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Why send claims electronically?
The object of electronic billing is to eliminate paper generated
medical claims, to submit cleaner claims to payors/carriers, provide
faster payment, and to help providers and payors/carriers cut the
costs involved in processing paper and erroneous claims. The average
cost to submit a paper claim is $5.00 and normal payment is 60 to
120 days. The cost of an electronic claim runs less than $.45 and
payment can be received in 7 to 14 working days. Both the government
and insurance carriers are moving toward requiring electronic transmittal
of claims to help reduce costs.
How do I sent my claims electronically?
It is very simple with the Speedy Claims Electronic software.
You simply create the claims normally. Once you are done with
all your claims you select the claims you want to send and click
the ECH button once. This creates the file you will send to
the clearinghouse using their internet portal or their transmission
software.
Can I send my claims directly to Medicare?
Speedy Claims is set up to utilize a clearinghouse. You cannot
send directly to Medicare.
What is a clearinghouse?
A clearinghouse is like an electronic post office. You send all
your claims to them and they sort them out and make sure they go
to the right place and in the right format. They charge a small
fee (about the same as a stamp) but can save you a lot of time and
frustration trying to send your claims individually.
Which clearinghouse can I use?
You can use any clearinghouse that accepts the "print image".
Most of them do.
Do you have a clearinghouse?
No, but we can recommend several of them to you.
Sign up for electronic claims today and start saving money and
time and maximizing your income.
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