Accounts Receivable (AR)

Accounts Receivable

Accounts Receivable (AR)

Let’s join our state-of-the-art, streamlined process for electronic claim submission. We offer a paperless, automated system that ensures timely delivery to insurers. Key features include error-free processing, rejection handling, tracking of unsent claims, and prompt submission.

Accounts Receivable

Acknowledgment & Adjudication

We are providing Claim acknowledgment on basis of 10 days follow-up claim status and we are promising claim adjudication so that our team confirms that presented claims must endure through review by insurance payers and adjusting compensation based on contracted rates and coverage details.

Data Entry and Claim Generation

Electronic claims submission begins with the entry of patient demographics, insurance information, and details of services rendered into a medical billing software or system

Remittance

After adjudication, the payer sends an electronic remittance advice (ERA) to the healthcare provider. The ERA provides detailed information about the payment or denial of the claim

Transmission

Clearinghouses play a crucial role in electronic claims submission by performing validation checks on claims before forwarding them to payers, which helps reduce errors and improve acceptance rates

Payment Posting

Payment posting involves reconciling the information in the ERA with the original claim to ensure accurate accounting of payments received and to identify any discrepancies that may require further investigation or follow-up

Adjudication

During adjudication, the payer checks the claim for errors, verifies the patient's insurance coverage, confirms the medical necessity of the services provided, and determines the amount of reimbursement

Claim Follow-Up

Electronic claims submission facilitates efficient follow-up processes by enabling providers to track claim status electronically, identify trends in denials or underpayments, and streamline communication

Frequently asked questions for iMed Solutions

Is iMed Solutions HIPAA compliant?

iMed Solutions adheres to HIPAA regulations to ensure the confidentiality, integrity, and security of patients’ protected health information (PHI).

What types of claims can be submitted electronically using iMed Solutions?

iMed Solutions supports electronic submission of various types of claims, including CMS-1500 for professional services and UB-04 for institutional services, covering a wide range of healthcare specialties

How secure is the transmission of electronic claims through iMed Solutions?

Electronic claims transmission through iMed Solutions is highly secure, utilizing encryption protocols and compliance with industry-standard security measures to protect sensitive patient data during transmission.

What are the benefits of electronic claims submission compared to paper claims?

Electronic claims submission offers benefits such as faster processing times, reduced errors, improved cash flow, and enhanced tracking capabilities compared to paper claims, leading to more efficient revenue cycle management.

Does iMed Solutions integrate with electronic health record (EHR) systems?

Yes, iMed Solutions offers seamless integration with leading EHR systems, enabling streamlined data exchange between billing and clinical workflows for improved efficiency and accuracy

What training and support options are available for users of iMed Solutions?

iMed Solutions provides comprehensive training resources, including user manuals, video tutorials, and personalized training sessions, along with ongoing technical support via phone, email, or live chat.

Can iMed Solutions handle electronic remittance advice (ERA) processing?

iMed Solutions includes ERA processing capabilities, allowing users to automatically reconcile payments and denials, streamline posting workflows, and expedite revenue recognition.

How does iMed Solutions handle claim rejections or denials, and what steps are taken to resubmit or appeal them?

iMed Solutions identifies claim rejections or denials promptly, providing detailed explanations for the reasons. Users can easily correct errors, resubmit claims electronically, and initiate appeals directly within the platform.

What are the costs associated with using iMed Solutions, and are there any additional fees for electronic claims submission?

iMed Solutions offers transparent pricing plans tailored to the needs of healthcare practices, with no hidden fees for electronic claims submission. Pricing is based on factors such as practice size, volume of claims, and additional features required

Does iMed Solutions offer reporting features to track claim status and reimbursement trends?

iMed Solutions includes robust reporting tools that allow users to track claim status in real-time, monitor reimbursement trends, analyze revenue cycle performance, and generate custom reports to support data-driven decision-making