Electronic
Claims Processing Service Center
Health
care providers depend more and more on Independent Contractors to
process their medical claims electronically. ECP - Electronic Claims
Processing dramatically reduces the error rate on claims that are
filed and it significantly increases the turnaround on insurance
payments to medical providers. Errors cause cash flow problems for
the medical provider. We will eliminate that problem for you and
your practice. In
addition, our service will do away with much of the paperwork
generated by a doctor’s practice.
On average, electronic claims only take ten working days to get
payment to you. Manually filed claims, on the other hand,
often take up to 70 days or more before payment is received. The
reason is the inordinate amount of errors generated by manual
processing.
So you can see why this is such an exciting and important business!
Electronic Claims Processing can reduces the rejection rate on claims from
more than 35% to less than one percent.
Electronic Claims Processing (ECP) reduces open accounts receivable
and quickly increases the physician’s income. In 1994, a mere 5% of
healthcare providers processed their claims electronically. By the
end of 1996 that figure increased to twelve percent. Today less than
30% of all medical providers use full electronic billing. Claims
processed in the United States escalated from just 5 billion in 1990
to more than 9 billion in 1997 and this figure has been steadily
increasing.
Key Benefits of our Service:
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