Medistreams is a leading U.S. healthcare revenue cycle management company, which specializes in converting administrative cost burdens into competitive advantages by delivering sustainable business value with a suite of remittance automation services.
Medistreams has thousands of EOBs per month that need to be processed quickly, accurately and cost-effectively. They found DDC to be the perfect partner take on this important important back office function. DDC created a customized software program for Medistreams that delivers. With a guaranteed data capture accuracy rate of 98.5%+, cost-effective process and 24-hour turnaround time frame, DDC has met and exceeded the company's back office processing requirements.
DDC developed a brand new software tailored specifically to Medistreams needs, which includes post-processing clerical and quality assurance services for their best-in-class remittance process offering. Medistreams scans and sends explanations of benefits (EOBs) from its lockboxes via FTP to DDC's server in Atlanta. Using the custom-designed data processing program, operators in DDC's Atlanta office process images on all critical levels, enter line items and balance data with the according checks. Once all data is adjusted and confirmed, DDC's staff sends the data back to the client via XML.
In addition to the higher quality data, dependable turnaround time and open lines of communication, Medistreams has also gained valuable insight into how their EOBs are being processed by its other vendor.
For example: DDC project leaders noticed early on that if a field is denied, a data entry operator could simply input a CO45 code and pass it through the system despite the discrepancy. DDC, however, takes the time to determine the correct code for each field to ensure correct data.
This has allowed the client to meet deadlines, eliminate data discrepancies, and increase success rates with clients in a cost-effective manner.