Electronic filing has become standard practice because it ensures the fastest payment of fees for health care services by insurance companies and governmental agencies. In addition to cutting delivery time down to seconds, electronic filing significantly reduces the potential for error and miscalculation.
About 30% to 35% of all paper claims are rejected due to typos, omissions, or other errors. Our electronic claims are submitted only after being checked for accuracy by our staff, software, and claims clearinghouse. This auditing process brings the claims rejection rate down to less than 2%, putting 98% of claims on track for payment upon receipt by the insuring organization. Turn-around time is thus reduced by 33% to 70%, with electronically filed claims being paid in 6 to14 days versus the 21+ days required for paper claims.
EMBS does, of course, file any paper claims that are unable to be processed electronically.
