This page contains a Flash digital edition of a book.
tered into the adjudication system by the health plan’s mailroom staff. With standard, electronic attachments, departments can shorten that cycle, resulting in faster reimbursement. At Medical Electronic Attachment (MEA), clients who utilize the electronic attachment solution are able to reduce their outstanding receiv- ables by 10 to 14 days. The resulting improvement in cash fl ow can be critical to any organization.


After a tumultuous year of policy change in the healthcare and health insurance industries, a revolutionary idea that promotes streamlined effi ciency is critical.


Cut operational costs


Utilizing electronic attachments is less expen- sive than paper. We have already discussed the time savings in personnel costs, but there are also significant operational cost savings as well. MEA


charges their institutional clients a nominal fee per transaction. This is not a per-page fee, as a transaction can contain hundreds of documents. Whereas, if you send paper copies through the mail system, industry studies estimate that this costs a minimum $1 per claim, just for paper and postage. In addition, many institutions are mailing these attachments via certified mail. Whether you have hundreds or hundreds of thousands of claims each month, the cost savings will significantly af- fect the bottom line.


There are changes coming quickly. The Huff- ington Post reported in March 2010 that the healthcare reform bill would cost taxpayers $940 billion over 10 years. After a tumultuous year of policy change in the healthcare and health insur- ance industries, a revolutionary idea that promotes streamlined efficiency is critical.


Don’t wait for the government to mandate how you operate. Develop a strategy today to integrate electronic attachments into your operations to provide cost savings and effi ciencies.


HMT


HEALTH CARE ADMINISTRATION INCREDIBLE GROWTH. OUTSTANDING OPPORTUNITIES.


The U.S. Bureau of Labor Statistics projects 3.2 million new health care jobs by 2018—more than any other industry. Take advantage of that growth and help meet the challenges of a new health care environment with a Master of Science degree from University of Maryland University College (UMUC). You’ll gain the skills you need to take a leadership role in a variety of health care businesses and organizations.


Enroll now. Copyright © 201 University of Maryland University College Visit us at HIMSS, Booth 8283 www.healthmgttech.com


 administration or health administration informatics


 


  payment plan available


800-888-UMUC  umuc.edu/delivercare Visit www.rsleads.com/101ht-008 HEALTH MANAGEMENT TECHNOLOGY January 2011 15


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36