RICHMOND, Va. (August 27, 2007) — Payerpath, a Misys company, and a leading provider of Internet-based financial transaction solutions for healthcare providers, hospitals and payers, today announced that it will establish a direct connection with Aetna, a leading diversified health care benefits company, to streamline physicians’ claims processing. As physicians across the nation increasingly focus on managing their account receivables, it is vital that they submit medical billing claims as quickly and accurately as possible – a significant benefit of utilizing Payerpath services for direct connection.
Beginning October 1, 2007, physicians will have a direct connection to Aetna through Payerpath Connect, a comprehensive set of transaction management services linking payers and providers. Aetna expects to receive a significant number of claims from medical practices using Payerpath Claims Management, directly, without the use of an intermediary clearinghouse. Additional claim volumes also are expected from non-Payerpath product users that wish to submit through Payerpath’s clearinghouse connection.
“We are eager to connect our base of over 110,000 physicians directly with Aetna, helping to improve the speed at which they are paid for the critical care they provide,” said Bill Rush, director of payer sales, Payerpath. “The opportunity to build a stronger relationship with one of the nation’s largest commercial payers through this alliance is a great advantage for Payerpath customers.”
Using Payerpath’s EDI standards-based solutions to send medical billing claims to Aetna directly, medical care professionals accelerate the claims process by significantly reducing the number of manual interventions required. Payerpath Connect also minimizes the time providers spend reconciling payments, since an electronic remittance advice – informing physicians of the payment amount they will receive – is returned automatically.
By linking practitioners and payers, Payerpath is helping to build connected communities that benefit all healthcare participants. On a monthly basis, Payerpath currently processes more than 30 million EDI transactions and more than 16 million claims to healthcare payers on behalf of its customers. Payerpath Claims Management is used by medical practices of every size and specialty and can integrate with existing practice management solutions.
About Payerpath
Payerpath is a provider of Internet-based financial management software applications and related services for healthcare providers, hospitals and payers. The company's comprehensive suite of applications, led by Payerpath Claims Management, addresses all steps in the reimbursement cycle—from verifying patient eligibility and correcting inaccurate claims to managing remittance and generating secondary billing. Consequently, providers are able to reduce administrative costs and eliminate payment delays for healthcare services resulting from claims denials. For more information, visit www.payerpath.com.
About Misys Healthcare Systems, LLC
Misys Healthcare delivers integrated, comprehensive solutions that improve results for healthcare practitioners. Drawing on our decades of healthcare experience, our relationships with more than 100,000 healthcare professionals, and our commitment to customer success, we deliver innovative software and services that enable physicians, caregivers, and a connected healthcare community. Misys Healthcare: Experience, Solutions, Results. Contact us today, visit www.misyshealthcare.com.