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Healthcare
Payer Payment Optimization
Practical considerations for provider organizations seeking to improve payer payment and remittance processes.
JEFFREY EYESTONE AND MATTHEW ROZEN, HEALTHCARE SOLUTIONS SPECIALISTS
J.P. MORGAN TREASURY SERVICES

September 29, 2016

If patient accounting and collections is a healthcare provider organization’s revenue engine, payment processing is the fuel. Payment optimization initiatives deliver tremendous value, helping healthcare systems compete in rapidly evolving and uncertain markets. But when attempting to improve payer payment processing and collections—specifically, from commercial insurance payers or government payers—there are a number of challenges that healthcare provider organizations face. These can include:

  • Technical challenges, like improving clearinghouse connectivity and transaction processing
  • Operational challenges, like dealing with paper from payers (e.g., remittance advices, checks, correspondence, indexing, etc.)
  • Strategic challenges, like optimizing information technology investments

Use this white paper as a guide to help your organization optimize payer payments and stay competitive in a rapidly evolving market.

 

 

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