by phone or fax for security purposes!How Electronic Medical Claims Processing Works and
Examples of Claim Costs.
You submit your paper claims to me daily, weekly, or as desired. The claims are then keyed into the EMC system and a notation is place on the claims the date they were electronically transmitted. The claims, date-stamped with time of electronic filing will be returned to you at the end of each week or bi-weekly.
What I will need from you: Copies of your Superbills and Patient information.
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Medical Billing - Examples of Costs - Per Claim | ||
| Quantity | Per Month | Each |
| 1 - 99 | $5.00 | |
| 100 - 199 | $4.50 | |
| 200 - 299 | $4.00 | |
| 300 + | $3.00 | |
| Patient Statement Invoice | Per Claim | Total |
| 50 Statements @ | $3.00 | $150.00 |
| One Time Set-up fee | $300.00 | |
| Monthly Report Fee | $25.00 | |
| Paper claims are generally paid in 30-90 days | ||
| Electronic claims are generally paid in 7-14 days | ||
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Read some of the affects of : | |||
| Paper | vs. | Electronic | |
| Rejection rate: | 35% | 2% | |
| Preparation: | 15 min.+/- | 2 min. +/- | |
| Cost per claim: | $ 8 - $10 | $3 - $5 | |
| Advisement of Problems: | After rejection | Immediate | |
| Receipt of Payments: | 30 - 90 + | 1-2 weeks | |
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Consider sending my office a test batch. See for yourself the changes electronic submission can speed your waiting time for payment on claims | |||
Medicare and many other major insurance companies pay electronic claims before paying the paper claims.