When You Want to Know More About the Medical Claims Clearinghouse
There are various kinds of claims clearinghouses which you can find as there are also different medical claims available such as the pharmacy claims, the DME claims, dental claims and many more. You may also find such medical professional claims. The easiest way to explain what such claims clearinghouse can do and the services which they provide is to paint a picture of the problem which they solve and such is known to be the piece of the puzzle.
Can you imagine the million licensed healthcare professionals that make use of a different claim software, and send medical claims to more than 4000 insurance carriers on a daily basis? Across the different states, every state comes with their own insurance regulations and each carrier uses their respective internal software infrastructure.
For several years, medical claims processing has been done on paper. However, the manpower needed for thousands of insurance carriers to deal with all of the paper work as well as phone calls that every claim error produces would represent a big cost to healthcare that the beneficiaries are going to pay through the insurance premiums.
Well, the healthcare claims now are being processed or transmitted electronically. But, you don’t have the US Postal Service to deal with the transmitting process. The electronic claims clearinghouses were being made by the Medicare and the large payers of insurance to step in electronically where the postal service wasn’t able to and also pre-screen for the claim errors and function as the air traffic controllers.
Clearinghouses are considered to be the aggregators or senders as well as receivers of a lot of electronic claims information and many of them are done with the use of the software. As each claim would trigger many actions, the big clearinghouses today are processing trillions of transactions each year. Those medical claims clearinghouses are actually electronic stations or they are known as centers which permit the healthcare practices to transmit such electronic claims to insurance carriers in a secured manner that protects the health information or that protected health information. The clearinghouses provide the medical billers or those billing managers a way to consolidate the different electronic claims and have them managed from just one place which is from a dashboard control panel which is just like online checking.
You should know that there are certainly various benefits that you can get from the medical claims clearinghouses. However, it is very important that you look for one that offers premium services so that you can just focus on the things that need your time. Because of such, you should also take the time to compare the many options that you can find prior to making a decision.