Medical Transaction Processing Company Teams Up with Banking Services to Offer More to Customers

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Medical claims clearinghouse, 9xMED, offers banking services to physicians to streamline processes.

What healthcare organizations need is an entirely new approach to the management of claims, payments and other administrative tasks.

The traditional healthcare financial transaction community is seeing a new approach to processing medical claims. The innovators at 9xMED, a medical claims and payment transaction delivery service provider, is putting efficiency into the hands of the healthcare community.

In addition to their robust clearinghouse services, 9xMED offers their customers an integrated lockbox solution, a value added service that is costly by most banks. What makes their service even more unique is how the lockbox acts as a conduit between payer, provider, intermediary and banking institution by linking all parties through one single data hub.

With their introduction of a completely Web-based system to manage claims, payments and transaction processing workflows, 9xMED helps address some of the more inefficient aspects of healthcare payment process by managing all electronic and paper-based payments from patients, insurance companies and private payers. This includes converting traditional paper Explanation Of Benefits (EOB’s) to standard electronic formats of the 835. The new platform converts all elements of healthcare transaction, correspondence, ERA files, patient payments and paper-based EOB documents into an auto-postable 835 electronic format. Transactions that are ready for posting are delivered within moments to the healthcare provider’s billing or patient management system. The platform supports all current data types, document formats and system capabilities, helping clear the technology barrier that stifles efficiency for so many companies.

“Technology is not the answer to healthcare transaction management challenges,” says Shelly Biondi, Chief Executive Officer at 9x Data Services. “What healthcare organizations need is an entirely new approach to the management of claims, payments and other administrative tasks.”
What’s even more exciting is the introduction of 9xMED’s Patient Liability Estimator. This tool allows physician practices the ability to estimate the patient’s responsibility at the point of care. This reduces the countless hours, resources and money spent on collecting patient balances not to mention the positive impact on generating top line revenue for the practice.

“We see 9xMED as the de facto platform that will power the healthcare transaction processing market for countless customers,” Biondi says. “It allows all users, regardless of technical ability, to embrace a proper balance of technology and industry best practices to more accurately and efficiently process transaction data.”

For more information about 9xMED, contact Shelly Biondi at 866-966-9553 or e-mail Shelly at shelly(at)9xmed(dot)com.

http://www.9xmed.com

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Michelle Souferian

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