As the industry leader, Medac continues to refine its business processes as part of our commitment to continuous improvement.
We are unique in our willingness to dedicate resources and spend money to make sure that our clients' charges are billed accurately and that we achieve the maximum reimbursement.
Independent studies released at the joint ASA/MGMA meeting have shown that medical claims are underpaid by over $5,000,000,000.00 annually and fewer than 6% of these claims are appealed and followed through to proper reimbursement. At Medac we take the extra time and use the necessary resources to make sure that our clients' money is not in that number.
Through the KAM2000 Anesthesia Billing Platform:
Medac is able to submit nearly 90% of all charges electronically and nearly 80% of electronic charges are collected within 30 days.
Through real-time reimbursement and contract monitoring, 98% of all underpaid claims are caught and adjudicated to proper payment.
Medac has achieved a paperless infrastructure where patient demographics are captured via electronic download and all patient records are scanned on site and verified for accuracy. We are getting the work done while other billing services are still trying to find it!
All teams and team members can be monitored and view their effectiveness and accuracy scores in real-time.
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