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How many paper claims do you submit to Medicare each month?
What state is your operation in? Alaska Arizona Idaho Iowa North Dakota Oregon South Dakota Washington Wyoming Utah
Submitting paper claims costs you approximately $ each month in paper (forms, postage, etc.) and billing staff salary costs! For more information, please refer to How did we calculate your paper claim costs?
An interest-ing fact...
What is your average monthly payment from Medicare for paper claims you submit?
By submitting these claims electronically in the HIPAA-compliant format, you will receive your Medicare payment approximately two weeks faster. Depositing this payment in an account earning 2.25% interest would earn an additional $ a month.
Although there are costs to submitting claims electronically - depending on the choices you make - they pale in comparison to the costs associated with paper claims. To learn more about the other advantages of billing claims electronically, visit EDI Advantages or call EDI Support Services at 1-800-967-7902.