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:2/24/2017)... ... 24, 2017 , ... Congratulations to Head Over Heels’ elite ... 12th. Ms. Esparza qualified into this prestigious status after winning the Vault, ... Vegas, Nevada. Frida is one of approximately 25 gymnasts in the nation who ...
(Date:2/23/2017)... ... February 23, 2017 , ... The Lymphoma Research Foundation (LRF) ... and serving the lymphoma community through a comprehensive series of education programs, outreach ... in Miami Beach to host its Swirl: Miami Wine Tasting Event on March ...
(Date:2/23/2017)... ... February 23, 2017 , ... Rosica Communications, a ... content marketing, social media management, corporate communications, SEO and cause marketing, is opening ... in nearby New Hampshire, Massachusetts and Canada, Rosica will focus on expanding its ...
(Date:2/23/2017)... ... February 23, 2017 , ... ERT, a global ... announced that Premier Research, a leading clinical development service provider, has selected ERT’s ... increasingly complex, due in part to an array of circumstances including the use ...
(Date:2/23/2017)... ... February 23, 2017 , ... CALNOC, the nation’s first and only ... their upcoming conference – Empowerment, Value and Collaboration – in Seattle, WA on October ... the Virginia Mason Health System in Seattle since 2000. In addition to his role ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... Medical, Inc. (NASDAQ: CGNT), a medical device company that ... urology market, will release financial results for the fourth ... the market open on Thursday, March 9, 2017. ... and webcast to discuss its financial results the same ... Eastern Time (10:00 a.m. Central Time). Darin Hammers ...
(Date:2/23/2017)... 2017 Nevro Corp. (NYSE: NVRO), a global medical ... treatment of chronic pain, today reported financial results for the ... 2016 Accomplishment & Highlights: Achieved ... increase of 228% as reported, over the prior year ... of 612% over the prior year International ...
(Date:2/23/2017)... 2017 Im Rahmen seiner Schlüsselwachstumsstrategie arbeitet ... der südwestlichen chinesischen Provinz Guizhou, 2017 mit dem Angebot von ... an der Entwicklung einer eingebetteten Hightech-Schlüsselindustrie. Foto - ... ... ...
Breaking Medicine Technology: