Moving to Electronic Transactions
Save time. Save money. Reduce administrative hassles.
Did you know you could save your practice time and money while dramatically reducing the number of administrative hassles you deal with every day?
You can make this dream a reality by adopting key electronic healthcare transactions mandated by the Health Insurance Portability and Accountability Act (HIPAA).
Did you know?
An estimated 3 billion claims were submitted in 20071. If both physicians and payers used HIPAA-standard electronic transactions instead of manual ones, the health care system could save $90.27 billion each year.
 Sources: 2006 Physician Characteristics; National Healthcare Exchange Service, 2007
Calculate your potential savings!
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We'll walk you through the process.
First, consult the AMA resource Understanding the HIPAA standard transactions: The HIPAA Transactions and Code Set rule for an overview of the HIPAA electronic healthcare transactions.
Next, take the brief Health Insurance Portability and Accountability Act (HIPAA) Transaction Code Set Vendor Survey to easily find out whether your vendors can process electronic claims and other electronic transactions.
Then, take advantage of the archived information webinars and free AMA-created toolkits, available to help your practice adopt the full range of electronic transactions:
- Eligibility verification
- Claims submission
- Claims status acknowledgements
- Prior authorization requests
- Referral requests
- Electronic remittance advice (ERA)
- Electronic funds transfer (EFT)
- Workers' Compensation, Property and Casualty e-Billing
- Claims Acknowledgement
Visit www.ama-assn.org/go/payerpolicies to access online resources from health insurers to help you move towards practice automation.
Learn more about these resources, and help your colleagues get up to speed as well—access the Practice Management Center’s archived webinars for an overview of the steps to using electronic transactions.
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