Your Guide to RXNT Medical Billing in 2021
The Coronavirus pandemic has had a negative impact on the United States’ financial health as well as the physical health and well-being of many Americans. Unemployment levels at all-time highs indicate a loss of employer-provided health insurance and an increase in the number of persons without coverage. By the end of the year, the number of uninsured patients is expected to reach 40 million.
While some people will be eligible for Medicaid, a substantial number of people in the United States are having difficulty affording medical treatment. Approximately two-thirds (65%) are concerned about being able to pay for unexpected medical expenditures. Furthermore, 40% of those with health insurance are concerned about paying for services, co-pays, or coverage.
That’s why in this blog, we’ll talk about how you can adopt a more flexible approach to getting paid on time with RXNT medical billing. But before we move on to that, let’s talk about what RXNT is, to begin with.
What is RXNT EHR?
RXNT EHR is a cloud-based electronic health records system with capabilities that can be scaled to fit the needs of any practice. Networking Technologies produced this ONC-Certified software. They also have other medical software, such as RXNT PM and RXNT eRx, that can be linked with RXNT EHR.
RXNT EHR, based in Maryland, is one of the top five EHR platforms for 2021. It’s one of the most user-friendly EHR systems available, making clinical and administrative operations easier for physicians and medical personnel.
After integrating with RXNT PM, RXNT EHR software is regarded as an all-rounder when it comes to streamlining medical workflows. After examining the unique demands of healthcare professionals, the business developed RXNT EHR, which has a long list of features.
RXNT Software User Reviews
The ability of RXNT software to meet all of its users’ needs defines its effectiveness. We’ve developed a list of benefits and disadvantages based on RXNT reviews from Software Finder to help you better understand medical software.
- Design that is intuitive and simple to use
- Training and implementation are simple.
- Exceptionally adaptable
- Signature pads are not available.
RXNT EHR Pricing
RXNT EHR cost starts at $85 per month per user, and their full suite of services starts at $150 per provider per month. They also give a 10% discount to physicians who pay on an annual basis.
Getting Paid On Time with RXNT
While the adoption of mobile/online payments in the United States is slower than in many other countries, growth is predicted to quadruple in the United States between 2018 and 2022. This trend has even made its way into healthcare. According to an InstaMed poll, 68 per cent of patients want to pay for their doctor visits online. However, 86% of patients still receive paper medical bills, with only 20% paying online using a mobile device. However, as more providers provide online bill payments, these numbers are expected to change. Allowing patients to pay their medical expenses online is advantageous to both sides.
Patients like the convenience of online statements. Plus, it helps doctors save money by not having to print and mail paper statements.
So how does RXNT EHR come into play here?
Simple, RXNT EHR enables you to send digital statements to your patients and receive payments without your patients ever having to come into your practice.
Flexible payment plans
Medical treatments can be costly. Approximately 21 million Americans are enrolled in a high-deductible health plan, which requires patients to pay 100% of their out-of-pocket spending until the deductible is met, which can be thousands of dollars. This can put a patient in a difficult situation if they can’t pay for a medical bill all at once, and it’s even worse for people who have recently lost jobs or don’t have medical coverage at all.
With RXNT EHR, you can set up a payment plan with fixed amounts, and periods can be a smart option for people who are on a tight budget. It also allows providers to better plan and manage revenue without the added expense of utilizing a collections service or the annoyance of patient-alienating late payment reminders.
Sliding fee scale
Medical issues do not discriminate based on a person’s income or remuneration. Low-income and uninsured individuals can obtain care regardless of their financial position because of sliding price systems. The National Health Service Corps (NHSC) mandates all practices and clinics provide a Sliding Fee Discount Program, which allows qualified patients to get primary care at a lower rate. Patients who earn less than or equal to 200 per cent of the federal poverty level are eligible. Even practices that are not NHSC-approved can offer a sliding fee scale to patients with limited financial resources, making it easier for those who are unable to pay for care to receive it with RXNT EHR.
Putting new payment options into practice
Due to a virus that is putting a huge strain on our health system, the country will face historical health issues in September 2020. RXNT’s Medical Billing software allows doctors to customize their billing process to optimize revenue while also satisfying their patients’ financial and medical demands. Schedule your no-risk, no-obligation demo to get a firsthand look at the RXNT software features that will help you manage your healthcare business. RXNT has your patients and your practice back, whether it’s through online bill pay, practice-established payment alternatives, or sliding fee scale tools.
Conclusion – Get Paid Faster with RXNT
RXNT EHR is a cloud-based electronic health record system that can be tailored to any practice’s needs. They also provide medical software, such as RXNT PM and RXNT eRx, that can be linked to RXNT EHR.
However, what makes RXNT truly a gamechanger for your practice is its ability to help you get faster and in full. RXNT EMR software, when combined with RXNT PM, helps you come up with various strategies to accommodate patients by offering them flexible payment plans like a sliding fee scale and putting new payment plans into action.