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GW Medical Faculty Associates integrates InstaMed Automated Eligibility for patient accounting

InstaMed : 19 December, 2007  (New Product)
The patient accounting systems of the George Washington University Medical Faculty Associates (MFA) has been integrated with InstaMed Automated Eligibility to support real-time and batch automated eligibility inquiries to InstaMed's Network.
InstaMed currently supports real-time eligibility to over 430 health plans, including all national health plans, blues plans and Medicare plans for all 50 states.

Healthcare providers like the MFA are faced with managing the challenges posed by increasing patient responsibility and a need for accurate information in their administrative environments. Time consuming and costly calls to health plans, claim rejection issues and ballooning health plan and patient receivables require new ways of thinking by industry leaders. Leading healthcare delivery organizations are looking for powerful solutions that can seamlessly integrate with their existing workflow as well as their practice and health information management systems.

'We were no exception.' Stephen Badger, CEO of the MFA stated. 'Our patient volumes are steadily increasing, and like every healthcare provider we need to work hard to collect the receivables and needed to acquire new electronic tools to eliminate the manual processes. Standard solutions such as phone calls or using health plan web sites to double key information are not viable solutions in our environment. We required an eligibility and benefit inquiry solution that was integrated to our systems, real-time capable and flexible enough to meet our business requirements.'

With seamless integration into their IDX patient accounting system and support for both real-time and batch transaction processing, the MFA is now able to verify patient eligibility and available benefit structure prior to service delivery, automatically update the patient record, and proactively address any potential eligibility issues across all of their operating units.

Bill Marvin, president of InstaMed stated, 'The George Washington University Medical Faculty Associates is one of the nation's leading healthcare delivery organizations and we are excited to partner with them to address their business challenges. This is an excellent example of InstaMed's ability to integrate real-time transaction capabilities to deliver a significant business case in a complex healthcare provider environment.'
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