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:2/9/2016)... ... February 09, 2016 , ... URise ... its newest mobility device, the StandUp Walker. Made entirely in the USA, the ... last 50 years. , StandUp Walker’s novel patent-pending design offers 2-in-1 benefits ...
(Date:2/9/2016)... MA (PRWEB) , ... February 09, 2016 , ... ... (WCRI) compares the workers’ compensation fee schedule rates and Medicare rates for a ... services covered in the report, Evaluation of the 2015 Fee Schedule Rates ...
(Date:2/9/2016)... Atlanta, GA (PRWEB) , ... February 09, 2016 ... ... partnered with Transformation Solutions, LLC to help enterprises move workloads to the cloud. ... to directly connect to their cloud without traversing the Internet. Transformation Solutions ...
(Date:2/9/2016)... , ... February 09, 2016 ... ... and e-book publishing software, in partnership with Snowfall4pod Digital, creators of the ... comprehensive book publishing, content management, global distribution and print-on-demand network. , AVALANCHE ...
(Date:2/9/2016)... ... February 09, 2016 , ... BioPlus Specialty Pharmacy (BioPlus), ... the ‘Pay It Forward’ program into 2016. BioPlus partners with several non-profit patient ... , “Since our Pay It Forward program began, we are proud to ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... 9, 2016   AllCare Plus Pharmacy announced ... Seal of Approval ® for Home Care ... standards. The Gold Seal of Approval ® is ... to providing safe and effective care.  ... underwent a rigorous on-site survey in January 2016. The ...
(Date:2/9/2016)... -- Amarantus BioScience Holdings, Inc. (OTCQB: ... Regenerative Medicine, Neurology and Orphan Diseases, today announced that ... Capital Group,s 2016 Disruptive Growth & Healthcare Conference which ... New York City . The Company,s presentation will ... pm by Gerald E. Commissiong , President & ...
(Date:2/9/2016)... Feb. 9, 2016 The new report "Global Diagnostic Ultrasound ... & Consulting group reveals that global diagnostic ultrasound devices market was ... to US$ 7,466.3 million by 2019 at a CAGR of 6.8% ... global ultrasound market has been analyzed for six geographies of ... Asia-Pacific , Latin America , ...
Breaking Medicine Technology: