Medicare is a major source of revenue for many healthcare providers, so finding ways to increase cash flow while lowering their exposure to uncompensated care is a major priority for the provider community
Stamford, CT (Vocus) February 18, 2009
IVANS, the leading provider of corporate connectivity solutions and services, announced that its Real-Time Medicare Eligibility Verification solution has helped Mobile X-Ray Imaging Inc. significantly reduce its costs for uncompensated care by cutting Medicare claims denial rates by 50%. In addition, the facility electronically verifies Medicare coverage ten times faster using IVANS secure, high-speed Internet access called IVANS LIME™, thereby dramatically accelerating its claims workflow process.
By using IVANS solution, Mobile X-Ray Imaging confirms that patient services are approved by Medicare at the time of a visit, reducing denials and ensuring that the facility bills the right payer with accurate claims information. Krystell Maynard, director of finance and human resources at Mobile X-Ray Imaging Inc., said, “Verifying Medicare eligibility for patients over the phone is a time-consuming task for our staff and makes it almost impossible to confirm eligibility at the time of service. A great portion of our business depends on Medicare, so being able to verify electronically is critical. Because of IVANS Medicare eligibility software, we have seen our denial rates cut in half and our staff finds the technology to be ten times faster than using alternative methods such as an Interactive Voice Response (IVR) system.”
Located in Harrisburg, Pennsylvania, Mobile X-Ray Imaging provides care to more than 36,000 patients every year. According to Maynard, they have been so pleased with the speed and accuracy of performing Medicare eligibility checks directly from their computers, they recently added claims inquiries to IVANS LIME to further streamline efficiencies and accelerate the payment cycle.
“Medicare is a major source of revenue for many healthcare providers, so finding ways to increase cash flow while lowering their exposure to uncompensated care is a major priority for the provider community,” explained Tara Mondock, group vice president of healthcare sales at IVANS, Inc. “We expect to continue seeing substantial increases in the number of providers signing up for our real-time eligibility software and high-speed access to Medicare, as they try to balance patient care while reducing risk and preserving cash.”
About Mobile X-Ray Imagining Inc.:
Mobile X-Ray Imaging, Inc. solves a medical service problem for nursing homes, adult assisted living environments, correctional institutions, rehab hospitals, homebound patients and surgical centers. By coming to the care facility within an expedient response time, MXI can perform the needed testing and/or procedures in the comfort and convenience of the resident's familiar surroundings. These mobile services, including X-Ray, Cardiology and Ultrasound diagnostics, are also a cost effective
solution for clients with the escalating cost of patient transportation and hospital services. Currently MXI services over 36,000 patients at about 400 facilities throughout Pennsylvania annually, and is rapidly growing.
IVANS Inc. provides the property/casualty insurance and healthcare industries with fully managed network, electronic data interchange (EDI) and agency-company interface solutions to help solve complex business issues. Headquartered in Stamford, Conn. The Company operates the largest healthcare network providing access to the Medicare Data Communications Network (MDCN) and is an approved vendor for the Centers for Medicare and Medicaid Services (CMS). IVANS serves over 600 insurance and healthcare organizations, more than 30,000 independent agents and 135,000 healthcare providers. With over 25 years of experience successfully managing networks, the company also offers its clients relentless customer service, security solutions, reliable and accessible technical helpdesk support and expert enablement. IVANS, which was formed by 21 insurance companies, also has offices in Tampa, Fla. and Cincinnati, Ohio. For more information, visit http://www.ivans.com.
Cecile M. Locurto
Cecile.Locurto (at) ivans.com