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Article: EDI helps group practices manage costs. (electronic data interchange)(includes related article on Fayetteville Diagnostic Clinic)
- Article from:
- Healthcare Financial Management
- Article date:
- June 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ELECTRONIC DATA INTERCHANGE
Electronic data interchange (EDI) experts in the healthcare industry are advising physicians and physician groups to increase their use of EDI for claims processing, eligibility verification, and remittance advice.
Studies have shown that using EDI can, in fact, reduce administrative costs, cut the number of errors on claims, and improve productivity.
Financial analysts and healthcare industry experts expect the use of electronic data interchange (EDI) by physicians and physician groups to grow dramatically as physicians struggle to reduce paperwork and the massive amount of clerical labor and waste involved in billing.
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