Medical Billing Technology

Fast Track Medical Billing is committed to providing clients with medical billing technology that provides advanced medical billing services to maximize the efficiency of the reimbursement cycle. FTMB’s HIPAA compliant software enables physicians to have real-time access to their financial profile with the peace of mind that HIPAA regulations are met and patient information is secure. FTMB handles the medical billing reimbursement process from transaction entry to collection, utilizing the latest technology in medical billing software and computer hardware.

Medical Billing Technology: How it Works

Each physician office has access to their individual patient database which is stored on a secure server. Through an exclusive login via the Internet, healthcare providers may access their patient database from any computer that has an Internet connection.

Within this private network, providers can establish new patients in their database, review patient data, post co-payments, print reports, and more. Meanwhile, Fast Track is managing the claims submission process and submitting the medical claims electronically to the clearinghouse for processing. Since FTMB uses the same system that physicians have access to at their office, all FTMB clients have up-to-the-minute access to claims analysis and status reports.

HIPAA Compliance

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) has created an opportunity for the healthcare industry to move from paper claim transactions to electronic transactions using one national standard format. In order to comply with HIPAA, providers must update their systems or outsource their billing needs to professional medical billers. Fast Track Medical Billing assists medical practices throughout northern New Jersey in maintaining compliance with HIPAA privacy and security regulations by reducing the burden of these cumbersome guidelines.

. Identify potential hidden risks.

. Network engineers can secure your network.

. Patient data encryption.

. Disaster recovery planning.

. Onsite HIPAA training.

. HIPAA compliant technology.

HIPAA was designed to establish standards and requirements for electronic transmission and storage of certain healthcare information used by healthcare providers, health plans and business entities involved in healthcare. The intent of the legislation was to improve the portability and continuity of health benefits, to ensure greater accountability in the area of healthcare fraud, and to simplify the administration of health insurance.

HIPAA regulations have extensive impact on healthcare organizations, including health plans, providers and clearinghouses. These requirements affect the organization structure and procedures, physical accommodations, and technical equipment and capabilities. Outlined below are some of the significant effects of HIPAA on the medical practice.

Disaster Recovery

Planning for emergencies, including periodic backup of data, critical facilities availability and disaster recovery procedures.

Security Standards for health Information

Determining level of access to healthcare information and providing training to all practice staff members about privacy and security procedures.

Physical and Administrative Procedures

Securing workstations and storage media, keeping records of authorized access and implementing workstation policies and regular backup of data. Designating a privacy official to oversee the confidentiality and security procedures.

Maintaining Written Policies and Procedures

Documenting compliance of HIPAA rules and making these available to all personnel. Implementing chain of trust agreements with partners with whom the practice exchanges healthcare information.

This list is not inclusive but delineates some of the areas critical for HIPAA compliance relating to small group practices.

Technology Features

  • Easy to use and understand
  • Comprehensive and customizable reporting
  • Security mechanisms
  • Patient research reports
  • No server or software maintenance
  • HIPAA compliant

Patient Data App for iPhone™

  • View and edit existing appointments or add new appointments
  • Review patient data and add new patients to the database
  • Post procedures, diagnoses and charges
  • Look up referring physicians
  • And more…

Frequently Asked Questions

Listed below are some frequently asked questions regarding the technology that Fast Track utilizes to process claims electronically.

Will all claims be electronically filed?

Almost all claims are filed electronically. Paper claims are submitted to smaller carriers who either do not accept electronic claims or require non-electronic attachment. Fast Track identifies which carriers require paper submission and avoid improper claims processing.

How do I know that my patient data is secure?

Fast Track has a state-of-the-art-network in our operations center that backs up all client data several times per day with offsite storage for backups and redundancy. Rest assured that patient information is handled with the utmost care and confidentiality. Fast Track’s nationally recognized clearinghouse has advanced security measures in place, to ensure the privacy of patient information.

Do I have to buy software?

No. Fast Track is responsible for the necessary hardware and software to get the job done. Your office can continue to operate much as it did before, except without the hassle of claims and billing.

How do I access to my patient data?

Through access to a private network, healthcare providers can establish new patients in their database, review patient data, post co-payments, print reports, and more.

How do I access to my patient data?

Through access to a private network, healthcare providers can establish new patients in their database, review patient data, post co-payments, print reports, and more.

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