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Dr. Brimhall's Health Puzzle Piece |
February 25, 2008 |
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Put More Money in Your Pocket
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Brandy says, “In my office evaluations, I am often asked to help a clinic find a cost effective and reputable clearinghouse for insurance claims submission. Dr. Brimhall has asked me to do a series for you called, “HOW TO INCREASE THE BOTTOM LINE,” so I will cover this one aspect today. This article will provide information about insurance clearinghouses and how they can help to put more money into your pocket, faster.” Medical Billing Clearinghouses collect claims information electronically from sources, such as your Billing Service or in-office billing department. The clearinghouse will then edit, format and submit the claims information to various insurance companies for payment. Clearinghouses are valuable because they have the ability to meet the specific data requirements of each insurance company and their specific computer system formats. They can, therefore, submit claims to any insurance company that accepts electronic claims. Instead of your billing department or billing service having to communicate electronically with multiple insurance companies, this can be done through a single clearinghouse. The clearinghouse that we, at Capacity Management, highly recommend is Apex EDI, whom we believe will significantly increase the efficiency and accuracy of your office insurance billing and collections department. Apex EDI has many excellent features. One of my favorite features is that they have the ability to verify ‘clean’ (complete) claims status, thus making claims submission more efficient and causing claims processing delays less likely. If an electronic claim is submitted without complete or accurate information, you will be notified immediately and literally shown which error was made on your electronic claim. This makes correction, re-submission, and processing easier, thus significantly reducing delays in claims payment. The following is some additional information about Apex EDI: Since 1995, Apex EDI has been providing medical practices with the industry's easiest and most cost-effective solutions for processing electronic insurance claims. Apex has thrived because it offers an unrivaled combination of superior service and flexible technology that works hard, adapts to any situation, and stays out of the way.
Call to schedule for a free demo to see how easily this system will work in your office. Be sure to refer to “Promotion Code 104” or “Brandy Beeson at Capacity Management” for discounted or free service offers.
By: Brandy Beeson, Capacity Management Yours in Health Wealth and Happiness, John W Brimhall, DC and the Wellness Team
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