(PRWEB) October 2, 2004
Chicago, IL (PRWEB) September 30, 2004 Â MedValue, the leading provider of Claims Processing solutions to AmericaÂs Insurance Payors, at its recent Customer Conference highlighted the benefits of its groundbreaking Paper Claims to EDI Conversion Utility; a service that eliminates the handling of Paper Claims inside of Americas Insurance companies, Physician Management Services Organizations (MSOs), IPAs, Physician Practice Management firms, and Third Party Administrators.
ÂInsurance payors and MSOs alike have been buried by mountains of paper forever, said President & CEO Raj Vaswani from MedValueÂs Chicago headquarters. ÂWe have developed an innovative, elegant, low cost solution for those Insurance Payors who are unable to cost-effectively process paper claims.Â
The MedValue Paper Claims to EDI Conversion Utility is a turn-key solution that allows Claims Processing organizations 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 MedValueÂs Document Management System through an intuitive and secure web interface.
ÂOur utility service provides two key capabilitiesÂ, said Vaswani, ÂOn the one hand it converts paper HCFA-1500 and UB-92 claims and stores them electronically in our web-based Document Management System (DMS) for easy retrieval at any time from any PC connected to the Internet. And on the other hand it converts the paper claim into a standard EDI stream (NSF 2.0 or 837 format), similar to that which claims departments receive for electronic claims from Providers through their clearinghouse.
ÂNo more handling of paperÂ said Vaswani. ÂOur solution is fast and easy to use. And it is fully CMS and HIPPA compliant. With 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.Â
And the best part is itÂs very affordable. Additionally, no investment is required in additional hardware or software.
Mr. Vaswani figures that clients are saving between 30%-40% of the fully loaded paper claims processing cost by using MedValueÂs Paper Claims Conversion Utility. MSOs who had 8 claims examiners to process 8000 claims per week, with MedValueÂs assistance require only 3 claims representatives 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 consultation to learn how MedValue services can benefit your company and to get a no cost, no obligation demonstration of our Paper Claims to EDI Conversion Utility, contact: Gary Baker at email@example.com or toll-free at 877-528-1863 x623.
MedValue Offshore Solutions Inc. provides low cost, high quality data processing and support services to Insurance Companies, Third Party Administrators, HMOs, PPOs, Health Plans, and Physician and Hospital MSOs and IPAs. Our mission is to enhance our clientsÂ growth and profitability through creative use of technology and high quality, affordable offshore talent from our center 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.
Gary Baker, EVP Business Development & Marketing
MedValue Offshore Solutions Inc.
Tel: 877-528-1863 x623
# # #