4 Ways IBM ITXA Makes Managing Healthcare Claims Easier
IBM Transformation Extender Advanced (ITXA) is the preferred document processing engine by healthcare organizations around the world. ITXA meets all HIPAA compliance requirements and has the capability to support healthcare businesses of all types, from small clinics to large hospital systems.
In addition to improving healthcare payments, ITXA also helps those responsible for managing healthcare claims – making your organization more efficient and ensuring claims get processed as quickly as possible.
Let’s take a closer look at four ways ITXA helps with managing healthcare claims.
The benefits of ITXA include:
- Increased productivity
- Accelerated revenue cycles
- Decreased risk in data security
- Rapid error discovery and resolution
- Full compliance with HIPAA and all industry standards
- Decrease in resources required for managing healthcare claims
1. Identifying Invalid Claims
When managing healthcare claims, it is inevitable that you will end up dealing with invalid claims. All of those invalid claims cause congestion in the pipeline and make it more difficult to get to the valid claims in a timely manner.
There are plenty of reasons why a claim might be invalid, such as:
- Incorrect patient demographic data
- Incorrect patient insurance ID
- Lack of medical necessity
- Lack of pre-authorization
- Insurance is out of date
IBM ITXA can separate valid claims from invalid claims, saving you the time and hassle of doing this process manually. This allows you to get valid healthcare claims processed quicker.
2. Seeing the Status of a Claim
Processing healthcare claims is time-consuming and usually involves a lot of waiting. A claim must jump through a variety of hoops before it eventually gets paid and the parties involved can get impatient.
IBM ITXA can solve this problem for you by providing the claim status at every step in the claim filing process. If anyone asks you for an update on his or her claim, you can easily see where that claim is at in the cycle in a matter of seconds.
IBM ITXA can:
- Provide real-time document tracking
- Provide visibility into the status of claims
- Enable end-to-end document lifecycle visibility
Managing healthcare claims is significantly easier when you have full visibility at every stage of its processing cycle.
3. Find Transactions Related to Claims
Depending on the software your organization uses, finding past transactions related to healthcare claims can be quite a hassle if you do not have the exact information required. The problem is that you do not always have access to the details you need.
IBM ITXA allows you to run a search on transactions through a wide variety of search criteria, such as Patient Identity Codes, Claim IDs, Group IDs, or any other criteria that are useful to your organization. As long as you have some piece of information related to that transaction, you should be able to find it easily with a quick search.
4. Reprocess Claims to Fix Errors
Unfortunately, human error is virtually impossible to avoid, and many healthcare claims end up with errors that need resolving before moving forward in the filing process. This is one of the most annoying tasks to deal with for individuals managing healthcare claims.
The good news is IBM ITXA is capable of providing a solution to this common issue. All you have to do is fix the errors in the healthcare claim and then quickly reprocess and resend the claim.
ITXA provides a significant decrease in time and resources required to fix claims with errors. Plus, it makes life much easier for the claims manager.
