Below is an excerpt from an article by Alpha Review's eBilling partner, Jopari Solutions. This highlights some of the changes on the horizon in the P&C world and the 53 billion reasons for them. The full article can be found here.
"A key aspect of the PPACA is to emphasize the need for Administrative Simplification in healthcare delivery systems. Use of technology to reduce the estimated $53 billion in cost inefficiencies caused by continued use of paper processes has to be an absolute priority for payers of all types. According to Jopari, although the Property and Casualty industry is not presently a Covered Entity under HIPAA rules, the reality is that a significant percentage of the industry's overall claim administration inefficiencies are due to billing and reimbursement processes in Workers' Compensation, Auto Medical and other coverages.
J.R. "Steve" Stevens, CEO of Jopari, explained, "The use of eBilling, ePayment and eReimbursement technologies by P&C companies is quickly gaining traction at the Executive level as well as in Claims operations, both of which are searching for technology to continually improve operating costs. The Group Health industry for years has embraced improvements, such as EDI clearinghouses and EFT, that streamline processing – even though those technologies have not been fully deployed."
If you have any questions regarding eBilling and how Alpha Review can assist you in creating a more electronic and efficient workflow, please contact us.
Thursday, February 23, 2012
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