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Investing in the right Practice Management
System is only the first step in the commitment to efficiency
for your healthcare practice’s cash flow management.
It is a proven fact that electronic-transactions (including
patient statements and electronic remittances), is the
most efficient method for cash-flow management.
There are significant advantages
to using electronic transactions:
- Average period for payment is 10 to 14 days, compared
to 30 to 45 days for paper.
- Instant notification of claim denials for instant
corrections and resubmissions, as opposed to waiting
30 days for denials to come by mail before resubmitting.
- Putting an end to the outdated process of printing,
folding, and stuffing envelopes.
- The average cost for materials (paper, toner, envelopes,
postage), and labor required for paper claims is several
times more than that of electronic claims.
- A large payment from a payer may take hours to
post manually with a paper EOB. The same payment posts
in seconds with an Electronic Remittance.
There’s no question that all aspects of the claims
billing process are best performed electronically, the
only question is which electronic service provider to
use.
ENS has been a proven leader in the evolution of Electronic
Data Interchange (EDI) within the healthcare industry.
ENS processes healthcare transactions from more than 200,000
providers nationwide, with millions of electronic transactions
per month.
Its automated
system provides:
- Immediate confirmation that your claims were received
and being prepared for processing.
- Confirmation reports that claims have been checked
for initial errors, and forwarded to the payers within
a few hours of submission.
- Confirmation reports that claims have been received
by the payers within 24 hours.
- Finally, Payer response reports showing which claims
were accepted, and which claims were rejected by the
payers (with reasons for rejections) upon receipt
from payer.
Contact us for additional information
on ENS and or its Electronic Solutions. |
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