Custom Medical Claim Management Solutions - EffectiveSoft
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Custom medical claims management solutions

Are you a healthcare provider feeling overwhelmed by inaccurate data, compliance risks, claims rejections and denials, and reimbursement delays? Overcome these problems with our custom medical claims management software services. The top-quality claims management solutions we build enable our healthcare clients to effectively manage claims between patients and insurance agencies, improving administrative efficiency and overall financial health.
healthcare claims management system
healthcare claims management system

    What is claims management software in healthcare?

    Medical claims management software is used to automate and optimize the process of claims handling—from claims creation to closure. With this type of software:

    • Healthcare providers receive faster reimbursement for the medical care administered to patients.
    • Patients gain greater visibility into claims processing, which helps them better understand their financial responsibilities for the medical services delivered.
    • Health insurance payers can allocate their financial resources more prudently and effectively.

    Why build a custom medical claims management solution?

    1. Operational efficiency

      Medical facilities that invest in custom claims management software can automate related workflows and accelerate the claims life cycle, boosting operational efficiency.
    2. Increased accuracy

      Bespoke medical claims management solutions help identify human error and anomalies, increasing claims accuracy and minimizing the risks of claims rejections and denials.
    3. Compliance and security

      Custom hospital claims management systems conform to the most demanding domain and security standards, reducing the risk of fraudulent claims and data breaches.
    4. Patient satisfaction

      With tailor-made claims management solutions, healthcare providers establish transparent, quick, and straightforward claims processing, increasing patient satisfaction.
    5. Improved scalability

      Bespoke health insurance claims management software is designed to be inherently scalable, allowing medical organizations to easily manage an increasing volume of claims.
    6. Faster reimbursement

      Healthcare businesses that implement custom claims management systems can optimize claims workflows and achieve clean claims faster, expediting reimbursement.

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    What steps does medical claims processing include?

    1. Claims creation

      The medical claims process begins when a healthcare provider creates a claim form with patient data, diagnosis and procedure codes, services delivered, and charges incurred.

    2. Submission

      The healthcare provider then files the claim form to a clearinghouse—an intermediary between claimants and insurance payers for claims verification—or directly to the payer.

    3. Adjudication

      After receiving the claim, the payer initiates the adjudication process, which involves carefully evaluating the validity of the claim based on specific insurance policies.

    4. Settlement and payment

      If the claim is accepted, the payer settles the amount to be paid by the claimant based on their health insurance plan and reimburses the remaining amount to the healthcare provider.

    5. Explanation of benefits and closure

      The payer then sends the explanation of benefits (EOB) statement to the patient, outlining the services provided and payments covered by both parties. The claim is officially closed.

    6. Rejection/denial and resubmission

      If the payer has rejected/denied the claim because of missing data, invalid medical codes, or other problems, the healthcare company can rectify the errors and resubmit the claim.

    “Claims information differs from payer to payer, which has caused healthcare providers a lot of trouble. Having a solution that collects, standardizes, and visualizes all valuable information paves the way for smart and data-driven decisions.”

    Alexey Kozlovsky

    Delivery Manager

    Key features of healthcare claims management software

    Both ready-made and custom healthcare claims management solutions come equipped with multiple functionalities. The most popular features of bespoke medical claims management software include:

    • Integration with EHRs/RCM systems. Integration with electronic health records (EHRs)/revenue cycle management (RCM) software enables the compliant exchange of patient and financial information, ensuring data consistency across all systems.
    • Electronic data interchange. Electronic data interchange (EDI) enables the standardized and secure transmission of claim forms containing sensitive patient and healthcare provider data, medical codes, and more.
    • Coding compliance. The coding compliance feature offers real-time coding suggestions and validation based on ICD-10 and HCPCS, reducing coding errors and minimizing claims rejections and denials.
    • Claims assessment. The claims assessment functionality helps verify the authenticity of medical claims, identify and reject fraudulent claims, and mitigate the risk of potential financial losses.
    • Claims status, rejection, and denial management. These features help track claims status and create lists of approved, rejected, and denied claims, which optimizes claims processing and reduces accounts receivable (AR) days for healthcare providers.
    • Automated claims data management. This functionality enables the management of all relevant claims data—such as claims details, patient demographics, assigned adjusters, and other information—in a centralized location.
    • Business intelligence tools. Business intelligence (BI) tools help analyze claims data and create dashboard reports on claims processing time, rejection and denial rates, and other relevant metrics.
    • Remittance management. Remittance management is used to handle reimbursement, process electronic remittance advice (ERA) statements, and reconcile final payments with related claims.
    • Stakeholder communication. Collaboration tools and chatbots powered by artificial intelligence (AI) bridge communication gaps between stakeholders, including claimants, insurance adjusters, and healthcare providers.

    A web-based application designed to streamline customer claims processing for a company working in geographically dispersed markets.

    We build competitive healthcare claims management solutions

    1. Medical claims processing software

      If you need to create and manage health insurance claim forms (HICFs), ADA dental claim forms, Medicaid claim forms, and many others, EffectiveSoft has you covered. We build powerful and compliant claims processing software that efficiently handles a growing volume of medical claims, optimizes reimbursement calculations, and excels in proactive rejection and denial management.
    2. Healthcare revenue cycle management systems

      Are you looking to effectively manage all financial and revenue operations across your healthcare business using a single tool? EffectiveSoft can help. We develop comprehensive RCM software solutions with essential components like patient registration and management, eligibility verification, medical billing, AR recovery and management, revenue analysis, and more.
    3. Healthcare payment systems

      We create advanced healthcare payment systems to help medical facilities receive prompt reimbursement from patients and insurance agents. The tools we deliver enable payments through credit and debit cards, digital wallets, automated clearing house (ACH) transfers, cash, and other methods, reducing administrative burdens and providing healthcare providers with flexible payment options.
    4. Healthcare automation solutions

      Are you tired of time-consuming manual processes and looking to automate appointment scheduling, claims processing, data analytics, patient interactions, and many other healthcare activities? Trust EffectiveSoft. The custom healthcare automation solutions we build help eliminate employee mistakes, increase administrative efficiency, and decrease operational costs.

    Healthcare claims management: best practices

    To efficiently manage medical claims between claimants and insurance adjusters, healthcare organizations can:

    Implement relevant software

    If you want to eliminate mistakes in claims processing, avoid claims rejections and denials, and minimize reimbursement delays, implement health insurance claims management software. EffectiveSoft builds top-tier medical claims processing systems with features like claims intake, data analytics, reporting, and more.

    Organize employee training

    It’s essential to offer training sessions to encourage healthcare professionals to use the new claims software. These sessions can help employees explore software features like claims creation and editing, coding compliance, rejection and denial management, and others to handle claims more efficiently and securely.

    Capitalize on predictive analytics

    Predictive analytics plays a crucial role in claims management. By combining machine learning (ML) algorithms, statistical models, and historical and current data, predictive analytics helps healthcare providers flag fraudulent claims early in the process, improve claims accuracy, reduce claims processing time, and more.

    Create thorough documentation

    Maintaining an accurate record of all medical claims, including confidential patient information, diagnosis codes, and treatment details is crucial. By creating effective documentation, healthcare providers can accelerate the assessment of claims validity, resulting in faster claims settlement and resolution.

    Communicate clearly

    Transparent communication inspires trust in patients and ensures their claims are managed properly. To establish an effective connection, inform patients about the claims processing steps, use patient-friendly communication channels, provide timely updates on claims status, and follow legal communication guidelines.

    health claims management
    health claims management
    health claims management

    Achieving clean claims is a goal for any medical facility, as adjusters process these claims faster, ensuring timely reimbursement. Custom medical claims management tools incorporating coding compliance, proactive rejection and denial management, and other essential features can help healthcare providers implement a faster and more accurate claims management process, ultimately achieving higher clean claims rates.

    Oleg Sprinzhunas

    Business Analyst

    Our approach to medical claims management software development

    1. Analysis

      Our business analysts (BAs) gather, analyze, and document the healthcare provider’s goals, pain points, and business and product requirements for the final product, emphasizing clinical utilization, the target audience, and other key factors. They also estimate the resources, time frames, and expenses required for the project, establish important milestones, and identify key deliverables.

    2. Design

      Next, our solution architects create a software architecture blueprint and define the necessary technical stack. Our designers then build a low-fidelity wireframe followed by an interactive mockup and high-fidelity prototype, all of which contribute to the final user interface/user experience (UI/UX) design. Additionally, they design user-friendly interfaces with elements like layout, navigation, color patterns, and more.

    3. Development

      Based on the verified product prototype, we build the necessary components and functionality for the healthcare claims management software, using back-end and front-end technologies and adhering to Agile and DevOps best practices. To create a cohesive system of software components and continuously improve code quality, we conduct peer code reviews and unit testing at this stage.

    4. Testing

      Our quality assurance (QA) team then performs manual and automated testing of all functional and non-functional aspects of the final product. To ensure the software meets the established requirements, our QA engineers evaluate its integration and system capabilities, security, performance, compatibility, and more. They also identify any glitches and quickly fix them.

    5. Deployment

      After comprehensive testing, the glitch-free medical claims management software is ready for deployment in the production environment and official market release. To ensure the success of the software and high adoption rates, we combine various deployment strategies like continuous deployment (CD), ramped deployment, canary deployment, rolling deployment, and more.

    6. Maintenance

      Once the final solution is available to the intended audience, we continuously monitor its performance, address emerging security, operational, and compliance issues, and implement the necessary improvements based on user feedback. We also provide the required updates and upgrades, ensuring the software delivers uninterrupted service 24/7 for all parties.

    Why choose EffectiveSoft?

    1. Compliance and security

      When creating medical claims processing systems, compliance and security are our top priorities. To intertwine both during development, we invest in the ISO/IEC 27001 certification; conform to the requirements of GDPR, HIPAA, FHIR, the HITECH Act, and other regulations; incorporate proactive security measures; and regularly undergo OWASP training.
    2. Strong expertise

      EffectiveSoft has assembled a team of 365 professionals with significant expertise in software development, data services, UI/UX design, legacy app modernization, and more. Holding Microsoft, AWS, ISTQB, and Scaled Agile certificates, we are fully prepared to address challenges not only in healthcare but also in financial services, maritime, and other domains.
    3. Global availability

      Are you searching for a full-service IT partner available 24/7 to support you in technical endeavors? Look no further than EffectiveSoft. Our multicultural team from Europe, the UAE, LATAM, and the US works around the clock to help small to large-scale businesses gain tangible benefits from disruptive software solutions, technology, and innovation.
    4. Satisfied clients

      We have helped over 780 clients worldwide transform their concepts into 1,835 real-world products. An impressive 60% of clients return for our services, raising the question: “Why do companies trust EffectiveSoft?” The answer is straightforward—our professional hard and soft skills, individual approach and respect to every client, 94% on-time delivery, and more.
    5. Advanced technologies

      Are you neglecting the potential of AI/ML, extended reality (XR), Internet of Things (IoT), and blockchain while realizing that ignoring these innovations can lead to business stagnation? Let us guide you through the adoption process! Based on your specific needs and workflows, we can integrate the right technologies into your IT infrastructure to drive significant cost savings and increase your profitability.
    6. Focus on quality

      Quality over quantity is our guiding principle, empowering us to instill superior quality in every service we deliver and every software product we build. This approach has been noticed by Clutch, GoodFirms, and the Software Engineering Institute, earning us more than 140 awards for technical excellence and leading 79% of our clients to choose us as their preferred partner.

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    Conclusion

    Сustom medical claims management solutions significantly optimize healthcare claims management. By connecting healthcare providers, claimants, and insurance payers, these solutions significantly reduce administrative burdens, promoting efficiency and financial stability for all parties involved. Are you tired of convoluted claims processing, high claims rejections and denials due to manual data entry mistakes, and last-minute reimbursement? With EffectiveSoft’s support you can resolve these issues. Contact us now for a superior software solution that makes claims management accurate, fast, and compliant.

    F.A.Q. about medical claims management

    • The main challenges in healthcare claims processing include fraud, compliance issues, data management, security, and inflated patient expectations. To easily overcome these hurdles, use EffectiveSoft’s custom medical claims management software services.

    • Turning to EffectiveSoft for medical claims management software development is the ideal solution. We have been in healthcare IT for over 21 years, delivering high-quality software solutions for healthcare businesses worldwide. We have a deep understanding of healthcare challenges, including those related to claims management, and have effectively addressed them. Other reasons companies choose us include our commitment to quality, unwavering focus on compliance and security, use of advanced tools and technologies, unique approach to each client and their pain points, empathy, and more.

    • The cost of developing a medical claims management tool depends on the overall complexity of the end product, features incorporated, customization levels, integration capabilities, and more. Do you want an exact quote for your project? Fill out the contact form, and we will reach out immediately.

    • Yes, medical claims management software solutions can integrate with EHRs/EMRs, practice management systems (PMSs), billing tools, insurance clearinghouse software, and more.

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