daisyBill can automatically close bills that paid at or above a percentage of the Expected Fee Schedule designated by your practice. This feature eliminates the need to manually click ‘Close’ for each correctly paid bill.
Step 1. On the navigation bar, click ‘Settings’, then click the name of the Billing Provider
This will navigate directly to the specified Billing Provider.
Step 2. Click the ‘Billing Settings - Custom’ tab
Step 3. Click ‘Bill Close: Automatic’
Step 4. Optional: Set Expected Fee Schedule % Min and Max for All Claims Administrators, enter Min and Max and Click Save
Once set, automatic close is triggered on a bill when an electronic EOR (837) posted to the bill from any claims administrator reflects enough payment that the Total Expected Fee Schedule % is between the Min and Max values set. The Min and Max values can be edited at any time.
The Expected Fee Schedule % Min value is the minimum Total Expected Fee Schedule % a bill will auto-close using. The Expected Fee Schedule % Max value is the Maximum Total Expected Fee Schedule % a bill will auto-close using. Bills with Total Expected Fee Schedule % lower than the Min value, or higher than the Max value will not auto-close.
Bills closed due to these settings will indicate such in the Bill History. Closed bills will generate Deposit Payment tasks if a Deposit Date is not provided for the payment within 10 days of posting. Automatic Close settings only apply to bills posted to after setting is turned on.
In this example, a bill paid anywhere between 80% and 110% of Expected Fee Schedule % will automatically close.
Step 5. Optional: Set Expected Fee Schedule % Min and Max for Specific Claims Administrators, enter Min and Max and Click Save
Once set, automatic close is triggered on a bill when a bill sent to the designated claims administrators receives an electronic EOR (837) reflecting enough payment that the Total Expected Fee Schedule % is between the Min and Max values set. The Min and Max values can be edited at any time.
The Expected Fee Schedule % Min value is the minimum Total Expected Fee Schedule % a bill will auto-close using. The Expected Fee Schedule % Max value is the Maximum Total Expected Fee Schedule % a bill will auto-close using. Bills with Total Expected Fee Schedule % lower than the Min value, or higher than the Max value will not auto-close.
Bills closed due to these settings will indicate such in the Bill History. Closed bills will generate Deposit Payment tasks if a Deposit Date is not provided for the payment within 10 days of posting. Automatic Close settings only apply to bills posted to after setting is turned on.
In this example, a bill paid by CorVel anywhere between 75% and 110% of Expected Fee Schedule % will automatically close.
Step 6. Once set, to turn off Bill Close for All or Specific Claims Administrators, toggle the On/Off button
Step 7. To make edits to an existing Automatic Bill Close, click the pencil icon.
Step 8. To view the history of edits made, click the History button
You’re on your way to even more efficient billing!