MedValue’s Paper Claims to EDI Conversion service saves clients’ between 30% to 40% of their existing costs of processing paper claims. The word is getting out and MSOs are transitioning the front-end of their paper claims processing to MedValue at a rapid pace every month.
Chicago, IL (PRWEB) June 15, 2005 -- MedValue, the leading provider of
Medical Claims Processing services recently announced that it has signed up two
more progressive California-based MSOs for its proven service. MedValue’s Paper
Claims to EDI Conversion service saves clients’ between 30% to 40% of their
existing costs of processing paper claims. The word is getting out and MSOs are
transitioning the front-end of their paper claims processing to MedValue at a
rapid pace every month. MedValue’s unique process is designed to deliver 99.5%
plus accuracy, which cannot easily be derived by utilizing OCR solutions or
through manual data entry of paper claims.
“MSOs have been buried by mountains of paper forever”, said President & CEO Raj Vaswani from MedValue’s Chicago headquarters. “We have developed an innovative, elegant, low cost solution for those MSOs who are unable to cost-effectively and accurately process paper claims in-house.”
The MedValue Paper Claims to EDI Conversion service is a turn-key solution that allows clients’ to cut claims processing costs, improve accuracy of paper claims adjudication, enhance productivity of claims examiners, and archive paper claims for easy and convenient access anytime from MedValue’s Document Management System through an intuitive and secure web interface. If claims examiners are in multiple office locations or working from a home office, the service provides them with ease of use.
HIPAA compliance is also easily achieved with features like the electronic audit trail. Additionally no paper leaves the MSO’s premises. Under natural disasters or emergency situations, the service provides redundancy through back-ups of data and storage of digital images outside of your premises.
“Our front-end claims processing service provides two key capabilities”, said Vaswani, “On the one hand it converts paper HCFA-1500, Dental, and UB-92 claims and stores them electronically in our web-based Document Management System (DMS) for easy retrieval at any time from anywhere within the MSO. And on the other hand it converts the paper claim into a standard EDI stream (NSF or ANSI 837 - 4010 formats), similar to that which claims departments receive for EDI or electronic claims from Providers through their clearinghouses.
“No more handling of paper” said Vaswani. “Our solution is fast and easy to use. And it is fully CMS and HIPPA compliant. With fast turnaround and overnight delivery of Claims data and secure, instant access to Paper Claim images from anywhere 24*7, our clients gain improved productivity from their claims examiners who do not have to enter data manually any longer.”
And the best part is it’s very affordable. Additionally, no upfront investment is required in additional hardware or software. MSOs can get started within 10 business days and start saving immediately.
MSOs and TPAs who had 16 claims examiners to process 16000 claims per week, with MedValue’s assistance require only 8 claims analysts to adjudicate paper claims because they no longer are required to perform manual data entry of paper claims before starting the adjudication process.
For a free 7-day trial to see if MedValue services can benefit your company, please contact: Raj Vaswani at e-mail protected from spam bots or call us toll-free at 1-877-528-1863 x621. You can also visit http://www.MedValueBPO.com/claim-processing-claim-processing-claim-processing.htm
MedValue Offshore Solutions Inc. provides low cost, high quality medical claims processing services to Third Party Administrators, HMOs, PPOs, Health Plans, and Physician and Hospital MSOs. We help our clients’ growth and profitability through creative use of technology and high quality, affordable offshore talent from our centers in India. MedValue is headquartered in the Chicago area and is a U.S. corporation with offices in Chicago and Southern California and state of the art facilities in India. MedValue Offshore Solutions Inc. and its affiliates and subsidiaries are collectively referenced as MedValue. Visit http://www.MedValueBPO.com to learn more.
MedValue Offshore Solutions Inc.
Tel: 1-877-528-1863 x621
Email: e-mail protected from spam bots
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Source : http://www.prweb.com/releases/2005/6/prweb250992.htm