Insurance Payors Cut Offshore Processing Risk of HCFA-1500 and UB-92 Paper Claims By Utilizing MedValue Workflow Management System for Claims Processing™.
MedValue, the leading provider of Claims Processing solutions and offshore talent to America’s leading Insurance Payors announced the rollout of its groundbreaking MedValue Workflow Management System for Claims Processing™(WMS), a proprietary web-based management and collaboration tool designed to eliminate risk of processing claims offshore by providing seamless Communication, Knowledge Management, Management Reporting and Issues Tracking between its Customers’ US-based Staff and MedValue’s India operations.
(PRWEB) August 25, 2004
Chicago, IL (PRWEB) August 25, 2004 – MedValue, the leading provider of Claims Processing solutions and offshore talent to America’s Insurance Payors announced the rollout of its groundbreaking MedValue Workflow Management System for Claims Processing™ (WMS), a proprietary web-based management and collaboration tool designed to provide seamless Communication, Knowledge Management, Management Reporting and Issues Tracking between its Customers’ US-based Staff and MedValue’s India operations.
“WMS revolutionizes the way our clients interface with our support staff in India”, said CEO Raj Vaswani from MedValue’s Chicago headquarters. “As more and more Insurance companies, Third Party Administrators, HMOs, PPOs, Health Plans, and Physician MSOs are freed up from managing ineffective employees and come to realize the outstanding cost-benefits they derive from our offshore talent and services, we want to make sure they gain greater efficiencies and turnaround times in their operations, too. WMS is the cherry on top of the sundae”, says Vaswani. “If the strong team of college-educated claims processing staff isn’t enough to help instantly handle high volumes enabling our customers to grow their operations, our clients become true-believers when they see how seamless WMS has made working between their staff and their extended team in India at our centers. Productivity increases dramatically and knowledge is shared easily between new and existing employees”. Another benefit Vaswani shares goes straight to the bottom line “With WMS, clients are speeding up adjudication of paper HCFA-1500s and UB-92s by quickly identifying and providing missing information that is holding up claims”.
MedValue Workflow Management System for Claims Processing™ is built using state-of-the-art Microsoft based technologies and is an integral part of the MedValue Platform™; the robust business architecture designed to deliver custom offshore outsourcing solutions for the Insurance Claims Processing market. The risks of offshore outsourcing projects is usually what keeps many US-based companies from taking benefit of the low-cost and quick turnaround advantages. WMS is targeted at lowering this risk of cross-border implementations of mission-critical business processes, thereby enabling our customers to have their cake and eat it too.
WMS features include: Reporting for the Management Team, Manual Claim Entry and Issue Resolution, Intellectual Capital Repository, Real-Time Project Collaboration, Searchable Claim Records and Knowledge Management.
MedValue’s Workflow Management System for Claims Processing™ has been in development and in operation at Beta sites since mid-2003. MedValue Clients who are working with WMS are thrilled with its simple interface and personalized features. “WMS proves once again that the web can make collaboration seamless whether you are working across the office, across town or from the other side of the world in today’s global economy” says Vaswani.
For a free consultation to learn how MedValue services can benefit your company and to get a no cost, no obligation demonstration of our Workflow Management System for Claims Processing™, contact: Gary Baker at garyb@medvaluebpo. com or toll-free at 877-528-1863 x623.
About MedValue
MedValue Offshore Solutions Inc. provides low cost, high quality data processing and support services to third party administrators, service bureaus, Insurance Companies, Third Party Administrators, HMOs, PPOs, Health Plans, and Physician and Hospital MSOs and ASOs. Our mission is to enhance our clientsÂ’ growth and profitability through creative use of technology and high quality, affordable offshore talent from our center in India. MedValue is headquartered in the Chicago area and is a U. S. corporation with offices in Chicago and Southern California and state of the art facilities in India. MedValue Offshore Solutions Inc. and its affiliates and subsidiaries are collectively referenced as MedValue.
CONTACT INFORMATION:
Gary Baker, EVP Business Development & Marketing
MedValue Offshore Solutions Inc.
Tel: 877-528-1863 x623
Email: info@MedValueBPO. com
Http://www. MedValueBPO. com (http://www. MedValueBPO. com)
