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iHCFA.com Carriers Update: July 9, 2010
iHCFA.com announced that it has executed an Agreement with AUTO INDUSTRY
SOLUTIONS (AIS) for the electronic submission of Claims and Supporting Documents
for the following Auto Carriers:
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Access General Insurance
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Allstate Insurance
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American Commerce Insurance
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Buckeye Insurance Group
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Celina Insurance Group
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CENDANT
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Commerce Insurance Company
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ESIS
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Farm Bureau Mutual
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Indiana Farm Bureau
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Mapfre Insurance Company of Florida
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Northfield Insurance
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Northland Casualty Insurance
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Permanent General Assurance Corp(PGAC)
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SAFECO
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Scottsdale Insurance
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Sedgwick Claims Management
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State Wide Insurance
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Tower Group Companies
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Universal Underwriters Ins. Company
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USAA
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Vermont Mutual Insurance
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Workmens Insurance Group
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iHCFA.com Carriers Update: July 1, 2009
iHCFA.com announced that it has executed an Agreement with PREMIER PRIZM
SOLUTIONS, LLC for the electronic submission of Claims and Supporting Documents
for the following Auto Carriers:
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Geico - NJ |
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First Keystone - NJ |
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Amica - NJ |
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Countryway - NJ |
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Electric Insurance - All states |
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Gainsco - Florida |
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Auto One - NJ |
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MetLife - NJ |
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Mercury - NJ |
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AMR Certification: Oct 21, 2009
iHCFA, LLC is proud to announce that it has been certified by the New York
Workers' Compensation Board to submit the AMR electronically to the Board.
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Electronic Processing of Health Claims Speeds Payments, Cuts Costs
(WASHINGTON, DC) - The proportion of insurance claims submitted to health plans electronically has more than tripled in the last decade, reducing administrative costs and significantly speeding up payments to doctors and hospitals.
"The concerted efforts of health insurance plans to speed claims payment and cut administrative costs have already led to significant improvement and savings," said AHIP president and CEO Karen Ignagni.
"These data clearly show the best way to speed claims payment and to further reduce administrative costs is not through costly, new 'prompt pay' mandates, but rather to continue encouraging greater use of electronic claims submission," Ignagni said
Claims that are delayed or 'pended' because they are incomplete, incorrect or duplicative take on average an extra 9 days for processing, adding to costs and slowing payment.
The study is based on aggregated data from nearly 25 million claims processed by a sample of 26 health insurance companies of various sizes throughout the United States.
The full report is available at http://www.ahipresearch.org/pdfs/PromptPayFinalDraft.pdf
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Faster Payment |
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No More Lost Bills |
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Electronic Confirmations |
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Missing Information Identified |
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On-Line Error Corrections |
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No Mailing Expenses |
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In its continuing effort to use technology to benefit policyholders, claimants
and medical providers, New York State Insurance Fund CEO/Executive Director
David P. Wehner announced that NYSIF has developed a state-of-the-art process
for the electronic receipt of medical bills . . .
more
Providing Workers' Compensation benefits, Disability, Volunteer Firefighters',
Volunteer Ambulance Workers' and Volunteer Civil Defense Workers' benefits on
behalf of their customers . . . more
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