Healthcare Solutions & Recommendations
Today’s healthcare providers face a daunting financial scenario in today’s volatile healthcare reimbursement environment.
Decreasing revenues, increasing costs, and high consumer expectations present a complex challenge for healthcare organizations. According to The McKinsey Quarterly*, about 50 percent of all claims payments are paper based and require providers to manually reconcile the claims and deposit the checks.
Processing paper-based payments presents many challenges for providers. Not only are there significant administrative costs associated with the manual processes of posting and reconciling payments, but having employees key information off of paper documents is very inefficient and error-prone.
This approach envisions the deployment of a fully-automated, integrated, end-to-end transaction delivery solution capable of supporting both manual and electronic processes. This platform-independent solution opens a clear and convenient pathway for communications between payers, providers and other parties – regardless of their current data types, document formats and system capabilities.
Unlike single-focus point solutions, this comprehensive approach addresses the entire claims lifecycle: from originating and editing claims, to communication and presentation, reconciling, imaging, and archiving of claims data.