Electronic Claim Processing Clearinghouse

Now is the time to ensure your current practice management solution and respective claim clearinghouse is following the timeline to ensure compliant claim processing. As mandated by CMS, January 1 2012 all transactions need to be converted to 5010. At this time, they will no longer accept the 4010 format. Act now, consult your vendors to ensure they are doing their part to prepare and meet the looming mandates.

Are you losing valuable income to unnecessary expenses? With our national economy continuing to rear its ugly head, why let another day by when you can act on simple things to capture revenue such as utilizing a clearinghouse. Clearinghouses can often drastically cut those unnecessary expenses associated with filing claims, issuing patient statements, eligibility inquiries and other daily tasks.

Are you still stuck sending paper claims? Are you still sending patient statements out your own door? Is your staff stuck on the phone chasing down patient eligibility and claim status? Why? These tasks are a thing of the past. Get in contact with a clearinghouse today. They can help you get started and have you submitting claims electronically, checking eligibility and sending patient statements electronically in as little as 24 hours!

If you are currently utilizing a clearinghouse and are unaware of the extra services mentioned, contact your current provider and inquire about these offerings. If the current solution you have in place does not offer such, contact an organization that does.

There is no better time to turn your office into a more efficient and more economical place than now.

Are you still filing claims to insurance carriers by paper?

It is hard enough to keep your practice on schedule seeing patients, why inundate yourself and your staff with such a daunting task as filing paper claims?  Utilizing a practice management system and an electronic claim processing clearinghouse, you are freeing time for your office to focus on more productive things such as patient care.  Generating cash flow quickly is the goal behind every successful practice.  The turn-around for electronic claims is 15 days while paper claims range from 30-60 days.  Some state Medicare Programs have already mandated electronic filing, it is only a matter of time your local Medicare carrier does the same.

Filing claims by paper is not only time consuming, it is expensive. Eliminate mail float and lost claims.  As postage, paper and printer ink/toner costs rise, so does your overhead.  Eliminate associated costs and utilize a clearinghouse.  A clearinghouse will give you immediate receipt confirmation, run your claims through an audit and also provide you with a notice of receipt from the payer, real-time.

What are you waiting for?