several enhancements have been made to its award-winning medical practice management software.

The product’s new features address the significant decline that physicians’ revenues in the U.S. have experienced as a result of lower, and more costly, reimbursements from denied claims, claim appeals, and increased administrative/operating expenses. Operating costs for multi-specialty practices have increased an average of 20 percent since 2004 according to Physcians Practice magazine. AdvancedMD v5.6 is designed to combat these issues. Included in the new release are several enhancements that reduce billing errors and claim rejections including integrated batch and on-demand eligibility checking, automatic worklists from payor reports, enhanced rebill filtering options and time-based global period information.

“AdvancedMD v5.6’s worklisting feature for payor reports creates an end-to-end claims management dashboard right within the billing application,” said Ken Meyers, vice president of operations at AdvancedMD. “There’s no need to go to payor or clearinghouse websites to manage edits or rejections, and the actions you take are within your billing operation so there’s no synchronization issues either.”

“Integrated eEligibility is the ultimate feature in our quest for clean claims,” said Dan Williams, President of Seattle-area outsourced medical billing firm Great Acclaim LLC. “AdvancedMD v5.6 is now pre-checking insurance eligibility for more than 70 percent of our clients’ established patients. That’s a very welcome reduction in the age-old ‘Has anything changed?’ question at the front desk.” Williams expects that eEligibility will save his clients one person-day per month for each full time employee at the front desk and reduce their rate of denials by about 30 percent. “Bad patient demographics is a major source of denied claims,” said Williams, “and since each claim with an eligibility problem takes us about 20 minutes to remediate, prevention is the name of the game.”

As with all AdvancedMD software enhancements, updates and upgrades are free; users aren’t required to initiate any action. All system upgrades are performed by AdvancedMD.

More information on the AdvancedMD® v5.6 upgrade is available at www.AdvancedMD.com. In addition, representatives from AdvancedMD and product users who have been using the beta version for the last month discuss the upgrade on a podcast which is available at here.
About AdvancedMD Software

AdvancedMD delivers a market-leading Software-as-a-Service (SaaS) medical practice management and billing platform to 13,000 providers and 270 billing service providers nationwide. Because AdvancedMD processes more than 1M claims per month for 85 specialties, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect the changes, enabling successful claims performance. Customers achieve first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. The company’s all-in-one solution eliminates hardware and software license purchases while customers enjoy the freedom of no long-term contracts and one all-inclusive monthly fee. This subscription includes unlimited phone and email support from a team of healthcare and billing experts, free online training, enterprise-class data center security, automated hourly offsite backups of patient data and 99.9 percent uptime. The user interface is intuitive and easy to learn, enabling employees to become proficient faster. Comprehensive HIPAA compliance exceeds the capabilities of client-server practice management software, especially in the areas of patient data protection and backup. AdvancedMD enables billing service providers with centralized management of multiple clients and virtual staff no matter where they are located across the globe. AdvancedMD clients recognize immediate improvements to their financial performance through timely and accurate claims processing with workflow efficiency. For more information, please visit www.advancedmd.com.

Source: AdvancedMD