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Orange Management Solutions stays up to date with the ever-changing medical and
communications worlds. Our medical claims processing software allows you to not
only transmit electronic claims, but also to receive electronic
remittance advice. Electronic billing connects directly to Medicare and Blue Cross, and to other
insurance carriers using WebMD
applications.
Electronic claims dramatically increase staff efficiency by previewing
claims information for required fields, and increased cash flow due to briefer
turnaround on your payments. You will find remittance is an even greater time
saver and also provides you with increased cash flow, due to the automatic
payment posting allowed by this function.
Our physician's office software amplifies your staff productivity by
automating the billing of secondary insurance and providing standard reports
such as aging, delinquent accounts, and more. For those payers or areas where
electronic claims submission is not possible, the system allows the filing of
HIPAA compliant standard universal claim forms.
Electronic Claims Submission and Remittance.
Electronic claims submission is very common with
software vendors. Many practices however
do not have electronic remittance. THE
REAL SAVINGS, HOWEVER COMES WITH REMITTANCE. One practice reduces eight hours of posting to one (
"In the paper-remittance system, claims are paid by checks accompanied by an explanation of benefits. Your practice's business staff must manually enter the detailed benefits information in the computer under the appropriate patient's account. In a busy solo practice, processing a large check can easily consume an entire day. For a group practice of three to four (physicians), the task requires about 20 hours per week overall....
Although software that enables electronic remittance costs more than packages that do not, the system really pays for itself in a year or so, depending on the practice size....
....The electronic system should then save 16 hours of data-entry time each week (or 80 percent of the average 20 hours allotted for the task per week). Assume that the practice's trusted biller earns $15 per hour (the average industry wage is $ 15-20 per hour). Multiplying this staffers hourly wage by 16 hours per week yields a weekly cost savings of $240. At that rate, the software would pay for itself in...." (Corcoran, KJ. Save Electronically. Review of Ophthalmology 1999, 6(10):38-40)
BENEFITS:
- Improved collection - electronic claims typically provides a
one-month advance in revenue, and cuts bookkeeping costs by 80%.
- Time saving - uploads and downloads of claims take a fraction of
the time required for handling manual claims.
- Savings on labor, time and postage by using electronic
transmissions.
Phone: (315) 422-2020
Orange Management Solutions
E-mail: sales@orangemgt.com
Internet: www.orangemgt.com
Copyright Orange Management
Solutions 2006