Straight Through Billing Technology
Posted on:3/24/2006
| Straight Through Billing technology streamlines and expedites billing process by automating claim validation, payer message reconciliation, and billing workflow management. |
Straight Through Billing technology streamlines and expedites billing process by automating claim validation, payer message reconciliation, and billing workflow management. First, automated claim validation eliminates errors downstream and reduces processing time because it flags errors before submitting the claim to payer. Next, automated claim-message reconciliation eliminates costly search for the original claim and standardizes message communication, further eliminating the need to decipher the (often cryptic) payer's message. Finally, billing workflow management drives the followup discipline required for resolution of claim denial and underpayment incidents and establishes high degree of process transparency for all billing process participants, resulting in full and timely payments.
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