Filing claims and collecting payments from commercial and government payers is one of the most mission critical aspects of healthcare financial operations, and it has taken on increased importance in this era of dwindling margins when lost revenue is simply unacceptable. Yet, efforts to minimize revenue leakage are still a daily struggle for many providers. ZirMed’s Claims Management solution streamlines and automates workflows to enable faster, more complete payments, lower costs and increased efficiency under all reimbursement models. It optimizes cash flow and reduces the cost of collections.
Powered by insights drawn from ZirMed’s network of hundreds of thousands of providers and organizations, the Claims Management solution:
- Extracts insights to help customers optimize reimbursement and manage new payment models
- Delivers more actionable data through near real-time claims based analytics
- Offers a crowdsourced rules engine to ensure best in industry claim throughput
- Provides enterprise-grade workflow tools to increase staff efficiency to get claims paid
- Eliminates paper payment and reconciliation processes
“Our Claims Management solution has long been a core component of ZirMed’s offerings. From the start, we knew that we had developed a product that was different—that addressed providers’ pain points, more effectively and efficiently than existing solutions. Since that launch, we’ve collaborated with customers to achieve clean claims rates as high as 99.8 percent,” said Ric Sinclair, vice president of product at ZirMed.
He added, “Our team worked hard to achieve this HFMA Peer Review designation but our focus remains on the future. As our Claims Management solution is adopted by more and more providers and its impact grows exponentially, we will also be fueling its expansion behind-the-scenes, building on our strong track record of delivering immense value to our customers by constantly innovating.”
ZirMed is also currently working on a new solution to optimize claim status monitoring that will allow providers to work by exception and reduce the manual intervention required to follow-up on claims.
ZirMed helps more than 250 hospitals and health systems, and more than 300,000 providers, to optimize their revenue cycles while also streamlining workflows and increasing operational efficiencies. The company’s comprehensive, analytics-driven, dynamic cloud-based platform enables healthcare organizations to quickly identify, anticipate and avoid – rather than just manage – financial issues in an increasingly complex revenue cycle, helping them secure more of the reimbursement due to them today while easing their transition to value-based care.
To see how ZirMed helps get providers paid, please visit HFMA booth #1119.
ZirMed Inc. empowers healthcare organizations to optimize revenue with a dynamic end-to-end platform of cloud-based financial performance management solutions—including Claims Management, Charge Integrity, AR Management, Eligibility and Coverage Detection. By combining breakthrough predictive analytics technology with innovative development and the industry’s most advanced transactional network, ZirMed’s award-winning solutions extract actionable insights that improve our clients’ revenue cycles—while streamlining workflows and increasing operating efficiencies. To learn how ZirMed can help your organization boost its financial performance, visit www.ZirMed.com.
Amendola Communications for ZirMed
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zirmed-announces-new-milestone-for-claims-management-solution-300480084.html