Streamlining Insurance Collections With Hipaa Electronic Transactions
Reducing the time to collect payment is the primary means of increasing revenue and cash flow. Using HIPAA electronic transactions can significantly streamline the insurance collection process.
Electronic Submission (837 Professional and Institutional) versus US Mail
Although sending claims electronically is now common, it is important to point out how electronic claims have improved the process of collecting payments efficiently.
In the past, claims were mailed to the payer. The claim waited for the mail to be picked up and sent through the postal service and finally delivered to the payer where the claims were sorted and distributed to employees charged with evaluating the claim and approving payment. All paper claims were reviewed manually for errors and incomplete information. The time elapsed could take up to several weeks.
Chiropractic Office Billing Software And Personal Injury Protection (pip) In New Jersey (interview)
Barry Fredson has been practicing law for nearly four decades. His office specializes in collecting Personal Injury Protection Benefits (PIP) for medical providers in the State of New Jersey. Last week, we had a chance to speak with him.
Question: What is Personal Injury Protection?
Barry Fredson: The system as established in New Jersey requires that providers of medical benefits to those injured in automobile accidents are paid promptly and according to a fee schedule. The concept is excellent however, insurance companies tend to delay and deny payments.
Question: Is it difficult to get paid?
