Payerpath Unveils New Claims Status Module
Payerpath Claims Status enables physician practices and hospitals to further improve their administrative workflow, leading to more effective revenue cycle management
Richmond, VA (June 21, 2005) — Payerpath Inc., a leading provider of Internet-based financial transaction solutions for healthcare providers, hospitals and payers, today announced the commercial availability of Payerpath Claims Status. Through the use of this automated claims status module, which is integrated into the company's Payerpath Claims Management system, physician practices and hospitals can submit real-time queries to payer organizations to determine the status of a transmitted claim. As a result, these organizations can significantly reduce the time spent waiting for information from the payer concerning payment rejections, thus shortening the payment cycle.Here's how Payerpath Claims Status works:
- The user submits either a single or batch claims status query to the payer through the Payerpath system.
- Once the query is submitted, a response is generated to the "charge line" level – indicating the actual status of each charge within a claim – and then delivered to the user via a response report. This report is saved in the system for future reference.
- The claim or claims are updated to reflect the most current status at the payer, and can then be filtered and sorted by the user based on status.
"This new module puts up-to-the-minute claim status information in the hands of our physician practice and hospital users, enabling them to further improve their administrative workflow," said Laura Walters, product manager for Payerpath. "In addition, we are able to be a more complete transactional partner for the growing list of payers who use Payerpath as their comprehensive EDI solution partner."
The addition of Payerpath Claims Status further strengthens the company's comprehensive suite of products. Other Internet-based financial transaction solutions available through Payerpath include Claims Management, Eligibility Verification, CodeCorrect, CodeCheck, Secondary Billing, Patient Statements and Remit Posting.
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.
For Additional Information Contact:
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Brad Dodge bdodge@dodgecommunications.com 770-663-6343 |