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:5/26/2016)... ... May 26, 2016 , ... Eugene Batelli, ... Along with his wonderful accolades and stellar patient reviews, Dr. Batelli continues to ... , Dr. Eugene Batelli is a highly trained Podiatric Surgeon who specializes in ...
(Date:5/26/2016)... Pass, OR (PRWEB) , ... May 26, 2016 , ... ... of Bio-Logic Aqua® Research Water Life Science® and international water advocate, was honored by ... of the women in ancient Egypt who knelt on the banks of the Nile ...
(Date:5/26/2016)... Columbus, Ohio (PRWEB) , ... May 26, 2016 ... ... thought leader Mike Morrow-Fox . With over 20 years of experience in ... organizations, as well as several years of university teaching, Morrow-Fox will be featured ...
(Date:5/26/2016)... CT; Scottsdale, AZ (PRWEB) , ... ... ... insights consultancy, Actûrus , is happy to announce the launch of ... thinking of the funnel model to reflect the dynamic landscape of modern ...
(Date:5/26/2016)... ... May 26, 2016 , ... In Madeira Beach Florida, a small town ... drawbridge, citizens formed an organization, Madeira Beach United, to oppose two development projects undertaken ... town center to a high rise urban environment. , According to the Tampa ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... May 25, 2016 Digital Health Dialog, ... it by the US Patent and Trademark Office ... includes proprietary processes for electronic opt-­in and processing ... wellness programs, HIPAA compliance and otherwise. ... "Our technology allows for individuals ...
(Date:5/24/2016)... , May 24, 2016 ... den Markt gebracht, die es Ärzten erlaubt, ihre ... zu behandeln: MDLinking kombiniert Live Streaming mit einer ... Umfeld zu kommunizieren. Mediziner in Europa, Afrika, Asien ... sich bereits für die Plattform registriert. ...
(Date:5/24/2016)... , May 24, 2016  Diana Russell suffers ... her organs from the inside out.  This disease has ... dependent on her children and grandchildren to leave her ... wheelchair, Diana,s family cannot haul the wheelchair.  So if ... the car, and Diana is left to wait for ...
Breaking Medicine Technology: