MedValue, the Leading Provider of Medical Claims Processing Services Signs up a Leading Midwest-based Third Party Administrator (TPA) as a New Client
MedValue, the leading provider of Medical Claims Processing services recently announced that it has signed up a leading Midwest-based TPA for its proven service. MedValue’s Paper Claims to EDI Conversion service saves clients’ 30% to 40% off their existin
Chicago, IL (PRWEB) July 18, 2005 –- MedValue, the leading provider of
Medical Claims Processing services recently announced that it has signed up a
leading Midwest-based TPA for its proven service. MedValue’s Paper Claims to EDI
Conversion service saves clients’ 30% to 40% off their existing costs of
processing paper claims. Health Plans and TPAs 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 be easily derived, by utilizing OCR solutions or through manual data
entry of paper claims.
“TPAs 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 TPAs 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 TPA’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 TPA’s organization. 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. TPAs can get started within 10 business days and start
saving immediately.
Health Plans 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
Visit
http://www.MedValueBPO.com to learn more.
About Us:
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.
Contact Info:
Raj Vaswani
MedValue Offshore Solutions Inc.
Tel: 1-877-528-1863
x621
http://www.MedValueBPO.com
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Source : http://www.prweb.com/releases/2005/7/prweb262582.htm