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Why send claims electronically?
The object of electronic billing is to eliminate paper generated
medical claims, to submit cleaner claims to payors/carriers, provide
faster payment, and to help providers and payors/carriers cut the
costs involved in processing paper and erroneous claims. The average
cost to submit a paper claim is $5.00 and normal payment is 60 to
120 days. The cost of an electronic claim runs less than $.45 and
payment can be received in 7 to 14 working days. Both the government
and insurance carriers are moving toward requiring electronic transmittal
of claims to help reduce costs.
How do I sent my claims electronically?
It is very simple with the Speedy Claims software. You simply create
the claims normally. Once you are done with all your claims you
select the claims you want to send and click the ECH button once.
This creates the file you will send to the clearinghouse using their
internet portal or their transmission software.
Can I send my claims directly to Medicare?
Speedy Claims is set up to utilize a clearinghouse. You cannot
send directly to Medicare.
What is a clearinghouse?
A clearinghouse is like an electronic post office. You send all
your claims to them and they sort them out and make sure they go
to the right place and in the right format. They charge a small
fee (about the same as a stamp) but can save you a lot of time and
frustration trying to send your claims individually.
Which clearinghouse can I use?
You can use any clearinghouse that accepts the "print image".
Most of them do.
Do you recommend a particular clearinghouse?
Yes. We have worked with the ET&T Clearinghouse for over 9
years. We highly recommend that you use them as your clearinghouse.
ET&T has agreed to discount their rate to Speedy Claims users.
They are dropping 10 cents off the regular rate of $.45. You pay
only 35 cents per claim when you send your claims from the Speedy
Claims software. That is less than the price of a stamp to mail
the claim!
Sign up for electronic claims today and start saving money and
time and maximizing your income.
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