With FTPR Save Money and Improve Efficiency

It is important to develop close and interactive partnerships with payers and their providers and allow achieving a superbly high level of quality, knowledge and service to customers and partners. The incentive programs are designed to support providers in their Health IT transition and instill the use of EHRs in meaningful ways to help practitioners to improve the quality, safety, and efficiency of patient health care.

Revenue cycle management is a significant component of any medical practice aims to achieve effective patient care for medical providers through an easy transition from paperless system. Through advanced technology, EHR works toward saving money and improving efficiency in medical organizations. EHR provides vital services such as billing and claims data in addition, the clean interface of EHR helps physicians keep their tasks organized and easy to reach.

Through streamlining the medical billing process and managing the details of appointments, EHR helps physicians to focus more time to patient healthcare and less time on administration. Whereas Payerpath first time pass rate reach 98%, significantly better than the industry average of 90-92%.

According to Collaborate MD their monthly first pass claim acceptance rate across all of our customers has consistently averaged 99% — 29% higher than the national average! In fact, a large portion of customers experience between 99–100% first pass claims acceptance at the clearinghouse.

Healthcare financial dealings give us a solid understanding of the challenges facing the industry and allow us to develop leading technologies that participate to the overall success, efficiency and reliability of the healthcare community.

References:

1. http://www.payerpath.com/default.html
2. http://www.jazdhealthcare.com/healthtech/company/Allscripts-Misys-Healthcare-Solutions-Inc.htm?categoryPath=Finance-and-Administration%2FRevenue-Management%2FHealthcare-Revenue-Cycle&supplierId=20000666&view=brief
3. http://www.collaboratemd.com/benefits/claim-acceptance-rate
4. http://www.jazdhealthcare.com/healthtech/company/Allscripts-Misys-Healthcare-Solutions-Inc/Payerpath-Overview.htm?supplierId=20000666&productId=3887
5. http://www.business-software.com/product/eclinicalworks-emr/