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St. Paul, Minnesota – July 16, 2010 – Smart Data Solutions, a Minnesota-based provider of data processing solutions for the health care industry, is pleased to announce that it has implemented a claims processing solution that truly eliminates paper from the all aspects of the process. This solution will be increasingly critical to an industry where processing paper documents costs more than twice as much as electronic (EDI) processing.
“Our customizable solution has now proven effective at streamlining claims processing, not only increasing turn around time but also saving a lot of money in the process,” explains John Prange, the company’s co-owner. “Along the way, both the health care payer and provider gain greater control of the process, increasing satisfaction while decreasing administrative time.”
The SDS solution combines online direct data entry and with extensive automation that allows for eligibility verification, transaction correction, and payment verification through a simple-to-use, low-cost portal. The efficiency is further increased by setting up direct connections between providers and payers- thereby eliminating clearinghouses.
“We’ve installed this unique combination of tools at several client sites with great success,” continues Pat Bollom, SDS co-owner. “They have seen dramatic increases in efficiency, with little start up cost or investment. We’re eager to formally demonstrate the effectiveness of our solution to health care payers across the country.”
The significance of the SDS platform lies in the elimination of paper processing. Countless documents and messages, from enrollment forms and payment remittance to claims and rejections, pass between payers and providers every day. When they are submitted on paper, the processing is lengthy and often delayed. By contrast, an online platform allows faster processing and clearer reporting on the overall status of the system.
To request a paper detailing this platform and other money saving ideas, email Pat Bollom at pbollom@sdata.us.
For more than ten years, Smart Data Solutions Inc. has been leveraging technology to meet the needs of health care claims managers. Today, more than 100 TPAs, PPOs, HMOs, hospitals and insurance companies depend on SDS technology to save money and streamline their business. From paper processing to claims management and EDI, Smart Data Solutions offers the solutions critically needed by today’s health care industry. For more information please visit our web site at http://www.localhost:10003, contact Pat Bollom at 651-690-3140 or email pbollom@sdata.us.