A medical invoice template is a professional document which businesses linked to the medical sector frequently use. In certain cases, a licensed medical practitioner can issue this invoice when selling medical equipment to a medical center, hospital, clinic or to a doctor. Basically, this invoice asks the buyer to make the payment or if there is a pending balance, then issuing it means the seller is asking for his or her pending amount. As per market practice, there are businesses who purchase medical equipment on credit terms and accept invoices after a certain time period. Usually, this period varies from business to business depending on the relationship, but normally it ranges from 7 days to 90 days. Similarly, there is a significant difference between a medical bill and a medical invoice. A medical bill refers to where a patient avails medical services or treatment, whereas a medical invoice refers to the sale or purchase of medical inventories or equipment.
Importance of Medical Invoice:
Medical bills are difficult to understand and harder to pay also. Relatives of patients receive separate bills for hospital and physician services at the time of discharge. Sometimes they are surprised to see different additional invoices after payment of hospital bills. Medical invoice is the specific term used for these bills, and it is compulsory for every hospital. Therefore, several invoice software are available on the market. One can also design medical invoices manually with the help of a medical invoice template. Moving further, the medical invoice should contain proper dates and medical data codes. There are several types of medical bills and keeping track of multiple bills is also a challenge. You need to have proper information about the types of medical bills to cut down on the costs of medical treatments.
Usage of Medical Invoice:
Apart from medical treatment, the medical equipment cost is huge and normally breaks down into different categories. For instance, hospital invoice, surgery equipment invoice, medical lab invoice and other relevant parts or equipment. For this purpose, different invoices are designed according to their nature. Therefore, you should keep a complete record of all the copies of medical invoices in a secure place. Here you can find the most common types of medical invoices:
Hospital Invoice:
The hospital invoice is a separate invoice as compared to a medical bill. It includes the following expenses, like operation theater machinery, beds, medical supplies, X-ray machine, medical lab equipment and many more.
Outdoor Medicare Invoice:
Patients who get doctor’s treatment outside the hospital premises, like in outdoor places, clinics, and centers, are called outdoor patients. For these centers and clinics, a separate medical invoice is used to address the transaction. Usually, the content of an outdoor Medicare invoice is different from a hospital invoice. This invoice will include the following expenses, like checkup accessories, facility restoration expenses, facility equipment, and disposable equipment. Due to the non-availability of a medical lab, the cost of medical tests and procedures are also included in an outdoor medical invoice.
Home-based Medical Invoice:
Home-based Medicare invoices are issued for services and products provided to a patient at home. These invoices include different charges, such as “visits by nurse and doctor, home health aide, physical therapist, occupational therapist, speech therapist or social worker”. If you receive IV therapy, you will receive a separate invoice for this.
Doctor Medical Invoice:
Some doctors open separate centers in remote areas to facilitate poor and deserving patients. The purpose of operating these special centers in remote areas is to provide medical facilities to poor people who can’t reach hospitals due to higher bills. This invoice includes the cost of medical or surgical instruments, and costs for interpretation of your diagnostic tests. Moreover, patients also receive invoices from hospital-based doctors, such as anesthesiologists, emergency medicine physicians, pathologists, as well as from private community physicians.
Templates for Medical Invoice:
www.smartsheet.com
www.freshbooks.com
www.bma.org.uk
wscc.nt.ca
www.wcb.ab.ca