AdvancedMD Statements is a key feature within the AdvancedMD Billing and Revenue Cycle Management (RCM) suite, designed to streamline patient collections for independent medical practices. It offers multiple options for delivering patient statements, including electronic statements (eStatements), an automated print and mail service, and the ability to print statements in-office.
Key Capabilities
The primary value proposition is the automation and clarity of the patient billing process. The system can automatically process statement batches and send them electronically for print, stuffing, and mailing via a service like RelayHealth, eliminating manual administrative work and costs for the practice. The statements themselves are formatted for clarity, featuring a highlighted "Pay This Amount" field, separated adjustments and payments, and enlarged balance due information to reduce patient confusion and encourage faster payment.
It supports multiple payment collection methods, including online payments (ePayments), at the office, payment plans, credit-card-on-file, and phone-in payments. A significant feature is the ability to send a Single Statement to a patient, consolidating charges regardless of how many providers the patient has seen within the practice, which further simplifies the patient's billing experience.
AdvancedMD Statements is part of the all-in-one AdvancedMD Rhythm suite, which unifies Practice Management, Electronic Health Records (EHR), and Patient Engagement on a single cloud platform. This integration ensures that billing data is synchronized with clinical and front-office workflows for a seamless revenue cycle.
