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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.



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