The Irving based Medical Alliance company is the only provider in the United States of nation wide office based surgical services for over 5000 physicians in forty different states. Global HealthNet, which is specialized in Electronic Data Interchange services, recently has completed a redesign of Medical Alliance's centralized billing system to transform this service into a more effective tool for fast and efficient claims processing and accounts receivable business practices. The new system, which supports electronic claims, electronic remittance advice and supply-chain transactions, already has proved to offer substantial benefits to Medical Alliance.
The cutting-edge Electronic Data Interchange (EDI) technology is able to yield significant cost-savings for Medical Alliance, since most of the claims which are submitted electronically, are fully processed within no less than 35 days, with a huge percentage of 75 remitted in only 14 days. The new system, provided by Global HealthNet, has equally reduced the accounts receivable turnaround and turned collection costs to a minimum. Thanks to profound preliminary research and projections, Medical Alliance will be able to realize a substantial daily savings in accounts receivable overhead.
Medical Alliance's choice ultimately has fallen on Global HealthNet because this company could provide a large variety of powerful interfaces for client systems, solid support of institutional and professional claims, multiple data communications, scalable architecture which offers simultaneous access to a wide range of users, and all this without monthly support fees. Through the use of electronic commerce, Medical Alliance has been able and still continues to maximize its cash-flow. Global HealthNet is fully aiming at the expansion of the electronic information reach for health care organizations via a single point-of-entry communication hub.
The first steps towards the EDI implementation were taken in April of 1998. Already in July of 1998, the redesigned Medical Alliance's system was ready to start with the processing of claims. The partnership with Medical Alliance has proven the unique competence of Global HealthNet with regard to health care EDI transactions as well as to the payers billing requirements for the various types of health care delivery.