What is EDI and Why is It Important for Workers’ Compensation Solutions?
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners. Instead of the traditional paper-based exchange of business documents, benefits of EDI include reduced cost, reduced resources being used, faster processing, reduced errors, and overall better relationships with business partners.
According to the Health Insurance Portability and Accountability Act of 1996, national standards for electronic health care transactions and national identifiers for providers, health insurance plans and employers were established to improve the efficiency and effectiveness of the U.S. healthcare system by encouraging the widespread use of EDI.
Through the use of EDI, workers compensation solutions are now easier to manage and faster to implement. Providing workers compensation management services such as scheduling medical appointments and treatment, management of billing and reporting for workers’ compensation patients is a tedious and complicated process. From making the initial call, setting an appointment with a doctor or medical specialist, and everything else in between–the whole process entails a massive amount of legwork, effort and time. For an injured employee or ill patient who needs to undergo medical diagnosis, procedures, and therapy – medical scheduling is indeed a daunting and time-consuming task. However, EDI is able to cut down on costs and processing time to make patients’ lives easier. Now, injured employees can immediately avail of the medical and health services they need in order to recover faster and get back to work more quickly.
As your premier choice for dependable and fast medical scheduling, Direct Pay Provider Network facilitates billing and reporting on each patient. Benefiting all stakeholders, we communicate with employers, claims adjusters, case managers, TPAs, insurance providers, and risk managers through our state-of-the-art integrated EDI system. In the process, we significantly reduce overall medical costs for our clients.
Let us help you with workers compensation solutions today! Trust Direct Pay Provider Network to take charge of your medical scheduling needs.