RevenueExpress, a top software solution for health care revenue cycle management within patient accounting operations, expedites the revenue recognition of claims processing from the point of patient encounter through any denial management or secondary billing tasks. The application delivers highly customized transactional data to a rich, granular level. By providing such enriched data, RevenueExpress improves the claims reconciliation process by increasing the accurate and validated data from electronic ANSI 835 formats as well as paper explanation of benefits (EOB). With this improved data set, denial management becomes more effective, secondary billing more efficient and health care providers realize far less revenue leakage than in the past.
ImageScan has worked diligently and devotedly for its customers to achieve this compliancy and to take advantage of the key goals outlined for the adoption of the new standards. âBecause the new 5010 standards will streamline claims and remittance transactions, ImageScan is pleased to offer the system upgrade of RevenueExpress,â says Nigel Gardner, Director of Business Development of ImageScan Inc. âWith timely execution and support to our customers, we can help them prevent operational disruptions during this transition.â
The federal mandate to upgrade from the HIPAA 4010 transaction standards to the 5010 standards is required for large institutions by January 1, 2012 in order to submit and receive select electronic transactions.