MedValue, the Leading Provider of Medical Claims Processing Services Signs up two California-based Management Services Organizations (MSO) as New Clients
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
About
MedValue
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.
Contact
Information:
Raj Vaswani
MedValue Offshore Solutions Inc.
Tel:
1-877-528-1863 x621
Email: e-mail protected from spam bots
http://www.MedValueBPO.com
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Source : http://www.prweb.com/releases/2005/6/prweb250992.htm