In medical billing, time is extremely important because when it comes to claim submissions there is some serious revenue on the line. A timely filing limit is a constant, lingering due date that healthcare providers need to understand.
As a healthcare provider, one of the most frustrating facets of working within the industry is inevitably facing denied insurance claims. Whether it happens due to expired insurance, or your employees entering the information incorrectly, it's something that all healthcare providers have to pay particular attention to. If these denied claims are not managed properly, healthcare providers could lose thousands of revenue dollars.
Think about how much information your doctor’s office has to digest within one day. Let’s say it’s a small healthcare provider that sees an average of 20 patients on any given day. Each of these patients has different health insurance’s that all process and respond differently. Now imagine how many patients have different health insurance’s in a larger practice or even a hospital, the numbers add up quickly.
We are pleased to announce a new partnership as EncounterWorks' preferred clearinghouse. We look forward to working with their clients and place a special emphasis on the customer service we provide for them. Furthermore, current EncounterWorks clients can look forward to a plethora of new features that make it easier than ever to send and receive claims.
30 years ago, the first data exchange occurred between two companies via an electronic medium. They didn’t realize it at the time, but those two companies participated in what is now known as EDI or Electronic Data Interchange. Originally, EDI was inspired by military logistics as a way to exchange vast quantities of data. Since then, millions of users, organizations, and government agencies participate in EDI every day.
Etactics, Inc. has reached a new record for the most successful webinar held! Registered attendees reached well over 100! On June 25th 2015, Etactics held an educational webinar "Preparing a Denials Management Prevention and Appeals Strategy for the coming ICD-19 World. The presentation was given by Senior Vice President Carl Trownson. The webinar was 40 minutes long and highlighted ways to prevent denials for upcoming ICD-10. ICD-10 will be implemented October 1st 2015, and claim error rates are expected to more than double.