Enhancing Productivity Levels
Electronic Data Interchange or (EDI) as it is commonly known, is an extremely powerful tool for increasing productivity levels at office as well as for improving cash flow. Few benefits of the EDI services include:
- Timely reporting of errors thereby promoting faster processing and automated posting of claim payments.
- A verification of a patient’s cost-sharing responsibility and coverage in real-time.
- Manual or paper transactions can most often be a costly affair. However, by using EDI transactions, providers can submit transactions at a faster rate and also get their claims paid faster, that too at a considerably lower cost.