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MedData
provides accurate and timely billing and collection services to its
clients nationwide. The Company provides this service using IDX’s
Groupcast System (GPMS), the leading provider of patient management,
financial management and decision support services for medical
practices and physician service organizations. The billing service
involves submitting claims to insurers or invoices to patients for
services provided in the emergency facility, based on information
provided within the medical record and performing all aspects of the
associated Account Receivable management. Additional tasks include:
preparing and submitting claims to insurers for payment; submitting
invoices to patients; posting payments received against claims or
invoices; reviewing outstanding claims and invoices for follow-up;
contacting insurance companies for non-paid, underpaid or denied
claims; contacting patients for non-paid or underpaid invoices;
submitting past due accounts to agencies for collections.
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