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Medical Billing Services Increase Their Profitability by Using Iridium Suite

Companies mentioned in this article: Medical Business Systems

RENO, NV -- (Marketwired) -- 05/14/14 -- Cloud-based Iridium Suite practice management system is the preferred billing software for medical billing services.

There are many factors which make Iridium Suite the best choice for billing services, perhaps chief among them that Medical Business Systems (MBS) is one of few medical billing software providers who do not offer medical billing services. Therefore MBS' medical billing service clients can rest assured that MBS will never approach their customers in a competitive way. This enables MBS to partner with its billing service clients in a mutually beneficial manner.

In addition, Iridium Suite's Biller Efficiency Reports are unique in the industry, allowing business owners to analyze the productivity of their billing staff as individuals. The ability to view accurate data on a per biller basis gives the proprietor the power to make staffing decisions based on hard data. Measuring productivity is increasingly important during these challenging times. Iridium Suite's Biller Efficiency Reports are particularly valuable to billing services, and practices with billing staff members who work remotely.

Iridium Suite's Biller Efficiency Reports include:

  • The Life of a Service Line Report which measures the average length of time it takes for each component within the billing cycle to close. This invaluable report gives an overview of the entire billing process from start to finish and can help billing services locate bottlenecks in the billing cycle.

  • The Biller Time Worked Report tracks the amount of time each user is active in the system. Iridium Suite has the unique ability to compile data on actual time worked in the system, as opposed to basic login and logout times.

  • The Biller AR Work Speed and Average Time to Close ARs Report allows business owners to analyze the number of Accounts Receivable closed by each biller, mapped against the average amount of time it takes each biller to close an AR. This is a particularly useful tool to help billing services determine staff members' roles within the organization.

The Biller Efficiency Reports are just several of hundreds of easy-to-configure reports found within Iridium Suite. The robust reporting module is provided to Iridium Suite users at no additional charge and enables businesses to accurately analyze the fiscal health of their enterprises.

About Medical Business Systems

Medical Business Systems is a leader in the healthcare software marketplace. Iridium Suite is the company's flagship product and has the distinct advantage of being created in a clinical setting rather than in a disconnected IT setting. Iridium Suite's ICD-10 readiness allows its users to be compliant with the new ICD-10 rules well in advance of the October 1, 2015 deadline. For more information, please visit http://www.iridiumsuite.com

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Contact:

Contact
To learn more about Iridium Suite medical billing software, please contact:
Susan Morrison
Medical Business Systems
Office: (775)453-3193
Email Contact