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Medical Billing Software

 
Electronic Claims Benefits
1. Reduce costs

You won't be paying postage or costly express delivery charges.

2. Increase productivity

One click and your claims can be transmitted directly to your Clearinghouse. With up to a 98% accuracy rate, you won't wait days to find out if a claim is rejected by the designated payer. You'll know within seconds.

3. Receive reimbursement much faster.

Electronic claims filing eliminates time wasted on mail float. Instead of the usual 45 day turnaround to receive funds, you can receive payment and an EOB in as little as 7-14 days.

4. Streamline your office procedures.

You only need one medical billing software product, which interfaces with the top practice management systems in use today including Lytec Systems. One transmission, one protocol, and one support number make it easy to handle all of your claims at one time.

5. Confirm claim submission.

Acknowledgment and transmission balancing assure you that the appropriate payers receive your claims.

By processing your claims electronically you receive priority processing. Your electronically submitted claims go directly to the payer's processing unit, ensuring faster turnaround. Paper claims are processed only after manual sorting and batching.

Many practices are turning to electronic claims submission because of the vast time and money savings that result. Processing insurance claims electronically improves cash flow, reduces the expense of claims processing and streamlines internal processes allowing you to focus on patient care. A paper insurance claim typically takes about 45 days for reimbursement, where the average payment time for electronic claims is 14 days. The reduction in insurance reimbursement time results in a significant increase in cash available for the needs of a growing practice. In addition, a practice that submits 200 electronic claims per month may save as much as $100% per month by reducing the internal expenses associated with processing paper claims. Reduced labor, office supplies and postage all contribute to the bottom of the practice when submitting claims electronically.