Organizations need full control of their operations in order to better manage and run their businesses according to how they see fit. The same is true for the healthcare industry and applies the same objective. Taking into account that the cost of healthcare services is only going up, many strive to get an improved hold of their business while curbing the rising expenditures. As a means to counter it, organizations choose a self-insured program and opt for third-party administrators (TPA).
The market for TPAs has increased in the last decade. With the onslaught of the COVID-19 pandemic, it has grown even more at an unprecedented rate. Employer companies are finding ways to cut costs and outsourcing became the most ideal measure. However, certain factors are preventing TPAs from giving optimum administrative services for providers and members due to the lack of a configurable and suitable TPA platform.
Without an all-in-one system to utilize, TPAs are exposed to administrative problems that compromise their productivity and the service they provide. When that happens, employers and their operations potentially suffer. Delivering quality service and high results demands equally high-caliber and dated administrative tools that keep up with the ever-changing needs of the organization. Poor technological integrations cause issues that leave TPAs vulnerable and unable to execute processes, including the following:
All of these challenges can be deflected by simplifying a workflow with powerful solutions. Luckily there is a certified management software that continues to break grounds in the market. Having a diverse platform like QuickCap by your side guarantees success and notable returns.
Switching back and forth to different programs to access records for providers and members can bar smooth progress for TPAs. From verifying member’s eligibility to processing claims, getting all the required data in a systematic management makes a difference.
A technology-led solution permanently frees TPAs from the administrative challenges they face today. With a configurable provider and member portal, it allows them to utilize features and functionalities that can provide these key main criteria:
QuickCap’s Customizable Provider and Member Portal Configuration
QuickCap enables TPAs to get ahead of their processes, making each transaction seamless and easy. This software is proven to be secure and offers reporting capabilities that drive better data analysis, improve TPA management performance, and boost savings.
Customizable Provider and Member Portal Configuration. View provider and member details in one software. Customize the network between providers and members with the portal configurations that you create.
Unlimited Case Management Programs. Identify high-risk populations and initiate suitable health and care arrangements.
Automated Claims Adjudication. Check claims status and view important processing information between providers and members.
Advanced Eligibility and Benefit Plan Platform. Determine whether or not a member is eligible and access coverage details from benefit plan documents with ease.
The best all-in-one administration solution is right here with QuickCap. Help your organization perform effectively by investing in the right comprehensive healthcare solution.
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SOC Certification Achievement
MedVision has successfully met the criteria outlined in the SOC (System and Organization Controls) audit for service organizations. This certification demonstrates MedVision’s adherence to rigorous standards for security, availability, processing integrity, confidentiality, and privacy.
As a service provider managing sensitive data and overseeing critical functions on behalf of clients, this certification underscores MedVision’s commitment to maintaining high standards of operational excellence and data security.
HITRUST Risk-Based 2-Year Certification Achiever
The Health Information Trust (HITRUST) is a standards organization dedicated to security, privacy, and risk management. They developed the HITRUST Common Security Framework (CSF), which assists organizations in maintaining a comprehensive and secure approach to HIPAA compliance and managing risks. HITRUST is widely recognized as the benchmark in data security and privacy.
Certified Member of HCAA
The Health Care Administrators Association is the nation's largest nonprofit trade association for third-party administrators, stop loss insurance carriers, managing general underwriters, audit firms, medical managers, technology organizations, pharmacy benefit managers, brokers/agents, human resource managers, and health care consultants. HCAA has spearheaded the change of self-funding for more than 35 years.
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