Today, GE Healthcare IT announced the availability of Centricity* EDI Services 5.4, a proven eligibility, claim, and remittance clearinghouse for hospitals and physician practices. This release, which seamlessly connects with GE’s revenue cycle management products (Centricity Business, Centricity Practice Solution, and Centricity Group Management), streamlines complex billing workflows by electronically connecting providers to virtually any payer. Today, more than 1,900 Centricity revenue cycle management customers depend on Centricity EDI Services to process more than 200 million claims per year valued at over $215 billion dollars.
“With Centricity EDI Services 5.4, our entire revenue cycle process is much more efficient,” said Nancy Medeiros, Software Analyst at Sturdy Memorial in Attleboro, Mass., where Centricity EDI Services has been integrated with Centricity Practice Solution since 2007. "We get paid faster and the integration provides a streamlined workflow that is requires less effort to get our work done. We also get visibility into the status of our claims so we can address any issues in our revenue cycle before there is a negative impact on revenue cycle performance."
With new capabilities including support for HIPAA 5010 and stronger analytics, this new release delivers a host of new features that help healthcare organizations improve revenue cycle efficiency.
Centricity EDI Services 5.4 builds upon the high quality and consistent results that customers have depended on every day for improving collections and tracking claims. Capabilities in this latest release include:
• Support for x12 4010 and 5010 formats to meet critical compliance requirements.
• Improved analysis and reporting capabilities to lower claim denials and rejections.
• Integration of payer status messages into the revenue cycle management software to create a streamlined workflow for addressing rejected claims.
• Ability to analyze rejection and denial trends, track claims and more in GE Healthcare’s EDI Services online dashboard.
“Centricity EDI Services is a critical product for our revenue cycle management customers,” said Mike Friguletto, vice president and general manager, GE Healthcare IT. “With Centricity EDI Services 5.4, customers now have more powerful analytical tools to help them identify opportunities to improve financial performance. Furthermore, GE’s commitment to helping customers meet important mandates is demonstrated by the fact that 99% of Centricity EDI Services claims are now in the HIPAA 5010 format.”
About GE Healthcare
GE Healthcare (gehealthcare.com) provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.
Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries.
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