Week 1 Flashcards
Mission statement
Create value for organizations in healthcare industry thru innovative business solutions built on superior technology enhanced with excellent service
3 adjectives to describe quadax
Medical billing, technology, service
4 values
Dependability, integrity, respect, teamwork
6 business units
Managed a/r, administration, reimbursement support, itis, network services, edi
Founding year
1973
First quadax client
Ohio medicaid
First quadax function
Data entry with ibm punch cards
3 benefits of being privately held
Flexibility, agility, quick response to change
7 office locations
Strongsville, middleburg, columbus, norwalk, beachwood, youngstown, GA
Harp stands for?
Healthcare a/r processor
2 harp models
Partner (share work), manager (quadax does it all)
Pas stands for?
Patient advocacy software
3 functions of pas
Pre-billing, medical records and appeals
Edi stands for?
Electronic data interchange
Who is xpeditors biggest client?
Harp
Define clearinghouse
Facilitator of transactions between provider and payer, used for faster reimbursement and accuracy
Csc
Client support center; xpeditor
Quick
Quadax internal check; formatting claims
ecm
Enterprise content management; onbase
Who developed onbase?
Hyland
How long does harp implementation take?
90 days
3 levels of harp database
Software (shared by all), virtual (shared by some), client (individual)
Purpose of medical billing
Get claim to insurance as quickly and accurately as possible for max reimbursement
12 Steps in the journey
Encounter, superbill, coding, pre-billing, ticket, claim generation, xpeditor, payer edits, adjudication, remittance, insurance followup, statement
2 parts of demographic information
Patient info, insurance
ELEL and RERE
Electronic eligibility and review response; used in pas to make sure insurance will accept procedure
What makes up a ticket?
Demographics from drs and charge info from crs, united by common account number
Cms1500
Outpatient form
Ub04
Inpatient form
837
Electronic form created by xpeditor to send to insurance
Emdeon
Post office in the sky; clearinghouse for small payers
Payer edits
Insurance company checks patient id, codes, and eligibility
Adjudication
Decide what to pay - all, none, line item, or deductible required
835
Electronic remittance sending money back thru clearinghouse for payment
Eft
Electronic funds transfer
Era
Electronic remittance advice
Lockbox
Where money and other correspondences from insurance company goes before being posted in system
Insurance follow up
Investigation & resubmit of denied claims
Expected growth in healthcare industry in next 10 years
10.8%
Leading cause of death in 1900s
Gastrointestinal infection