Navigation Links
MTBC First Medical Billing Company in the U.S. To Offer Automated Real-time Adjudication of Claims
Date:7/30/2008

MTBC also launches the PDA version of its web-based billing platform

SOMERSET, N.J., July 30 /PRNewswire/ -- MTBC, the unique revenue cycle and practice management company, has executed automated real-time adjudication (RTA) of claims for patients with United Healthcare insurance. MTBC believes it is the first U.S. billing company to achieve this breakthrough with any insurer.

RTA provides an immediate adjudication of insurance claims and allows a physician practice to determine and collect the full payable amount -- not just the patient co-payment. RTA has not been widely used because of technology hurdles and repetitive manual submission that is time-consuming and error prone. MTBC is now rolling out its automated RTA process to its clients and is actively developing and testing the interface and communications channels for other insurers and 3rd party vendors that offer RTA implementation.

"This advance demonstrates that we're a nimble technology company that acts quickly on the issues reshaping the entire healthcare industry," said David Rosenblum, president of MTBC. "We are committed to maximizing and accelerating our clients' collections, and RTA is one step in achieving that."

In its continual campaign to reduce costs through process improvements, MTBC already performs all-inclusive billing at only 4 percent of collections, a rate typically 25 percent - 50 percent less than that of most medical billing services.

With MTBC, Practices Access Their Billing Through PDAs

In an additional IT development, MTBC has launched the PDA version of its billing platform so that clients now access their practice's accounts receivable, scheduler, financial reporting, claims tracking and other data through an iPhone, Blackberry and Windows Mobile device.

"As a web-based billing company, we're always building on 24/7 accessibility for physicians and practice administrators -- and few if any companies can match us in this area," said Mr. Rosenblum.

ABOUT MTBC

Founded in 1999 and based in Somerset, NJ, MTBC performs revenue cycle and practice management for healthcare providers in all specialties. The standard service, billed at 4 percent of collections, includes practice management tools, financial reporting capabilities, online patient scheduling and office forms, and online access to billing and scheduling information. The premium service, billed at 5 percent of collections, includes full integration with a third-party EMR, real-time insurance eligibility verification, digital prescribing and electronic lab requisitions. To learn more about MTBC's medical billing and its medical transcription services, visit http://www.mtbc.com.

From: MTBC (Medical Transcription Billing Corp.)

7 Clyde Road

Somerset, NJ 08873

http://www.mtbc.com

Contact: Axiom Communications

James A. Quirk, VP/Media Relations

(201) 348-8998

MTBC

Michael Menche, VP/Marketing & Sales

(732) 873-5133

mmenche@mtbc.com


'/>"/>
SOURCE MTBC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. STERIS Corporation Announces Fiscal 2009 First Quarter Results
2. FGX International Reports Strong Sales and Earnings Growth for the Second Quarter and First Six Months of 2008
3. Hanger Orthopedic Group, Inc. Beats First Call Q2 EPS Estimates by $0.05 on 13% Sales Growth and 57.2% Growth in Net Income
4. Geneva Offers First Cardiovascular Technology Graduate Program in the Nation
5. The First Surviving Set of African American Sextuplets To Be Profiled on Discovery Healths Then Came 6
6. China Medical Technologies to Announce Financial Results for the First Quarter Ended June 30, 2008 on August 4, 2008
7. Thomson Reuters Publishes CMR Internationals 2008 Pharmaceutical R&D Factbook, Now Available for the First Time Online
8. Study shows emergency physicians have good first instincts in diagnosing heart attacks
9. iCRco Conducts First Annual Asia Pacific Distributor Training Program
10. Fairhope Vintners Offers First Release of Classically Styled Napa Valley Cabernet Sauvignon Wines
11. HealthMedia Launches First-Ever Binge Eating Campaign and Intervention to Take on Nations Top Eating Disorder
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/5/2016)... ... ... While the practice and profession of Aging Life Care is not new, there ... and resources. Aging Life Care plays an important role as these professionals are prepared ... Care is a holistic, client-centered approach to caring for older adults or others facing ...
(Date:5/5/2016)... ... May 05, 2016 , ... The ... electronic cigarettes, requiring e-cigarette manufacturers to submit their products through an arduous federal ... all vaping products that entered the market since February 15, 2007. That would ...
(Date:5/5/2016)... ... ... This weekend, from Friday, May 6 - Sunday, May 8, fifteen elite athletes from ... Semper Fi Mountain Bike Camp, hosted in conjunction with WTB and Cannondale ... Jason Moeschler, who’ll share pro tips with the injured veterans as they rip down some ...
(Date:5/5/2016)... ... May 05, 2016 , ... LELO has discovered many ... LELO fans reach out via email, social media and on the Volonté blog seeking ... the way I masturbate ‘normal’ or ‘correct’?” , While some methods are more common ...
(Date:5/5/2016)... ... May 05, 2016 , ... An ... all U.S. states and certain Canadian provinces is now available from the International ... Institute (WCRI). , The report, Workers’ Compensation Laws as of January ...
Breaking Medicine News(10 mins):
(Date:5/4/2016)... , May 4, 2016 ... addition of the  "Global Multiple Myeloma Market ... to their offering.       (Logo: ... Myeloma Market and Competitive Landscape Highlights 2016, ... products, Multiple Myeloma epidemiology, Multiple Myeloma market ...
(Date:5/3/2016)... India , May 4, 2016 ... spreads across 154 pages, profiling 09 key companies ... is a professional and in-depth study on the ... a basic overview of the industry including definitions, ... Needles market analysis is provided for the international ...
(Date:5/3/2016)... , May 3, 2016 ACME ... Whelan and Delaware County Councilman ... Nasal Spray in all ACME pharmacies across ... for Disease Control and Prevention (CDC), naloxone has saved 26,463 lives ... officers in Delaware County were authorized to ...
Breaking Medicine Technology: