Real-time Electronic Medical Claims Filing

Electronic Medical Claims Filing

Electronic medical claims filing now comes into play. Instead of relying on staff to laboriously file claims and then endlessly follow-up on them through the approval and collection process, now a physician can outsource the entire process to a medical billing professional. Billing Company can also lower the time it takes to receive payment from an industry average of 90 days to as little as 7 days. Rejection rates lower down from the national average of 30% to less than 2%. We are trained professionals who are equipped with proprietary, state-of-the-art software that allows us to electronically file claims for you. The benefits to your practice are enormous.

Eliminate Software Hassles

We all know that the Internet has changed our world. Our Practice Management System is automatically upgraded on a daily basis and requires no complex installations. You have access to your client's data 24 hours a day, 7 days a week via the Internet.

Benefit #1: Speeds Up the Payment Process

Next Generation Electronic filing drastically reduces the amount of time it takes to collect payments from the insurance companies from 60 to 90 days to just 7 to 21 days. This is possible because electronically filed claims are handled by computers instead of human "gate keepers" at the insurance companies. These "gate keepers" are the ones who ultimately determine whether or not one should be paid. However, when claims are handled by computers there are no people to bog down the process.

Benefit #2: Lower Claims Rejection Rates

The rejection rate for claims utilizing our service can plummet from over 30% to under 2%. Obviously, claims that are not rejected move through the system more quickly. In addition, claims that are mysteriously "LOST" by the insurance companies and never paid are eliminated altogether. Claims cannot be lost when using electronic medical claims filing because they produce an acceptance report from the carrier that ensures receipt.

Benefit #3: Frees Your Time

This benefit is not always quite so obvious to doctors, but is very significant nevertheless: doctors spend as much as one and a half to two hours a day supervising and working on insurance claims. At the very least, physicians have a high-paid staff person working on filing the claims. Our system can give you more time to either see more patients, and therefore make more money, or spend more time doing what you want to do. This also frees up the time of your staff members, allowing them to make more patient calls and run the office more efficiently.

Benefit #4: Immediate Cost Savings

An office can realize an immediate cost savings when outsourcing it's billing to us. A recent survey in the Medical Group Management Journal showed that the average cost of internal billing departments was 11% of the practices' income. Our billing services, on the other hand, charge much less to perform the same service, depending on the volume and complexity of the situation.

Instead of spending countless hours entering claims information, printing and sending a tangle of forms, or waiting on hold with the insurance companies, you and your staff can spend time with patients, make appointment.....increasing patient care and profit.