As a result of the ACA, payers are under significant pressure to meet MLR requirements and reduce administrative expenses.
Despite the many obvious efficiencies of electronic environments, the healthcare industry remains heavily reliant upon costly and inefficient paper-based payments and communications. The slowness to adopt more efficient electronic processes has prompted the federal government (as part of the Affordable Care Act) to issue regulations mandating adoption of electronic payment methods by 2014 to catalyze the necessary change.
Join us as we talk broadly about the requirements and impacts of the Affordable Care Act with respect to payer payments, and its implications on post-adjudication claim processes. Learn how your organization can ensure compliance with this mandate and streamline payer-to-provider payments by driving adoption of electronic payment and communication methods – including emerging settlement methods such as virtual card payments.