Submit your claims through EDI to reduce processing delays

EDI or the Electronic Data Interchange has made life simpler for medical professionals in several ways. The efficient way it transfers information between two sources, either the physician to the patient or the claims department, makes it simpler and faster. The EDI set-up works by providing accurate and reliable information, through electronic transfer, at a minimum possible time.

Here are some of the major benefits which show why electronic claim submission is one of the best ways to submit claims.

• EDI is fast and efficient- The new technology has changed the way we operate. No big documentation, no spending grueling hours struggling to meet data, or submission of claims. The EDI offers us swift and accurate claim processing, without delay.

• EDI is cost-effective- Long hours put into filing, documentation, storage, or in papers used to file these claims, or documenting information, all can be saved through EDI set-up. Just an efficient system in place, either in-house, or outsourced, can help in dealing with the mess, albeit without the clutters or the cost spent on manpower. Using electronic claim processing is, therefore, definitely cost-effective.

• Accurate and reduces claim denials – Any electronic system, when handled by an experienced player, and with all systems in place, can give accurate results. As a reward, one can expect precise and accurate results, and fewer claim denials.

• Reduces manpower – Documentation and data entry are something that includes a huge manpower to handle it. When you run a bigger setup, it goes without saying that there are innumerable claims every day, and thus, you would need several people to handle it effectively. EDI, however, has reduced this necessity, with its efficiency.

The Electronic Data Interchange claims to have reduced the cost by almost 35% and also the processing time by more than half (61%). Shifting your claim processes to EDI set-up can, therefore, help you process all clinical transactions successfully, and also at a reduced cost and time.