Company on pace to process more than 50 million claims transactions in 2005

"The growing market adoption of Internet-based claims management services by both provider and payer organizations validates our unique business model," said Jim Riley, vice president of sales for Payerpath. "As demand continues to grow, we will stay committed to providing innovative products and services to help providers, payers and hospitals address the high costs associated with managing healthcare transactions."

Missing information, incorrect codes and data entry errors all result in rejected or denied claims and lead to lengthy delays in payment. Payerpath Claims Management is designed to correct these errors and speed the claims process, helping providers to receive prompt, accurate payment. Claims are either manually entered or uploaded from a practice management or hospital information system and submitted to Payerpath's Network Operating Center (NOC) where payer-specific, specialty-specific and HIPAA-specific edits are applied. Claims that pass all edits are sent to the individual payers for processing, and claims that fail any edits are immediately available to the provider's office for correction prior to payer submission.

About Payerpath
Payerpath is a provider of Internet-based financial management software applications and related services for healthcare providers, hospitals and payers. The company's comprehensive suite of applications, led by Payerpath Claims Management, address all steps in the reimbursement cycle—from verifying patient eligibility and correcting inaccurate claims to managing remittance and generating secondary billing. Consequently, providers are able to reduce administrative costs and eliminate payment delays for healthcare services resulting from claims denials. For more information, visit www.payerpath.com.

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