Most Popular Stories
- SPOTLIGHT: Rule change cuts reimbursement rates at NY hospital system in half
- Bad accounting creates financial crisis at Fla. health system
- 'Stories of Success!' highlight 16 organizations using HIT to improve quality
- Some hospitals see positives in recession
- Short EHR implementation timeline could lead to errors
- CHS sued by collections agency
Featured Jobs
-
NYU EPIC Healthcare Information System Implementation
NYU Langone Medical Center - New York, NY -
Dir of Surgical Services - SAN Job in CO
StaffPointe, LLC - Frisco, CO -
Ophthalmology Administrator
Jericho HR Group - New York, NY -
Neurologist Job in Missouri
StaffPointe, LLC - northeast, MO -
Neurology Job in Arkansas
StaffPointe, LLC - northwest, AR
Events
- Healthcare IT Institute
May 2nd-4th — Atlanta, GA - PBMI 15th Annual Drug Benefit Conference
February 17-19, 2010 - AIIM Expo + Conference
April 20-22, 2010 — Philadelphia, PA - 7th Annual World Health Care Congress
April 12-14 — Washington, DC
Paid Research Reports
- Pricing and Reimbursement in Key Asia Pacific Markets
- Delivery Mechanisms for Large Molecule Drugs: Successes and failures of leading technologies and key drivers for market success
- The Cardiovascular Market Outlook to 2013: Competitive landscape, global market analysis and pipeline analysis
- Intellectual Property and Outsourcing in China: Minimizing risk whilst maximizing return on investment
- Health Care Equipment & Supplies: Global Industry Guide
- 2009 Trends to Watch: Healthcare Technology
FierceHealthIT gives you the must-know news, market trends, developments and insights about the health IT industry with a special focus on critical growth areas such as CPOE, HIPAA compliance, EMRs, electronic health records and point-of-care IT. Sign up today to receive your FREE weekly briefing on healthcare IT.
Free Newsletter
FierceHealthIT is the leading source of Healthcare IT news with a special focus on CPOE, EMR adoption, HIPAA compliance and other critical areas. Join 30,000+ healthcare industry insiders who get FierceHealthIT via weekly email for their must know IT news. Sign up today!
About | View Sample | Privacy
Latest News
Popular Topics
Whitepapers
- Do Chiropractic Physician Services for Treatment of Low Back and Neck Pain Improve the Value of Health Benefit Plans?
- Improving Heart Failure Outcomes through Interactive Patient Care: The Sentara Virginia Beach General Hospital Experience
- Solutions for Health Insurance Portability and Accountability Act (HIPAA) Compliance
- EMR Return on Investment: Improving Efficiency and Quality with an Electronic
- Warning Signs of a Distressed Hospital
- Making the Right Long-Term Prescription for Medical Equipment Financing
Electronic claims submission could save $11B per year
Right now, 25 percent of physician claims are submitted on paper each year. That's a whopping 3 billion claims still being handled the old-fashioned way. The vast majority of those claims are being filed by small provider offices with one to five physicians. Meanwhile, a full 90 percent of payments to providers come in the form of paper checks rather than electronic transfers.
The healthcare industry simply can't allow things to stay this way, argues MD On-Line CEO Bill Bartzak, who spoke at last week's session of the World Health Care Innovation and Technology Congress in Alexandria, Va.
Bartzak's company offers practices free access to a Web-based system offering batch claim processing for those with practice management software; another web-based option for practices without practice management software; patient eligibility verification; patient statements and electronic claims payment information.
Offering such tools to lagging practices is critical, Bartzak said. Converting these remaining paper claims to digital form could save $11 billion per year, and full use of EDI technology could save $86 billion per year, he told the audience.
According to Bartzak, it doesn't make sense to focus on more advanced electronic data exchange options until you address the physicians who aren't on board. "[Much of the industry] may be at phase III in this process, but the doctors we're trying to get out of paper are in phase I," Bartzak told the session attendees. "Under five-person practices are the biggest culprits."
Along with some other competitors, Bartzak has started working with payers to streamline their claims and electronic payment processes. One of his clients is giant health plan WellPoint, which has been working to convert paper submitters to electronic claims.
Over the last 12 months, WellPoint has been able to convert more than 550,000 claims, that would otherwise have been on paper, to digital submissions. Last month alone, nearly 110,000 newly-digital claims were submitted by more than 5,000 practices.
To foster this kind of change across the industry, however, it may require getting tough, Bartzak argues. For example, he's in favor of a 2007 directive issued by the state of Minnesota requiring health plans and providers to file claims electronically. "Electronic claims are not an opportunity, they're a necessity," he says. "It's time to draw a line in the sand."
To learn more about MD-Online:
- visit the company's site
Related Stories
- WellPoint data may have been compromised
- SPOTLIGHT: WellPoint offers cellphone-accessible provider directory
- Coalition wants e-prescribing included in Medicare reform
- EMR vendor offers free, limited physician access
- Investment firms seeking health IT deals
- ALSO NOTED: BPO for PA health plan; 'Virtual' vendor supports CA EMR upgrade; and much more...
- GA Blue plan sends benefit letters to wrong addresses
- WellPoint deal lets health plan create national HIE
- Minnesota requires electronic claims submission
- Report: Hospital IT spending to hit $6.8B by 2014
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2009 FierceMarkets, Inc. All rights reserved. |
![]() |





