Elec/Paper Claim Submission
According to a recent study by America’s Health Insurance Plans (AHIP) indicating electronic submission of 75% (three quarters) of health insurance claims. This helps practices and providers to process health insurance claims to process within a month of receipt. This not only speeds up the claim submission process, but hastens the AR cycle to the convenience of healthcare provider. In fact, it’s now a requirement by government payers like Medicare and Medicaid to file health insurance claims electronically.
In today’s age of getting insurance claims paid the use of automated technology is very crucial. Tools like electronic medical records (EMR), electronic funds transfer (EFT) electronic remittance advice (ERA), real-time adjudication, claim scrubbing services, coding software products and other technology tools are becoming increasingly necessary. But neither all practices or physicians have enough finances to invest in these costly technologies, nor physicians have a considerable amount of time to deal with such complex processes. Making outsourcing of the claims process an attractive alternative.
On the other hand, experienced medical billers can successfully operate technologies available to them to get claims paid and to reduce claim denials. With the everyday changing insurance policies, it’s getting harder to collect insurance payments therefore, providers have a great incentive to utilize outsourced billing solutions.
Simplexmed strives to make convenient system available to all providers making the process of claim submission easier and fast. Electronic Data Interchange (EDI) solutions by Simplexmed practice management and medical billing services are simplifying claim submission of many providers.
EDI services of Simplexmed help your practice avoid the increasingly tiresome paperwork and filing of lengthy forms manually, Speed up your payments, receive payments faster, improve your cash flow, and eliminate the costs of printing and mailing claim forms. Just a click or keystroke and your claims are submitted. Making it possible for providers to concentrate more on their patients – the heart of your practice.
You can also submit paper claims manually, as the need arises. Simplexmed recommends that if you are having internet connectivity problems, then instead of delaying submit paper claims.