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RealMed's service offering typically produces three types of results:
First, it dramatically reduces error rates in claims. Typically, practices see errors cut by 75% or more in a period of three to six months. Errors are seen immediately so they can be corrected prior to submission to payers. And the underlying patterns and causes of errors are presented so that these can be eliminated.
Second, the speed of payer action on claims is greatly enhanced. Average time to payment after submission to most payers is a matter of days, not weeks or months. For real-time claim payers such as Blue Cross Blue Shield plans, adjudication is often in seconds with payment in one to five days.
Third, workflow efficiency is enhanced through automation of routine processes, greater uniformity in how processes work across all payers and workflow aids (information at your fingertips) at the right time during a particular workflow.
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