Did you know that there are still over 7 thousand health care providers that do not submit their claims electronically?
Processing insurance paper claims is very expensive, time consuming and error prone. The insurance companies then make it worse with their "paper mill," and your business suffers...
Collections from the carriers can take from 30-90 days if there are no errors, or up to 120 days if there are. Your cash flow is suffering and your staff could be doing more important things...like collection work on accounts that are over 90 days old, insurance verification, and more....
The answer is Electronic Claims Submission. The cycle time between filing and receipt of the check is drastically reduced with accounts receivables becoming less than 30 days, and in most cases 21 days old. The errors that show up in manual paper claims processing are virtually eliminated due to the various edits performed.
Insurance carriers are feeling the pain of high labor costs to process paper and are pushing very hard to get physicians to have their claims filed electronically. Electronic claims filing will soon be mandatory and universally accepted. Some states have Medicare payments electronically transferred into your bank account...if the claims are filed electronically. In some cases they are already preparing checks by computer, if filed electronically. Get the picture?
"WE CAN HELP"
We will submit your claims via our EDI/SFT HIPAA compliant system and get them paid.*
"Our goal is to provide quality service and ensure client satisfaction"
Please contact us at medicalbilling4u@verizon.net for further information.
