MedValue’s Paper Claims to EDI Conversion Utility Saves Time and Money for Claims Processing Departments at America’s Leading Insurance Payors
MedValue, the leading provider of Claims Processing solutions to America’s Insurance Payors, at its recent Customer Conference highlighted the benefits of its groundbreaking Paper Claims to EDI Conversion Utility; a service that eliminates the handling of Paper Claims inside of Americas Insurance companies, Physician Management Services Organizations (MSOs), IPAs, Physician Practice Management firms, and Third Party Administrators.
Chicago, IL (PRWEB) September 30, 2004 – MedValue, the leading provider of
Claims Processing solutions to America’s Insurance Payors, at its recent
Customer Conference highlighted the benefits of its groundbreaking Paper Claims
to EDI Conversion Utility; a service that eliminates the handling of Paper
Claims inside of Americas Insurance companies, Physician Management Services
Organizations (MSOs), IPAs, Physician Practice Management firms, and Third Party
Administrators.
“Insurance payors and MSOs alike 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 Insurance Payors who are unable to cost-effectively process
paper claims.”
The MedValue Paper Claims to EDI Conversion Utility is a
turn-key solution that allows Claims Processing organizations 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.
“Our utility service provides two
key capabilities”, said Vaswani, “On the one hand it converts paper HCFA-1500
and UB-92 claims and stores them electronically in our web-based Document
Management System (DMS) for easy retrieval at any time from any PC connected to
the Internet. And on the other hand it converts the paper claim into a standard
EDI stream (NSF 2.0 or 837 format), similar to that which claims departments
receive for electronic claims from Providers through their
clearinghouse.
“No more handling of paper” said Vaswani. “Our solution is
fast and easy to use. And it is fully CMS and HIPPA compliant. With 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 investment is required in
additional hardware or software.
Mr. Vaswani figures that clients are
saving between 30%-40% of the fully loaded paper claims processing cost by using
MedValue’s Paper Claims Conversion Utility. MSOs who had 8 claims examiners to
process 8000 claims per week, with MedValue’s assistance require only 3 claims
representatives 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 consultation to learn how MedValue services can
benefit your company and to get a no cost, no obligation demonstration of our
Paper Claims to EDI Conversion Utility, contact: Gary Baker at e-mail protected
from spam bots or toll-free at 877-528-1863 x623.
About
MedValue
MedValue Offshore Solutions Inc. provides low cost, high quality
data processing and support services to Insurance Companies, Third Party
Administrators, HMOs, PPOs, Health Plans, and Physician and Hospital MSOs and
IPAs. Our mission is to enhance our clients’ growth and profitability through
creative use of technology and high quality, affordable offshore talent from our
center 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.
CONTACT
INFORMATION:
Gary Baker, EVP Business Development & Marketing
MedValue
Offshore Solutions Inc.
Tel: 877-528-1863 x623
Email: e-mail protected
from spam bots
http://www.MedValueBPO.com
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Source : http://www.prweb.com/releases/2004/10/prweb163501.htm