Does your next patient have COVERAGE?

Whether you’re an Emergency Room or Doctor’s Office, get the answers is seconds with the MedCard System

The easy-to-operate terminal that delivers:

• Benefit Verification
• Electronic Claim Processing
• FlexPay
• Visa, MasterCard
• American Express, Discover
• Debit Card Transactions
• Check Services

Problems in the Doctor's Office

• Claims take 5-18 weeks to get paid
• No time to check eligibility
• Claims preparation is costly
• Payers are overwhelmed with paperwork
• Endless chain of rejections and resubmissions
• No office policies to collect self-pay

Provider Billing Options

• Manual Billing
• In House Computer Billing
• Outside Billing Service

  The MedCard Solution

• NOT a computer system
• Claims start getting paid in 7-21 days
• Simple self-pay receivable management
• Medical eligibility is direct from payer
• No special skills are necessary to operate the system
• Uses a familiar credit card type terminal
• Training takes less than 2 hours

The MedCard System Links...

• Payers with Healthcare Providers
• Providers with multiple payers
• Managed Care Groups with Providers
• Patients to Healthcare Providers

The MedCard System Features…

On-Line/Real Time Medical Eligibility/Benefit Verification

• Direct from Insurance Company
• Takes less than 30 seconds
• Hard copy printout
• Verifies-Eligibility Status, Co-pay, Plan Type

Electronic Claims Processing

• 100%, All-Payer, Paperless Claims Processing System
• No More HCFA 1500 forms
• Simple Prompt Key Entry
• Full Patient Demographic Profiling
• Flexible Procedure & Diagnostic Tables
• Expedited Reimbursement from Payers

Credit/Debit/Charge Card Processing

• Visa
• MasterCard
• Discover
• American Express

Patient Flex-Pay

• Signature-on-file captured at the time of service, when the patient responsibility cannot be determined
• Eliminates Receivables
• Eliminates Billing Expenses
• Eliminates Collection Costs
• Eliminates Bad Debt
• INCREASES CASH FLOW!

Benefit Eligibility Verification

This is a time consuming and expensive process for providers and payers alike. The process is slow…patient records photo copied, 800 numbers called to determine eligibility status. Busy signals, long waits, and manual transcription of data all lead to a less than effective use of a provider’s office staff. The payers administrative burden is equally cumbersome, since phones must be staffed to provide the information as calls are received.

The MedCard POS terminal enables the payers office to access this information via a swipe card or a data entry procedure. In as little as 20 seconds a printout of the information is produced. This can be attached to the patient's chart, providing current information about the patients co-pay responsibilities.  

The same terminal used for eligibility can be used to process credit/debit/charge cards and perform check services. It's easy to see how this device simplifies and streamlines procedures that were previously time consuming, inefficient and costly.

Claims Processing

In its traditional paper form, this process has always been an administrative burden to providers and payers. Paper handling inefficiencies have led to many problems which incur significant expense.

For this application the POS device has emerged as the logical solution. Its small footprint and ATM type graphic display is user intuitive and modestly priced.

UPC can save you money!

Benefit Verification/Eligibility

If on average you check eligibility for 10 patients per day and each phone call averages 20 minutes, 200 minutes per day or 3 1/3 hours. If the hourly wage is $12 per hour, that’s $40 per day for 22 days per month or…

Your cost: $800 per month          With MedCard: $77 per month

Claims Processing

According to the healthcare actuarial firm of Milliman and Robertson (M&R), the average cost to process and collect on a claim is $11. Ranging from a low of $8.50 to a high of $18. This includes primary, secondary, and tertiary claims. If you bill 200 claims per month at a low of $5, your total monthly cost would be…

Your cost: $1,000 per month         With MedCard: $300 per month

Self-Pay Statement Billing

The AMA has determined that the average cost to process a self-pay statement to a patient is $8. It takes 2.5 statements to collect. 2.5 x $8 = $20. If an office hass 100 self-pay patients per month, the cost would be…

Your cost: $2,000 per month         With MedCard: No Charge

Bad Debt

The AMA has determined that 8% to 13% of each months receivables will become bad debt. If an office bills $60,000 per month, and only 5% becomes bad debt, that total would be…

Your cost: $3,000 per month         With MedCard: No Charge

TOTALS:
Your cost: $6,880 per month         With Medcard: $377 per month

Your cost: $82,560 per year         With MedCard: $4,524 per year

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