HCFA processing though with just 33 fields looks simple-Anyone handling the process and Vee know that it’s a challenge in itself. With over 50 concoctions in the forms itself and it does make a difference if the form is black or red. Vee has migrated the HCFA claims process for several insurance payors, TPAs, plan administrators and benefit administrators. Through our unique model, we are able to migrate processes for very large insurance payors as well as benefit administrators and third party administrators (TPA).
Vee has capacity to process daily over 100,000 HCFA 1500 claims alone. We process bills from about 5000 providers through a host of payors. What makes our offering attractive to our client is that we are able to offer a menu card of services and a buffet of offerings. This is made possible by the fact that we use our own technology and are able to customize and micro manage quality on a field level. For example - our specialist coders (CPC) who are proficient in ICD9/CPT codes can look minutely and analyze HCFA records.
Vee HCFA 1500 Forms Processing benefits:
From the speed side- Vee enables our clients to compress time by offering a 24X7 service. Imagine having a 24x7 functioning back office- this will change the dynamics of your business.
From a cost side you pay for what you eat. We change the model of our clients from a fixed cost to a variable cost model. This means if there are less claims on a day you only pay for what we process. From an investment side you are able to free up real-estate, hardware and are able to focus on areas of growth- by dedicating employees in areas like customer acquisition. Like a CEO of one of our client company mentioned, “No one understands my company like my employees. Having worked with you I am able to take my claim processors and redeploy them in looking clinically at claims and able to send provider calls process to you and place the call agent in member management. This way we have reduced cost by 30% increase revenue by 35% and improve profitable by 45%.
Vee has learnt a lot over the last 5 years and we have assimilated the learning and enhanced the value of our services in terms of quality. Our customers have mentioned that we have reduced their cost of claims processing by $1.8/claim. That is our current benchmark.
We beilieve that the best way to test food is to taste the pudding. Please do test our process, quality and performance. Even if you are outsourcing your work or you are not considering to outsource - test us to see the difference. Once you experience the difference then you can evaluate and then have a better perspective of what we mean by ‘VeeInsure services are unique.’
