Medical Billing
With ISD Financial, Medical Practitioners have the tools they need to better track their patients’ billings, and receivables – resulting in a more streamlined practice.
ISD Financial provides the technology and tools to simplify and streamline any size and any kind of medical practice. Customized, convenient and secure cloud-based servers help offices set up and implement recurring payment systems as well as setting up structure payment plans for their patients, allowing doctors and administrators to focus one what really matters — the health and well being of their patients.
RECURRING BILLING
Save time, reduce paperwork and improve cash flow
with automatically recurring invoices.
SMART AUDIT
Smart Audit uses a sophisticated analytical software applciation which identifies, reports, and collects payer under payments on behalf of the provider.-
Based on the findings of the 2010 AMA National Health Insurer Report Card of Commerical Payers, over 15% of all claims processed by the seven largest payers are paid inaccurately at the code level.
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This results in billions of dollars in underpayments to the provider community. MGMA estimates providers are underpaid between 2% to 6% of their gross revenue.
SMART QUOTE
Smart Quote manages patient responsibity to increase cash flow, decrease bad debt, and reduce billing/statement costs, while integrating with your existing workflows.
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10 Years ago, approximately 10% of Practice Revenue came dierctly from Patients. Today, 25% to 35% of Practice Revenue comes directly from Patients. This is projected to double within the next 3 to 5 years.
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It is taking 30 to 60 days for Patients to receive their first statement. On average Patients receive 3.3 billing statements before paying with a 50% bad debt rate.
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Smart Quote:
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Allows for upfront patient “out-of-pocket” payments
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Realtime or Batch Elgibility Verification
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Improves cash flow and decreases receivables by 50%+
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Reduces patient bad debt by 50%
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Reduces Billing/Statement costs by 50%
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We are standing by.
Discover how Smart by ISD Financial can help streamline your Medical Billing to become more efficient, saving you both time and money. We are standing by, ready to hear from you and excited to grow with you.
There’s More!
Recurring Billing
Get the tools you need to track billings and payments – resulting in a simplified and streamlined business. Our program allows you to leave the billing to us and focus on what really matters – your clients.
Gift Cards
Over 50 billion gift cards are sold each year, with users spending an average of 40% more than their card values. Simple to begin and easy to maintain, gift cards offer huge benefits to your business.
Check Processing
You don’t have to turn check payers away anymore! Our check processing system allows you to accept checks like credit cards by guaranteeing the check amounts will be deposited into your account – regardless of insufficient funds.