CollaborateMD Offers 99% First Pass Claim Acceptance
The medical billing industry averages about a 70% first pass claim acceptance rate while our software consistently averages about 99% first pass claim acceptance rates. Much of this is the simplicity of our medical billing software to make things smooth in the process to avoid any problems at the clearinghouse. This will save you much time, both in the short term and long term. This also results in quicker payments, which puts smiles on everyone’s face at your workplace.
At CollaborateMD, we analyze and research clearinghouse claim rejections so that we continue to improve and make things even smoother in the future for new claims. One of the key issues our industry faces is errors in data entry. We update our software on a regular basis to continue to improve these areas. Our goal is 100% first pass claim acceptance in the electronic medical billing industry. A higher pass through rate doesn’t mean the claim is guaranteed to be quickly paid but that they are passed through to the insurance agency to be paid without having to be re-done therefore creating delays in the process. With a 99% pass claim acceptance, CollaborateMD is excited to be doing our part in the process to have our clients get paid faster.
A couple of reasons why we experience our 99% pass claim is due to our innovative software development team that continues to improve and upgrade our software when changes are made by the clearinghouses. Where other software programs may not be updated but once or twice per year, CollaborateMD is constantly looking to improve our software.
Also, where other software companies may use multiple clearinghouses, CollaborateMD uses only one. This way, we have built a long-term, trusting relationship with them and know any changes that they are making. This also streamlines our efforts as we improve and make our first pass claim acceptances the highest percentage possible. We welcome you to be a part of our 99%+ group with the state-of-the-art medical billing software that we offer.
At CollaborateMD we are obsessed with getting your medical claims paid fast. All of us at CollaborateMD are here and ready to help make your life easier.
Give us a call at 877.480.6517 for more information.