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Opportunities
Our clients are Third Party Administrators (TPA) who give highly individualized and personalized service to their clients. For them, responsiveness is critical. Growth is high for many of our TPA-clients who have earned the trust of their clients by ensuring compliance as the industry around them changes.
While cost efficiency is foremost in our TPA-clients minds, they demand the same level of thoughtfulness in the services they seek from MedValue as the tailor-made products and services they provide their clients.
Challenges
Despite all of the above, our TPA clients face rising costs for claims processing, staff turnover, lack of qualified people and increasing IT capital expenditures. Their customers are highly demanding, the environment is increasingly competitive and TPAs are losing their margins.
Services for TPAs
MedValue works closely with our TPA clients to provide Claims Support Services that meet their unique needs. Our Paper Claims-to-EDI Conversion Services are custom designed for each of our TPA clients who are over burdened by mountains of Paper Claims.
Simple and affordable, MedValue's turnkey solution for paper claims administration cuts claims processing costs, improves accuracy of paper claims adjudication, enhances productivity of claims examiners and archives paper claims for easy and convenient access anytime through an intuitive and secure web interface.
Benefits
- Eliminates handling of Paper Claims
- Cuts Paper Claims Processing Costs by 30%-40%
- Archive, Search, and easily Retrieve Paper Claims at the click of a mouse
- Improves accuracy of Paper Claims Adjudication
- Improves HIPAA and CMS compliance for audit trails and paper claims tracking
- Reduces storage costs
- Improves turnaround times for processing
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MedValue Paper Claims-to-EDI Conversion Services™
MedValue's Paper Claims-to-EDI Conversion Services™ improves the profits of TPAs by reducing the cost of processing claims.
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MedValue Document Management Services™ (DMS™)
MedValue Document Management Services™ (DMS™) is a suite of integrated document management tools and services designed to enhance the effectiveness of your staff and the Claims they handle each day.
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