Navigation Links
Preferred Health Technology Announces Support for MGMA's Project SwipeIT
Date:8/12/2009

CARROLLTON, Texas, Aug. 12 /PRNewswire-USNewswire/ -- Preferred Health Technology Inc. (PHT), whose A-Claim(TM) medical payment solution helps physicians and hospitals accurately determine and collect patient payments at the point of service, today announced its endorsement of the Medical Group Management Association's (MGMA) Project SwipeIT.

MGMA launched its Project SwipeIT (www.SwipeIT.org) initiative in January to encourage government and private insurance plans to issue standardized member identification cards that contain a magnetic stripe with machine-readable information. MGMA says clerical errors and inefficiencies caused by non-standardized cards and those without magnetic stripes cost health care providers $2.2 billion annually.

MGMA wants insurers to commit to issue the cards to members by January 2010, and it is calling on physicians to install low-cost card readers to access the information on the cards.

The group says insurers will realize savings from reduced provider inquiries, fewer claims that must be processed more than once, and other reduced labor costs. Health care providers will save by reducing administrative costs associated with manually keying in patient information and resubmitting claims that are rejected due to clerical errors.

"We are proud to support MGMA in its push to reduce health care costs through standardized insurance identification cards," said Mary Dees Griffith, PHT's president and COO. "PHT has been a pioneer in the use of swipe-card technology to improve efficiency, lower costs and accelerate the revenue cycle for physicians and hospitals nationwide."

PHT's proprietary and innovative A-Claim swipe-card technology system (www.A-Claim.com) enables health care providers to simply and securely verify insurance eligibility, adjudicate claims, and accept credit, debit or prepaid cards and checks for payment at the time of service, before a patient leaves the hospital or office. The system works with all major insurance plans.

By making a payment arrangement before the patient leaves the hospital or doctor's office, providers can increase the efficiency of their billing process and improve overall collections and cash flow. The system offers patients payment choices and allows them to authorize future payment of outstanding bills, reducing the need to write and mail checks and helping them better manage medical expenses.

"We appreciate the support PHT has given our efforts and encourage payers, providers and vendors to follow suit and make the commitment to eliminating $2.2 billion in waste from our system," said William F. Jessee, MD, FACMPE, MGMA president and CEO.

About PHT

Preferred Health Technology Inc., headquartered in Carrollton, Texas, provides electronic payment and transaction-processing services for the health care industry. Its parent company operates one of the largest health care insurance data center sites in the world in support of Medicare, Medicaid, TRICARE, the Federal Employee Program and Medicare Advantage health plans, as well as other private health plans.


'/>"/>
SOURCE Preferred Health Technology Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. U.S. Payers Intend to Limit Preferred Coverage to Only One Immune Biologic
2. CSCs FirstDoc Recognized by EMC as a Preferred Regulatory Compliance Application for Life Sciences Industry
3. Mylan Declares Quarterly Preferred Stock Dividend
4. LodgeNet Interactive Announces Completion of Offering of $57.5 Million of Convertible Preferred Stock
5. Greenway Medical Technologies Supports Community-Based Interoperability Efforts by Offering Preferred Rates to Buffalo, N.Y. Area Community Healthcare Organizations
6. /K I L L K I L L K I L L -- Preferred Health Technology Inc./
7. e-Zassi.com(TM) Specialized Software Systems for the Medical Device Industry Named by LifeScience Alley(R) As Preferred Provider
8. iMedica Selected by NJ Physicians as Preferred EHR Vendor
9. BioMed Realty Trust Declares Second Quarter 2009 Common Stock and Preferred Stock Dividends
10. HealthSouth Declares Dividend on 6.5% Series A Convertible Perpetual Preferred Stock
11. PreferredOne Joins Minnesota Health Information Exchange
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2017)... ... May 26, 2017 , ... The ... seminar to focus on current legislative activity and the latest regulatory concerns impacting ... p.m. Sunday, Sept. 10, and will continue through Monday, Sept. 11, at the ...
(Date:5/26/2017)... Minneapolis, MN (PRWEB) , ... May 26, 2017 , ... ... five U.S. states with the healthiest seniors are located in the Midwest. With the ... 2060, more and more people are concerned with both the quality and affordability of ...
(Date:5/26/2017)... ... 2017 , ... On May 24, the Congressional Budget Office (CBO) projected that ... May 4, would result in 23 million Americans losing their health insurance by 2026 ... Protection and Affordable Care Act (ACA). , “It is clear from the CBO ...
(Date:5/26/2017)... (PRWEB) , ... May 26, 2017 , ... Silver Birch ... community, which is located on more than four acres of land at 5620 Sohl ... , The 103,000 square-foot building includes 125 studio and one-bedroom apartments. Each of ...
(Date:5/26/2017)... ... May 26, 2017 , ... “When the Stars Lead Home”: ... the creation of published author Laura Weigel Douglas, an avid reader who lives in ... house that sometimes feels like Green Hills Adventure Camp. She couldn’t be more grateful. ...
Breaking Medicine News(10 mins):
(Date:5/11/2017)... , May 11, 2017  Thornhill Research Inc. ... been awarded an $8,049,024 USD five-year, firm-fixed-priced, indefinite-quantity/indefinite-delivery ... the Canadian Commercial Corporation (CCC) ( Ottawa, ... Systems to administer general anesthesia to patients requiring ... "The US Marine Corps have been a ...
(Date:5/10/2017)... -- The Corporate Whistleblower Center says, "We are urging ... to call us anytime at 866-714-6466 if they possess ... a substantial scheme to overbill Medicare. We are ... of a medical equipment company if their employer ... practice groups with extra generous incentives to use, or ...
(Date:5/9/2017)... WARSAW, Ind. , May 9, 2017 ... global leader in musculoskeletal healthcare, today announced it has ... Large Employers of 2017" list. The Company was ranked ... categories of Large Employers and Healthcare Equipment and Services. ... U.S. employers based on an anonymous, independent survey of ...
Breaking Medicine Technology: