For Further information About NHXS Inc. Call 1-800-753-3638.
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NHXS signs six new contracts to Provide Contract Compliance and Decision Support Solutions
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| | Sacramento, CA August 25, 2009
National Healthcare Exchange Services, Inc. (OTC: NHCR.pk), headquartered here, said today it signed contracts with six physician groups in five states and one territory representing 421 providers. These groups will use eobResolve™ to improve contract compliance, revenue recovery, and decision support for their physician groups.
These groups include:
Colonial Family Practice in Sumter, SC
Fairfax Colon & Rectal Surgery, PC in Fairfax, VA
Pediatric Care Center in Christiansted, VI
Unity Healthcare, LLC in Lafayette, IN
Willis-Knighton Health System in Shreveport, LA
Woodcreek Pediatrics in Puyallup, WA
NHXS provides turnkey solutions to improve payment accuracy and reduce dispute resolution costs for physicians and hospitals. The NHXS rules engine maintains fee schedule, pricing, and clinical edit logic for each payor and automatically identifies and disputes underpayments.
"Our group is very excited with implementing NHXS applications and achieving significant benefits from more efficiently processing information and management of our payer contracts," says Mark Wessel, COO of Unity Healthcare.
The Willis-Knighton Physician Network is a Managed Service Organization that represents over 275 physicians and over 15 specialties and sub-specialties all across Northwest Louisiana. Willis-Knighton Physician Network is part of the Willis-Knighton Health System located in Shreveport, Louisiana, which is a not-for-profit organization.
According to Mark W. Rieger, CEO of NHXS, "There is a small but relevant error rate in the payment of medical claims due to the complex payment rules used. NHXS converts what is typically an expensive and tedious process to one that is simple and automatic.
The goal with any contract compliance system should be to improve first EOB payment accuracy not to perpetuate a second revenue stream from recoveries. Every time the physician has to touch the claim, the cost of doing business increases. Timely and accurate feedback to the payor is essential.” Rieger said.
In addition to eobResolve™, NHXS provides a number of solutions built around its payor specific payment rules engine. These include nhxsPricer™; a point of service patient responsibility calculator, and contractResolve™; a powerful contract negotiation and forecasting tool.
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