Grasping the Importance of Medical Billing and Accounting Software

Posted On: Tue, Dec 15, 2020

Healthcare is essential. Everyone gets sick and is entitled to adequate healthcare treatment when needed. Serving a wide range of patients of different ages and conditions, it is understandable that the healthcare industry offers vast services, complies with complex statutory requirements, and handles stressful environments daily.

According to a Copatient State of Medical Bill Confusion survey, approximately 72% of clients in the US do not understand the medical bill they received, and 94% believe their bill was too expensive. The global healthcare market, which is projected to reach 12 trillion US dollars by the end of 2022 (and even higher now due to the ongoing pandemic), is struggling to create a meaningful connection with the consumer when it comes to billing for medical services and wellbeing.

Medical billing is a complicated topic for the patients, but what about you, the provider that operates in this industry?

Original Source: https://blog.trginternational.com/medical-billing-and-accounting-software