MedValue, the Leading Provider of Medical Claims Processing Services Signs up a Leading Midwest-based Third Party Administrator (TPA) as a New Client
MedValues Paper Claims to EDI Conversion service saves clients 30% to 40% off their existing costs of processing paper claims. Health Plans and TPAs are transitioning the front-end of their paper claims processing to MedValue at a rapid pace every month. MedValues unique process is designed to deliver 99.5% plus accuracy, which cannot easily be derived by utilizing OCR solutions or through manual data entry of paper claims.
Chicago, IL (PRWEB) July 18, 2005 -– MedValue, the leading provider of Medical Claims Processing services recently announced that it has signed up a leading Midwest-based TPA for its proven service. MedValues Paper Claims to EDI Conversion service saves clients 30% to 40% off their existing costs of processing paper claims. Health Plans and TPAs are transitioning the front-end of their paper claims processing to MedValue at a rapid pace every month. MedValues unique process is designed to deliver 99.5% plus accuracy, which cannot be easily derived, by utilizing OCR solutions or through manual data entry of paper claims.
TPAs have been buried by mountains of paper forever”, said President & CEO Raj Vaswani from MedValues Chicago headquarters. We have developed an innovative, elegant, low cost solution for those TPAs who are unable to cost-effectively and accurately process paper claims in-house.”
The MedValue Paper Claims to EDI Conversion service is a turn-key solution that allows clients 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 MedValues Document Management System through an intuitive and secure web interface. If claims examiners are in multiple office locations or working from a home office, the service provides them with ease of use.
HIPAA compliance is also easily achieved with features like the electronic audit trail. Additionally no paper leaves the TPAs premises. Under natural disasters or emergency situations, the service provides redundancy through back-ups of data and storage of digital images outside of your premises.
Our front-end claims processing service provides two key capabilities”, said Vaswani, On the one hand it converts paper HCFA-1500, Dental, and UB-92 claims and stores them electronically in our web-based Document Management System (DMS) for easy retrieval at any time from anywhere within the TPA's organization. And on the other hand it converts the paper claim into a standard EDI stream (NSF or ANSI 837 - 4010 formats), similar to that which claims departments receive for EDI or electronic claims from Providers through their clearinghouses.
No more handling of paper” said Vaswani. Our solution is fast and easy to use. And it is fully CMS and HIPPA compliant. With fast turnaround and 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.”
And the best part is its very affordable. Additionally, no upfront investment is required in additional hardware or software. TPAs can get started within 10 business days and start saving immediately.
Health Plans and TPAs who had 16 claims examiners to process 16000 claims per week, with MedValues assistance require only 8 claims analysts 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 7-day trial to see if MedValue services can benefit your company, please contact: Raj Vaswani at rajv@MedValueBPO.com or call us toll-free at 1-877-528-1863 x621. You can also visit http://www.MedValueBPO.com/claim-processing-claim-processing-claim-processing.htm
About MedValue
MedValue Offshore Solutions Inc. provides low cost, high quality medical claims processing services to Third Party Administrators, HMOs, PPOs, Health Plans, and Physician and Hospital MSOs. We help our clients growth and profitability through creative use of technology and high quality, affordable offshore talent from our centers 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. Visit http://www.MedValueBPO.com to learn more.
CONTACT INFORMATION:
Raj Vaswani
MedValue Offshore Solutions Inc.
Tel: 1-877-528-1863 x621
http://www.MedValueBPO.com
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