Acclamation Systems Announces New Partnership with Medical Claim Repricing Firm
Acclamation Systems, Inc. (ASI) announced today a strategic partnership with Medical Claims Funding Group (MCFG) which will enable healthcare payors on the LuminX benefits management system to utilize the MCFG claims repricing system.
Pittsburgh, PA (PRWEB) April 28, 2008 -- Acclamation Systems, Inc. (ASI) announced today a strategic partnership with Medical Claims Funding Group (MCFG) which will enable healthcare payors on the LuminX benefits management system to utilize the MCFG claims repricing system.
"We are happy to welcome a top repricing company such as MCFG to our portfolio of service and technology partners. With healthcare costs continuing to rise at a rapid rate, our healthcare payor clients have to maximize cost savings for their employer clients. Adding MCFG's service to our state-of-the-art benefits technology suite will help our clients achieve these goals," said Jim Senge, ASI CEO.
MCFG offers claims repricing services for medical claims. The company offers the fastest and most financially transparent solution available to the healthcare marketplace - the MCFG Provider Express-Pay Program. This program can advance-fund provider payment within one business day.
"We are pleased to partner with an industry-leading company such as Acclamation Systems," says MCFG President Daniel Ferrara. "Acclamation clients will now be able to take advantage of our unique claims repricing program and benefit from the cost-savings created by sizable discounts."
About Acclamation Systems, Inc.
Acclamation Systems, Inc. delivers integrated, flexible technology solutions for employee benefits management. Since its inception in 1989, ASI continues to provide some of the world's largest insurance carriers, third party administrators and self-administered organizations with the most comprehensive, powerful benefits administration system on the market today. ASI's flagship product, LuminX, is an end-to-end, automated system designed for organizations entrusted with the responsibility of administering health and other employee benefits. To complement the LuminX system, ASI offers robust Web tools, including online eligibility and enrollment, and comprehensive reporting; full accounting capabilities; integrated technologies; and outsourcing services to enhance their clients' productivity and profitability. For more information on the company, visit www.acclamation.com.
About Medical Claims Funding Group
Medical Claims Funding Group accelerates out-of-network, medical claim settlements between healthcare providers and insurance carriers, third party administrators and self-funded employers. By contacting each Provider directly, and using the Advance Funding method, MCFG is able to access discounts from more Providers and extract larger discounts than competing methods. The MCFG process typically creates increased net savings for clients. Additionally, all transaction discounts with the Provider and associated transaction costs are available real-time, 24 x 7, via the MCFG Web Reporting Module.
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