SCOTTSDALE, Ariz., Aug. 23 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (OTC: EMED) (BULLETIN BOARD: EMED) , a leading provider of HIPAA compliant healthcare and financial transaction solutions for the healthcare industry has just added 30 additional insurance carriers to its real-time Benefit Verification connectivity giving MedCom connectivity to over 480 Payers and Plans.
With new carriers such as Blue Cross / Blue Shield of Arkansas, Blue Cross / Blue Shield of Pennsylvania Highmark and Blue Cross / Blue Shield of National Capital Area MedCom now can provide expanded capacity to a number of key territories. MedCom continues to have the largest real-time carrier and plans list available for healthcare professionals in the United States. The complete update list can be viewed on the company website at http://www.medcomusa.com/.
According to CEO, Bill Williams, "MedCom is constantly expanding its capacity to transact Benefit Verifications in real-time. Reports have shown that 1 in 7 claims are rejected due to improper benefit verification at the time of service. We feel that the more robust the list the better the healthcare professionals can perform by receiving real-time information from the insurance carriers immediately. This will allow them to run their practices more effectively by knowing that their patients have coverage at the time of service."
The Benefit Verification is the key first step in revenue cycle management. When combined with the MedCom System suite of features, including Patient Easy Pay, healthcare providers and hospitals can increase their cash flow and reduce their accounts receivables. These new carriers are now available via the MedCom System.
About MedCom USA, Inc.
MedCom USA, Inc. (EMED) provides innovative solutions for electronically processing HIPAA compliant transactions within the healthcare, financial and dental industry. MedCom USA provides a point of service terminal based transaction package and compatible Web Portal for medical and dental professionals as well as healthcare institutions. MedCom USA offers its clientele the ability to facilitate the following transactions: Real-time Patient Eligibility, Real-time Referral Certification, Real-time Claim Status, Real-time Pre authorization, 100% Paperless Claims Processing and Submission to all United States based health plans and insurance carriers, Patient Easy Pay, Merchant Processing, and Electronic Check Guarantee Service. http://www.medcomusa.com/.
About HIPAA
Health Insurance Portability and Accountability Act of 1996 that requires health providers and health plans to adopt standards for electronic administrative and financial transactions.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although MedCom USA, Inc. management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions; it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in MedCom USA, Inc.'s SEC reports, including the company's most recent 10-K and subsequent 10Q-s.
Website: http://www.medcomusa.com/