Payerpath, Inc. a leading provider of Internet-based financial transaction solutions for healthcare providers, hospitals and payers, and Boston Software Systems™, the leader in workflow automation technology to the healthcare market, today announced a partnership. Under the agreement, Payerpath will use Boston Software Systems’ technology, Boston WorkStation, in its Payerpath Remittance Posting module. This automated remittance posting module allows physician practices and hospitals to improve the payment process by eliminating manual remittance advice handling. As a result, customers will boost billing staff productivity, eliminate errors associated with manual data entry and expedite follow up for remaining payment balances.
“We are pleased that Payerpath and Boston Software have allowed us to be part of the development of automatic remit,” said Leslie Harrison, insurance/billing manager at Tidewater Hospital. “We find the customer service from both companies to be superior to that which we have experienced with other billing software vendors. The fact that automatic remit has been developed for Medicare allows our staff to focus more on problem claims that require greater time and attention. It also allows us to focus more time directly on our patients. We believe that automatic remit has the potential to greatly reduce our staffing costs and impact our bottom line significantly-- particularly when automatic remit can be implemented for insurances beyond Medicare.”
“Traditionally, proprietary code in the various practice management systems and hospital information systems has posed a stumbling block for the automation of remittance postings,” stated Jim Riley, vice president of sales at Payerpath. “Boston WorkStation solves this integration issue and allows us to offer a seamless solution that is more cost effective for our customers.”
Payerpath Remittance Posting is customized to replicate the organization’s unique workflow for posting payments into the practice management system (PMS). Using its proprietary claims management system, Payerpath picks up the organization’s remittance file and posts all relevant data elements from the file directly into the practice management system, including procedure codes, payment amount, adjustment amount, co-insurance amount, deductible amount, write-off amount, co-payment amount and denial codes. Payerpath Remittance Posting does not require the organization to have a posting module in its PMS, so it can post remittance from any payer that can deliver an electronic remittance file.
“Boston Software Systems’ technology is used in hundreds of hospitals to automate workflow and speed integration with proprietary applications and information systems,” observed Steve Cohen, executive vice president for Boston Software Systems. “Payerpath’s automated remittance posting is an ideal use of Boston WorkStation’s capabilities for universal connectivity and to automate manual, paper-based processes.”
Boston WorkStation is a workflow automation and healthcare integration technology that allows organizations to streamline basic business processes that are fragmented among disparate systems and applications. Powerful integration components enable the creation of efficient processes, automation of common tasks, accelerated completion of conversion and migration projects and integration of new applications, systems and devices.
About Boston Software Systems
Boston Software Systems is the leading standard for workflow automation and system integration software, enabling healthcare organizations to streamline complex business processes and improve productivity. Hundreds of healthcare organizations worldwide use Boston WorkStation technology to integrate and create more efficient processes between disparate systems, devices and applications, create stable interfaces, and speed completion of data conversion and migration projects. Boston Software Systems' customers include Mount Auburn Hospital, HCA, Stanford Medical Center, UMass Medical Center, Cambridge Health Alliance and Tenet Healthcare. Boston Software Systems partners with leading application and systems vendors such as McKesson, Siemens, Quovadx, Orion International, and WebMD. For more information, please visit the Company's Web site at www.bostonWorkStation.com or call 866.653.5105.
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, address 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.
